Tennis legend Roger Federer is no longer a billionaire after the luxury sneaker brand On’s share price collapsed recently — the 20 time Grand Slam champion holds a 2.5 per cent stake in the Swiss company.

According to Forbes, Federer lost $52mn (approx Rs 496cr) after On’s shares fell by nearly 19 per cent. His net worth now stands at $952mn (approx Rs 9083 crore).