Roger Federer Loses $52 Million as His Fortune Plunges Below Billionaire Status
21 Articles
21 Articles
His alliance with the Swiss shoe company On Holding has received an unexpected torpedo
Roger Federer has shown for years that he knows how to win on and off the track. The former Swiss tennis player not only built one of the most successful races in the history of sport, but he also knew how to turn his name into a real empire. Sponsorships, investments and businesses led him to enter the exclusive club of the billionaires. But one of his great bets has just played a bad game and made him lose, on paper, about 52 million dollars. …
Roger Federer drops from billionaire ranks after sneaker company stock plummets: Here’s how it happened!
Tennis icon Roger Federer, the former professional tennis player ranked as the world’s No. 1 in men’s singles by the Association of Tennis Professionals for 310 weeks — the second most of all time — no longer holds billionaire status after the luxury sneaker brand On Holding saw its stock price collapse Tuesday when sales figures missed forecasts.
Roger Federer is no longer a billionaire following a sharp drop in the share price of sports brand On Holding. The former top tennis player saw his fortune shrink by 52 million euros in one fell swoop due to disappointing stock market results.
The Swiss received the economic impact of a collapse in the operations of the clothing company On Holding, of which it is a stockholder
One of the companies of which the Swiss is a shareholder collapsed in the stock market and the former lost 50 million in one day.Immediately, its assets fell to 950 million and came out of the select list.
Coverage Details
Bias Distribution
- 46% of the sources lean Left, 45% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
