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Poor Roger Federer – his money is now swimming away
🇨🇭 Switzerland /Economy & Trade

Poor Roger Federer – his money is now swimming away

From Neue Zürcher Zeitung · () German

Translated from German, summarized and contextualized by DistantNews.

At a glance

News Sources not specified Context piece
  • Roger Federer, once a billionaire, is no longer considered one due to a significant drop in the value of his investment in the company On.
  • The value of On's shares fell by 19%, resulting in a book loss of $52 million for Federer.
  • The article humorously suggests Federer might need to consider earning money again, perhaps through endorsements or even playing tennis.

Roger Federer, the former world number one tennis player, has seen his billionaire status slip away, according to a report from the Neue Zürcher Zeitung. Once celebrated for his effortless play and record-breaking achievements, Federer's post-tennis career has encountered a financial setback.

Federer, who was recently listed among the Forbes' sports billionaires, has experienced a substantial financial loss. His stake in the Swiss shoe company On, which recently featured the Swiss cross on its products manufactured in Asia, has depreciated significantly. The company's stock plummeted by 19%, wiping approximately $52 million from Federer's net worth.

What we don't earn in a whole lifetime, others lose in a few minutes.

— Neue Zürcher ZeitungThe article uses this phrase to highlight the dramatic financial loss Federer experienced.

The article wryly observes the stark contrast between ordinary people's lifelong earnings and the rapid financial fluctuations experienced by sports stars. While acknowledging that Federer is unlikely to face financial hardship, the piece playfully suggests a return to earning, perhaps through more "Switzerland Tourism" advertisements or even a return to the tennis court. The report notes a recent encounter between Federer and Bernard Arnault, Europe's richest man and CEO of Louis Vuitton, hinting at potential future collaborations or endorsements.

Maybe he should think more about earning money again.

— Neue Zürcher ZeitungThe article humorously suggests Federer might need to return to earning money after his financial setback.
DistantNews Editorial

Originally published by Neue Zürcher Zeitung in German. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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