Roger Federer Stops Being a Billionaire After Falling On Holding
3 Articles
3 Articles
The once best tennis player in the world is no longer a billionaire. Does he have to make the money again with the racket?
Roger Federer (45) has lost at least 52 million dollars in a computational manner within a few hours – around 45 million euros – and is no longer one of the billionaires for the time being. The trigger was a surprising price collapse at the Swiss sporting goods manufacturer On: On Tuesday, according to Hello!, the company's share collapsed by about 19 percent. The former tennis star holds a significant share of the company, correspondingly viole…
Key Facts Federer's fortune fell to 952.4 million dollars at 12:30 p.m. on Tuesday, which means a loss of at least 52 million dollars, while On Holding's shares plummeted by about 19 percent at the same time. The Swiss sports clothing and footwear company recorded net sales of 850.4 million Swiss francs (about 1.040 million dollars) in the second quarter, according to The Wall Street Journal. The figure represents an increase of 13 percent, but …
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