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Federer loses billionaire status as On shoes share price slumps According to US business magazine Forbes, former Swiss tennis star Roger Federer is no longer a billionaire, following a slump in the share price of the Swiss sports footwear manufacturer On. Forbes estimates that Federer’s net worth fell to around US$949 million after shares plunged in the Swiss company in which he holds a stake. + What does ‘Made in Switzerland’ mean exactly? On shares had at times fallen by around 19% on the New York Stock Exchange on Tuesday. This was triggered by the company’s quarterly results. Although On saw a significant increase in turnover, it still fell short of market expectations. Forbes estimates Federer’s stake in On at around 2.5% to 3%. The Basel-born former tennis ace joined the company as an investor and partner in 2019. Forbes first ranked Federer as a billionaire in 2025. In addition to his stake in On, his long-standing sponsorship deals with brands including Uniqlo, Rolex, Lindt and Mercedes-Benz contributed to his fortune. During his tennis career, Federer also earned more than $130 million in prize money. More Swiss tennis legend Roger Federer is officially a billionaire according to Forbes + How we produce English news Translated from German, reviewed by an English Department journalist.  In compliance with the JTI standards More: SWI swissinfo.ch certified by the Journalism Trust Initiative