World
Roger Federer loses billionaire status after stock decline
The former tennis player suffered a substantial drop in his wealth due to falling shares of his company On Holding.
Roger Federer has seen his net worth fall below one billion dollars following a significant drop in the stock price of his company, On Holding. According to reports from Infobae and La Tercera, this situation occurred within a 24-hour period and directly impacted his personal finances.
The decline in the value of On Holding has resulted in Federer no longer being included in the list of billionaire athletes, a notable turnaround in the financial trajectory of the renowned tennis player.