Roger Federer Lost His Billionaire Status in One Day. The Business that Took the Former Champion Out of the Top of the Rich
5 Articles
5 Articles
Former tennis star Roger Federer lost his billionaire status in a single day after the share price of a sportswear company in which he holds shares collapsed after it reported lower-than-expected second-quarter sales.
Due to the fall of the Swiss brand On, the former world number 1 would have lost its billionaire status, reports Forbes.
Roger Federer went down to $952.4 million, losing $52 million one day.
Former tennis player Roger Federer lost $52 million due to the decline in the stock market of the On brand, to which he is a shareholder, his fortune falling to $952.4 million and temporarily depriving him of billionaire status.
Tennis icon Roger Federer enjoyed his vacation in the last few days – but also had to accept a bitter loss.
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