Federer loses billionaire status after On Holding stock drop

Roger Federer has lost his billionaire status after a sharp decline in the share price of Swiss sportswear company On Holding, in which the tennis legend holds a significant minority stake. The drop in his net worth occurred on Tuesday, August 11, 2026, following the company's quarterly earnings report.

According to Forbes, Federer's net worth fell to approximately $952.4 million, a loss of at least $52 million. This decline was triggered by a roughly 19% plunge in On's share price on the New York Stock Exchange. The company's stock fell despite reporting record second-quarter net sales of 850.4 million Swiss francs, which represented a 13% increase. However, the results missed market expectations of 878.4 million Swiss francs, and the company also lowered its revenue forecast for the year.

Federer, 45, first achieved billionaire status in 2025, largely due to his estimated 2.5% stake in On Holding. He became a co-owner of the Zurich-based company in 2019 and serves as a casual fashion consultant. The company's valuation surged last year, partly fueled by the success of "The Roger" shoe line, which Federer helped design. Forbes estimates he holds roughly 296 million class A...