Federer Loses Billionaire Status as On Holding Share Price Plummets

Tennis icon Roger Federer has seen his estimated net worth drop below $1 billion after On Holding's share price plummeted by nearly 19% on August 11, 2026.

The sharp decline erased tens of millions from Federer's estimated wealth, pushing his fortune to around $952.4 million, according to Forbes.

Federer's significant financial hit comes after On Holding reported weaker-than-expected second-quarter sales, missing analysts' expectations of 878.4 million Swiss francs (approximately $1.08 billion).

Despite the share price dip, On Holding did report some positive figures, including a significant improvement in net income to 105 million Swiss francs and an increase in gross profit margin to 65.4%.