Roger Federer set to become 1st billionaire in tennis in 2020

Roger Federer set to become 1st billionaire in tennis in 2020

Roger Federer could hit the billion dollar mark in the New Year and is set to become the fourth sportsman to earn eight digits.

According to reports, the multiple grand slam winner will join the likes of golfer Tiger Woods, basketball legend Michael Jordan and undefeated boxer Floyd Mayweather as the richest athletes of all time.

Tennis.com stated he has already garnered £689million as well as £153m from guaranteed agreed-upon sponsorship contracts in the months and years ahead.

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According to ATP, the 38-year-old earned £98m from prize money in singles and doubles event over the years.

The former world number one has built his fortune from a combination of prize money and endorsements with a range of global brands.

During the off season, Federer is understood to earn £7.6m each year in South American exhibition tournaments.

Buisness Insider also claims most of the earnings of the Switzerland tennis star comes from outside of his court activities.

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Federer has deals with top brands including Rolex, Uniqlo, Credit Suisse and Mercedes Benz.

Forbes claimed that the tennis legend has an annual income of £80m despite not playing at the peak of his career.

That figure represents a sizeable increase on the £59m he was estimated to have earned in 2018.

His three-year sponsorship with Uniqlo since 2018, is reportedly worth £23m per year which is the main contributor to Federer's increase in income.

Federer previously had a multi-million pound deal with Nike, while he has also invested money in the running shoe firm ON.

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Meanwhile, Legit.ng had earlier reported that VAR played a controversial role in PSG's 3-3 draw with Monaco in a Ligue 1 match played at the Parc des Princes.

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Islam Slimani's equalizer for Monaco was clearly offside as the linesman flagged the referee but after taking a look at the VAR, the goal was given by referee Antony Gautier.

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Source: Legit.ng

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