Roger Federer is now a billionaire, joining the likes of LeBron James and Lionel Messi.
He earned this status after acquiring a significant minority stake in On, a publicly traded Swiss shoe and apparel brand, as reported by Forbes.
What happened?
Federer retired from professional tennis in 2022, after suffering from several injuries in his last three years.
He made the announcement in a video in September 2022, stating that his body's capacities and limits had been clear to him lately.
Why it matters for Roger Federer
Federer's net worth boost is due to his investment in On, which has leveraged his success in tennis to the next level.
He has earned 103 ATP singles titles, 20 Grand Slam titles, including 8 Wimbledon titles, the most of any male tennis athlete.
What comes next?
In an interview with GQ Hype last year, Federer reflected on his decision to retire, stating that he is relieved and at peace.
He said that he does not miss competitive tennis, and that his knee and body do not allow him to be out there.
Federer has not publicly responded to the billionaire news.
He is now part of an elite club, which also includes golfers Tiger Woods and Phil Mickelson, soccer legend Cristiano Ronaldo, and boxer Floyd Mayweather.
Federer's retirement was announced on September 2022, after playing more than 1,500 matches over 24 years.
He won his last Grand Slam title in 2018, and has been ranked as the number one tennis player in the world for a record 310 weeks.
The athlete billionaire club is a rare group, with only a few athletes achieving this status.
Federer's success in tennis has been unparalleled, with a record 8 Wimbledon titles and 20 Grand Slam titles.
He has been named the ATP Player of the Year a record five times, and has been awarded the Stefan Edberg Sportsmanship Award a record 13 times.
Federer's investment in On is a significant milestone in his career, and marks a new chapter in his life after retirement.
He has stated that he is at peace with his decision to retire, and is looking forward to new challenges and opportunities.
The news of Federer's billionaire status has been reported by Forbes, and has been widely covered in the media.
Federer's success is an inspiration to many, and his legacy in tennis will be remembered for generations to come.
He has been praised by his peers and fans alike, for his incredible talent, dedication, and sportsmanship.
Federer's story is one of hard work, perseverance, and passion, and serves as a reminder that with determination and talent, anything is possible.
He will always be remembered as one of the greatest tennis players of all time, and his achievements will continue to inspire and motivate others.