Roger Federer is no longer a billionaire with the tennis icon watching on as millions of dollars were wiped out on Tuesday.
The 20-time grand slam champ lost a fortune when luxury sneaker brand On suffered a share price collapse as a result of softer sales than forecast.
According to Forbes, the 19% plummet was worth at least $52 million to Federer, who has a widely publicised 2.5% stake in the company.
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