Former tennis legend and 20-time Grand Slam champion Roger Federer earned the title of “billionaire” for himself after Forbes on Friday (August 22, 2025) announced that it estimated his net worth at about $1.1 billion. A significant share of his fortune comes from his 2019 investment in the Swiss sportswear company, On.
Federer, 44, is among the highest-paid tennis players ever. He scored nearly $131 million in prize money over his 24-year Association of Tennis Professionals career, behind only Novak Djokovic’s $189 million total and Rafael Nadal’s $135 million, according to PEOPLE. It was the investment in the Swiss sports apparel company that has steadily raised the tennis star’s net worth. He holds a significant stake in the company.
Roger Federer becomes a billionaire: How he got in touch with On
Federer was first introduced to the Swiss company. On when his wife, Mirka, began wearing the brand’s sneakers, PEOPLE reported. Soon after getting in touch with the sports apparel company, he reached out to the founders of the company, David Allemann, Olivier Bernhard, and Caspar Coppetti, and then took an equity stake in the business.
The former tennis star then helped the brand create an on-court tennis shoe, as well as a lifestyle apparel line. The company went public on the New York Stock Exchange in 2021 and now has a market capitalization of nearly $15 billion. The athlete holds a 3% stake, making his equity worth more than $375 million, per Forbes.
Live EventsRoger Federer’s other high-profile sponserships
Besides On, Federer had received various high-profile sponsorships throughout his career. In 2018, he parted ways from Nike and signed with Uniqlo for a $300 million contract that would span over 10 years, according to PEOPLE. Meanwhile, Nike paid him approximately $150 million over two decades. He was also sponsored by Lindt, Mercedes-Benz, Rolex and Moët & Chandon.Along with his investment in On, he has invested in several other companies throughout the years, including private plane operator NetJets, eyewear brand Oliver Peoples and UBS bank.In 2013, he and Tony Godsick cofounded the management company Team8 and then, four years later, created the Laver Cup. The event is an annual team tennis tournament comprised of six European men playing against six international players. He now becomes the seventh athlete to become a billionaire and the second ever tennis player, following Ion Tiriac.Other sports legends in billionaire club
Forbes, in 2014, had estimated that Michael Jordan entered the billionaire club and is now worth $3.8 billion. Magic Johnson became part of the club in October 2023 and now has a net worth of $1.5 billion. Junior Bridgeman had a $1.4 billion fortune at the time of his death in March.
LeBron James and Tiger Woods are the only athletes in the elite list to be billionaires while still playing their sports. According to Forbes, James, 40, reached billionaire status in June 2022 and now has a net worth of $1.2 billion. Woods, 49, earned the title that same month and now has a fortune of $1.3 billion.
