Tennis legend Roger Federer has made the Forbes’s annual billionaire list for the first time this year, after achieving this status last year.
Federer, 44, a former tennis superstar with 20 Grand Slam titles, became a billionaire last year with an estimated $1.1 billion fortune, thanks to incomes throughout his decorated career and his stake in Swiss footwear brand On Running.
According to Bloomberg, Federer earned $130.6 million in prize money over his career, which is just 10% of his wealth. The majority of his fortune comes from investments and high-profile endorsement deals.
In 2019, he acquired about 3% of On Running. The brand is now valued at around $17 billion, making Federer’s stake worth at least $500 million, nearly half of his fortune.
Federer has also built a portfolio of long-term endorsement deals, working with more than a dozen global brands. Several of these partnerships, such as those with Credit Suisse (now UBS), Swiss confectionery company Lindt, German luxury automaker Mercedes-Benz, and Swiss luxury watch brand Rolex, have lasted more than a decade.
He reportedly earned around $8 million annually from Rolex, $5 million a year from Mercedes-Benz, and about $20 million in total from Lindt, according to Fortune.
In 2018, Japanese retailer Uniqlo signed him for $300 million over 10 years as one of its global ambassadors.
Born in Switzerland, Federer is one of the greatest tennis players of all time. He competed on the ATP Tour for over two decades, going head-to-head with some of the sport’s most formidable opponents.
He claimed an impressive 20 Major titles during his career, holding the record for the most Grand Slam wins for several years.
Source: VN Express