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New York Post Business · Aug 12, 2026 8:16 AM EDT ConsumerMacro

Roger Federer loses billionaire status as fortune wiped out in day of carnage

Roger Federer is no longer a billionaire with the tennis icon watching on as millions of dollars were wiped out on Tuesday. The 20-time grand slam champ lost a fortune when luxury sneaker brand On suffered a share price collapse as a result of softer sales than forecast. According to Forbes, the 19% plummet was worth...

Roger Federer loses billionaire status as fortune wiped out in day of carnage
Image New York Post Business

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