Here's How Roger Federer Earns And Spends His Millions
Swiss-born professional tennis player Roger Federer is one of the most successful tennis players in history and has accumulated a massive net worth of $550 million throughout his career. He is the second highest earner in the tennis history with $130 million tournament earnings, second to Novak Djokovic who has earned $145 million winnings. In addition to his tournament earnings, the 40 year old athlete has earned approximately $1 billion when his earnings from endorsements and brand partnerships were added. Take a look at how he spends and earns his massive millions.
8 Earns: Equity Deal With On Running
Even though Roger Federer has ended his contract with Nike, he kept wearing the brand. However one day he wore a shoes made by the Swiss brand On Running while he was training and he fell in love with it. Due to his faith in the quality of the brand, he went on to sign with them as the global ambassador of On Running. The contract he signed was an equity deal where he will earn about three percent of On Running’s stake. The stake he owned was valued at $235 million after the company went public.
7 Spends: Roger Federer Foundation
The foundation of the famous athlete mainly focuses on education. The foundation specifically works hard to provide better access to the early education for those children belonging to the six low-income countries which include Malawi, Botswana and Zambia. The foundation was established in 2003 and they have been helping since and they initially focused in South Africa which is the home country of his mother. The foundation aims to give the children the best start in life by providing them an opportunity to a better educational path. Roger Federer Foundation’s mission statement is as follows: “We thus aim to give children the best start on their educational path through life by establishing and further develop existing early educational services in a sustainable way”.
6 Earns: A $300 Million Contract With Uniqlo
When the partnership contract between Nike and Federer ended in March 2018, the tennis player made headlines when he went on to sign a 10 year deal with the Japanese clothing brand Uniqlo that same year. The contract was worth around $300 million, which means that he will earn a massive $30 million annually. This would also mean that even if the tennis star player decided to retire, he will still rake in some solid cash. Federer has stated that his partnership with the Japanese brand has been a long time coming when asked about in during the Wimbledon 2018.
5 Spends: Donations To Other Causes
The Swiss professional tennis player is widely known as someone who is always willing to come to the aid of people in need. Every time there is a natural disaster, it is expected that Federer will reach out to give help. The tennis player who was ranked no. 1 for 237 consecutive weeks by the Association Tennis Professionals even auctioned his beloved tennis racket and the proceeds will be donated to the affected individuals during the Hurricane Katrina in the U.S. that took place in 2005. The racket was sold for a whopping $40,000 which was all given to the victims of the Hurricane Katrina.
4 Earns: Tournament Earnings
Through the course of his tennis career, Roger Federer has already earned $130 million in tournament winnings alone. He has won this amount from prize money in his entire career. Last year, he became the first tennis player to win $1 billion from tournament winnings, endorsements, deals, etc. Although the vast majority of his massive wealth came outside the court, he still would not earn those amount without his success in tennis.
3 Spends: Real Estate Properties
With a massive fortune that he has now, it is safe to say that Roger Federer can basically buy any property that he likes. Other that the luxurious benefits of owning a beautiful and stunning estate, it can also be a great investment since the value of the properties in great areas usually increases through the years. One of his most expensive real property purchases was his Dubai Penthouse which he bought for $23.5 million. The penthouse was located in Dubai’s most exclusive tower which he bought in 2014. It was reported that he usually spend his time in the beautiful penthouse in Middle East every time it is freezing cold in Switzerland where he also has two homes. The property he bought was a presidential penthouse which was located in Le Reve which is the French word for The Dream.
2 Earns: A $5 Million Annual Contract With Mercedes-Benz
According to Forbes, Federer snagged a ten year deal with Mercedes-Benz in 2017 which states that he will be earning $5 million every year. The vice president for Marketing Mercedes-Benz Cars, Dr. Jens Thiemer, believes that Federer is one outstanding athlete who has shaped the sports for decades. He added that he is the most ideal athlete to represent their brand. Aside from the millions of dollars that Federer will be receiving from Mercedes-Benz, his deal also included a clause that says he is entitled to get a new car every six months.
1 Spends: A Million-Dollar Car Collection
With all the money that Roger Federer is getting and earning, it is only reasonable that he has a million dollar car collection. Obviously, since he has a partnership contract with Mercedez-Benz, he owns tons cars from the German luxury automotive brand. One of the most expensive car he owns is the 2012 Mercedes SL AMG Roadster which costs around $198,675. He was among the first ones to test drive the car before it was even released to the public. The 2012 model does not have the usual gullwing doors and instead has the conventional regular-fitted doors. The car which was elegantly designed has a long hood and short-deck proportions.
Sources: Celebrity Net Worth, Hot Cars, Real Estate AU, Sportico
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