Federer's billion dollar fortune

Federer has a huge fortune. Photo: Reuters .

According to Forbes , Federer's fortune is estimated at $1.1 billion . Although he retired three years ago, the former Swiss tennis player still shows great appeal in the sports world.

Forbes said Federer's wealth comes largely from his significant investment in Swiss shoe and apparel brand On. Federer holds about 3% of the company and has been involved with the brand since 2019.

The On brand listed on the New York Stock Exchange in 2021 and now has a market value of nearly $15 billion , with Federer's stake estimated to be worth more than $375 million .

During his 24-year playing career, Federer won 103 titles and earned nearly $131 million in prize money. In addition, he earned about $1 billion from off-court sponsorship deals.

Federer made a fortune during his peak years. Photo: Reuters .

Federer signed a $150 million deal with Nike for 20 years, before switching to Uniqlo in 2018 for a $300 million , 10-year deal. However, since Uniqlo does not produce shoes, Federer teamed up with On, a decision that would be a turning point in his career.

In addition to his contracts with On and Uniqlo, Federer has long-standing sponsorship relationships with major brands such as Lindt, Mercedes-Benz, Rolex and Moet & Chandon. All of this income has helped him become the world's highest-paid tennis player for 16 consecutive years.

In 2020, Federer was recognized as the world's highest-paid athlete ( $106.3 million before taxes).

Before Federer, another legend, Ion Tiriac, became the first billionaire in tennis in 2007, thanks to investments in real estate and financial services.

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Source: https://znews.vn/khoi-tai-san-ty-usd-cua-federer-post1579975.html