Despite his 2022 retirement from professional tennis, Roger Federer’s wealth has only increased since he left the game. According to People, Forbes estimates the Swiss great, a two-time Olympic medallist and 20-time Grand Slam champion, has a net worth of $1.1 billion. Federer is now the seventh athlete in history to become a billionaire, after Michael Jordan, Tiger Woods, Magic Johnson, LeBron James, and Junior Bridgeman. He is only the second tennis player to do it after Ion Țiriac.
Federer’s riches were only little influenced by prize money. According to Forbes data used by People, he made roughly $131 million in on-court earnings during his career, less than Rafael Nadal’s $135 million and Novak Djokovic’s $189 million. Rather, endorsements and investments are the foundation of Federer’s riches. His 2019 acquisition of a 3% share in the Swiss clothing and footwear firm On was his most profitable business venture. The value of Federer’s holding skyrocketed when On went public in 2021, and it is currently valued at over $375 million.
Endorsements and legacy beyond tennis
Another important source of Federer’s income has been sponsorships. He got a historic 10-year contract of $300 million with Uniqlo after departing Nike in 2018. Even after retirement, his brand remained highly marketable thanks to his endorsement portfolio, which includes luxury brands like Lindt, Mercedes-Benz, Rolex, and Moët & Chandon. According to Forbes, which has cited statistics reported on Wikipedia, Federer was the highest-paid player in tennis for sixteen years in a row. In 2020, he earned $106.3 million before taxes, making him the highest-paid athlete in the world.
Federer’s achievement of becoming a billionaire demonstrates how his career went well beyond awards and championships. He has turned from a successful athlete into a worldwide business icon by meticulous financial planning, stock investments, and high-value endorsements, solidifying his reputation as one of tennis’ finest players and most prosperous businessmen.