£12.3billion: Congratulation Roger Federer joins Michael Jordan, LeBron James and Tiger Woods in sport’s billionaire club on eve of Wimbledon
Roger Federer has become the latest athlete to achieve billionaire status.
The tennis legend has amassed a staggering net worth thanks to his on-court achievements and long-term endorsement deals.
According to Bloomberg, Federer is now worth $1.3billion (£950million) three years on from his retirement.
The 43-year-old won £95.3million in prize money during his trophy-laden career.
Despite winning 20 Grand Slam titles, it is off the court where he has made the majority of his money.
Federer’s net worth is bolstered by a three per cent stake in Swiss shoe brand On.
The company is valued at £12.3billion, making Federer’s share worth £364million on its own.
He also has a string of lucrative deals with brands including Rolex and Lindt.
In achieving billionaire status, Federer joins a growing list of sporting stars.
READ MORE : Eight Titles: Grand Slam final record that Roger Federer took
However, all three have some way to go to match the finances of NBA icon Michael Jordan.
His net worth of $3.5billion (£2.55m) is almost as much as Federer, Woods and James’ combined.
He is also an investor in betting firm DraftKings and co-owns a NASCAR team.
Meanwhile, he sold his majority stake in the Charlotte Hornets two years ago, with the deal valuing the NBA franchise at $3billion (£2.2bn).
As for Federer, his achievement comes on the eve of this year’s third Grand Slam at Wimbledon.
He is expected to be present at the tournament, which he won eight times as a player.
“We will see Novak [Djokovic] in the draw, while Andy [Murray] will probably be at the facilities.”
Wimbledon gets underway on Monday and will run through until July 13.
