Ranked number 3 in the world and with a salary of 9 million dollars, Federer is one of the most successful Tennis players in the world and also the richest with a net worth of $320 million. His earnings have steadily increased as much as his performance from the time he started playing professional tennis in 1998.
Federer Net Worth - $320 Million
Birth Name - Roger Federer
Date of birth - August 8, 1981
Zodiac Sign - Leo
Birth Place - Basel, Switzerland
Nationality - Swiss, South African
Height - 6' 1"
Profession - Tennis Player, Philanthropist;
The Swiss international discovered his talent for tennis at a very early age when he used to play with his sister and parents. By the age of 8 he had enrolled into the Basel Junior tennis program and 2 years after that he mate Australian professional Peter Carter who had a big influence on his career, he developed his potential. Federer was ranked number one in the world junior rankings.
In 1999, Federer made his first impact on the international scene managing to reach the semi-finals of a tournament in Vienna, this shot up his earnings to $225,000. The following year, he made it even bigger, represented Switzerland in the Olympics, but he did not win any medal, he, however, boosted his earnings to $624,000.
A year after representing his country in the Olympics, Roger made his mark on the international scene winning his first ATP singles title. With the title came more money, he was now being paid $865,000 he also won his first ATP doubles the same season and made his mark as the 13th in the world.
Winning such titles and having a recognizable position in the ATP rankings meant that he was now worth much more and he started earning in the millions. In 2002 he would bag a salary of $1.995 Million and two years after that he would set a record becoming the number one player in the world in 2004 and holding that position for 237 weeks straight up to 2008. By 2007, his earnings were up to 10 million dollars when his career was at its best.
Within the space of nine years, Federer has won the Wimbledon title seven times, the US Open five times, the Australian Open Four times and the French Open once. According to estimates, Federer earned 71.5 million dollars in a single year with endorsements contributing to the bulk of it.
When it comes to endorsements, Federer is unmatched as an athlete. Endorsements are what make the most of his earnings. With a very long dominance on the court, a number of companies have been lining up to get a piece of him to promote their products. Federer has 10 sponsors with long contracts. Nike which is his biggest sponsor has a 10-year sponsorship contract with the athlete which is the longest contract in history. He gets paid an annual fee of 10 million dollars by Nike alone. He has a personal brand in conjunction with Nike which gives him more money flowing into his account. He has another long term deal signed in 2012 with Moet and Chandon that will give him 6 million dollars every year until 2017. Some of the other companies that he endorses include: Rolex, Mercedes Benz, Wilson, Gillette, Jura, Lindt Chocolates.
The combined annual sum from all his sponsors comes down to as much as 45 million dollars.
Forbes explains the allure a top tennis player has for most companies. It points out that tennis appeals to a demographic of people who have a high disposable income and has a global reach so companies that would want to promote ostentatious products like watches, cars and the like will definitely pay to have a tennis star endorse their products and one with dominance like Federer is of particular appeal.
Roger Federer has contributed to his own net worth and that of fellow professionals by using his good negotiation skills. In 2008, as the president of the ATP tour council, Federer engaged the board in negotiations for higher appearance fee and prize money at the Grand slam events. These negotiations were very successful with recent announcements of increases and expected 50 million dollar increase in prize money by 2017.
With a net worth of over 300 million dollars, it comes as no surprise that the tennis star lives in glass mansion by the beach in Switzerland valued at £6.5 million. Recently when he was in the UK for Wimbledon, he made news by renting 2 houses to avoid disturbance, he rented one house for his wife and kids and another for himself and the team. Both houses cost £30,000. But considering what he would be making, that is nothing to him.
Roger also has a collection of Luxury cars one of which is part of an endorsement deal with Mercedes. He is generally living a life of luxury.