According to Forbes, On Holding’s shares plunged by 19 per cent following weaker-than-expected sales, wiping at least $74 million off the value of Federer’s investment in the company.
Federer, who holds a widely reported 2.5 per cent stake in the Swiss sportswear brand, was among the major beneficiaries of its surge in valuation in recent years.
The company, which was listed on the New York Stock Exchange in 2021, experienced significant growth in value last year, helping Federer return to billionaire status.
However, following the latest decline, Forbes estimates the 20-time Grand Slam champion’s net worth at about $1.35 billion, although the figures cited in reports vary depending on the valuation period and assets included.
On Holding, which originated in Zurich, has grown from a high-performance running shoe manufacturer into a major global athletic footwear brand.
Federer became involved with the company in 2019 as a co-owner and fashion consultant. His collaboration with the brand, including the popular “The Roger” footwear range, contributed to its strong visibility and commercial growth.
Despite the decline in the value of his On stake, much of Federer’s wealth has been accumulated through his illustrious tennis career and lucrative endorsement partnerships.
The eight-time Wimbledon champion retired with more than $130 million in career prize money, in addition to substantial earnings from sponsorship and other business ventures.
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