Overview
- On Holding reported Q2 net sales of 850.4 million Swiss francs, a 13% increase that missed analyst expectations and prompted a roughly 19% fall in the company’s share price.
- Forbes’ live tally of Federer’s wealth fell to about $952.4 million after the stock drop reduced the value of his reported 2.5% stake in On.
- The share decline erased at least $52 million from Forbes’ estimate but did not reflect any new company insolvency or broad market alarm in coverage of the results.
- Market commentary cited in reports describes the hit as short term and notes Federer’s holdings in On and his long-running Uniqlo endorsement remain the main drivers of his net worth.
- Federer earned about $130 million in career prize money, but most of his fortune comes from endorsements and equity positions, so future moves in On’s stock or company forecasts could quickly shift his public net-worth estimate again.