Federer set to be first tennis player in sport’s $1bn club

Roger Federer,Federer Annual Earnings,Australian Open,Australian Tennis,Sports Business News

Roger Federer is well on course to be a tennis maiden representative in a billion-dollar athletes club. The Swiss legend’s projected revenues for 2020 will take his career aggregate well beyond the billion-dollar mark and put him in the league of legends – Michael Jordan, Tiger Woods, and Floyd Mayweather.

Federer’s career earnings after he had grossed an all-time high $93.4 million last year are estimated to be around $ 900 million. He is tipped to break the $100 million barrier for the first time with the majority of his earning set to come from lucrative deals with brands like Uniqlo, Barilla, Sunrise, Mercedes Benz, Lindt, Wilson, Jura, Rolex, Credit Suisse.

Also Read: Australian Open 2020 : Nike reveals new outfit for Bianca, Uniqlo for Federer

The expected record revenue figure for a professional tennis star in a single year will also enable Federer to create another history for the sport as the first-ever billionaire tennis icon.

Federer’s annual revenues, according to Forbes’ estimations, have grown almost threefold in 11 years – from $ 33 million in 2009 to $ 93.4 million last year. After having aggregated an estimated $ 71.5 mn in 2013, the 38-year-old tennis icon had seen a sharp fall in his earnings the next year. It took him four-years to match and exceed that number with $ 77.3 million gross earnings in 2018, which surged to $93.4 million last year.

Federer-Zverev exhibition match creates attendance record for tennis

Tennis has had its share of billionaire players, but Federer becomes unique in the sense that his net worth is generated through his tennis career by way of appearance fee, prize money and lucrative sponsorship deals.

According to tennis.com, former professional Ion Tiriac had reached that status in retirement though his involvement in post-Communist Romanian banking and other investments. Another billionaire, Brazilian Jorge Paulo Lemann, a friend of Federer’s, played Grand Slam tennis before becoming an investor.

The 20-time Grand Slam Champion has also won ATP’s sportsmanship award more than 12 times. That establishes the popularity of the gentle Swiss. It is this wide acceptance and fan following that makes Federer a precious asset to the brands.

Federer is in Melbourne for the Australian Open, where had had also figured in the charity exhibition game for the bushfire relief fund.

Also Read: Roger Federer invests in Swiss sneaker brand ON

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