Roger Federer has become the latest athlete to achieve billionaire status.
The tennis legend has amassed a staggering net worth thanks to his on-court achievements and long-term endorsement deals.
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Federer has reached billionaire status on the eve of WimbledonCredit: Getty
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The 20-time Grand Slam champion has a net worth of $1.3billionCredit: Getty Images – Getty
According to Bloomberg, Federer is now worth $1.3billion (£950million) three years on from his retirement.
The 43-year-old won £95.3million in prize money during his trophy-laden career.
Despite winning 20 Grand Slam titles, it is off the court where he has made the majority of his money.
Federer’s net worth is bolstered by a three per cent stake in Swiss shoe brand On.
The company is valued at £12.3billion, making Federer’s share worth £364million on its own.
He also has a string of lucrative deals with brands including Rolex and Lindt.
Meanwhile, he signed a 10-year deal with Uniqlo in 2018 worth £218million after his Nike contract expired.
In achieving billionaire status, Federer joins a growing list of sporting stars.
Both LeBron James and Tiger Woods have amassed similar figures during their careers.
The former is valued at $1.2billion (£880m), while Woods has the same net worth as Federer at $1.3billion.
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Federer has penned a string of lucrative endorsement dealsCredit: Getty
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He has some way to go to match the finances of NBA legend Michael JordanCredit: Getty
However, all three have some way to go to match the finances of NBA icon Michael Jordan.
His net worth of $3.5billion (£2.55m) is almost as much as Federer, Woods and James’ combined.
Jordan’s corporate partnerships include deals with Nike and Gatorade.
He is also an investor in betting firm DraftKings and co-owns a NASCAR team.
Meanwhile, he sold his majority stake in the Charlotte Hornets two years ago, with the deal valuing the NBA franchise at $3billion (£2.2bn).
As for Federer, his achievement comes on the eve of this year’s third Grand Slam at Wimbledon.
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He is expected to be present at the tournament, which he won eight times as a player.
Speaking to TNT Sports, Federer revealed: “I probably will go to Wimbledon, but I don’t know if Rafa [Nadal] will be there during the tournament.
“We will see Novak [Djokovic] in the draw, while Andy [Murray] will probably be at the facilities.”
Wimbledon gets underway on Monday and will run through until July 13.
