A few days ago I posted about Roger’s split with the IMG and whether or not he’ll participate in an IMG event again after he missed both Abu Dhabi and Miami from his 2013 schedule.
I also said that surely IMG would want to keep Roger on their books because he’s still a huge money making machine both in tennis and the entire sporting world. But what is Roger Federer’s net worth? I know he’s won an awful lot in prize money over the years but I’ve never really paid much attention to the rich lists or his off court dealings so I thought I’d take a look.
I’m not sure I’ll be able to find a definite answer, after all the only certain figures we have are Tournament Prize Money as that’s declared, the rest will be informed guesses from my research and using the data we have to go on from other rich list compilers like Forbes and Bilan, the Swiss Business magazine.
I’d hazard a guess it will be enough to get by on and maybe go on holiday once a year
How much has Roger Federer won in Career Prize Money?
To date Roger has won a whopping $76,014,777 in prize money, making him the most successful player on the ATP World Tour ever! Next it’s Nadal who’s also won a considerable amount and recently moved in front of Pete Sampras to second on the list with career winnings of $50,061,827.
It looked like Nadal was going to catch Roger up at one point when he was winning everything under the sun but now he’s riddled with injury (will he ever get back to the top? Another post maybe) and Djokovic has got his number his growth has slowed somewhat.
Federer’s Career Earnings Year on Year
In the table below you’ll see Roger’s prize money year on year since he turned professional in 1998. 2007 was his best year where he took home a whopping $10,111,510. It just proves winning the Grand Slams not only helps the Tennis resumé it also boosts the bank balance.
Even if you class 2008 as a bad year in terms of titles and painful slam losses he still walked away with $5,883,079, not so sure you can call that a bad year now
Total Career Prize Money to date (as of December 2012): $76,014,777
Where else does Federer make his money?
Although the prize money Roger receives from the tournaments he plays in is more than enough to live off that’s not where he makes most of his money. The bulk of his income comes in the way of sponsorship’s and endorsements. Just last month he signed a 5 year deal with Moët & Chandon worth $30 million.
According to the Forbes rich list Roger is currently the 5th highest paid athlete in the world and according to their statistics as of June 2012 earns $52.7 million per year.
Who Sponsors Roger Federer?
Federer has several sponsors/endorsement deals from clothing through to cars that contribute massively to his net worth; these include:
- Lindt Chocolate
- Gillette, Procter & Gamble (P&G)
- Credit Suisse
- Moët & Chandon
Other sponsors from previous years include SwissAir, Emmi (Swiss Dairy company), Maurice Lacroix (watches) and probably some others. If anyone knows please let me know in the comments below.
How much are these endorsement deals worth individually?
This is a tough question answer seen as though there’s so many but based on my research I have the following values:
2012 – Moët & Chandon – $6 million/year, contract worth $30 million over 5 years.
2010 – Mercedes-Benz – Unknown.
2009 – Credit Suisse – $2 million/year, contract worth $20 million over 10 years.
2009 – Lindt – Unknown, appears they’ve kept this deal under wraps. How very Swiss
2008 – Nike – $10 million/year, contract worth $100 million over 10 years.
2008 – Jura – $2.3 million/year, contract woth $16 million over 7 years.
2007 – Gillette – $3 million/year since 2007. Unknown when it expires.
2007 – National Suisse – Unknown value, extended in 2012 for a further 4 years.
2006 – Wilson – $2 million/year, lifetime deal as he’ll be an ambassador once he retires.
2006 – Rolex – $1.5 million/year, contract worth $15 million over 10 years.
2006 – NetJets – Unknown value. NetJets is owned by Berkshire Hathaway aka Warren Buffet so it’s likely to be a few $$.
How else does Roger make money?
As well as prize money and the various sponsorship and endorsements Roger also earns a large amount of money from Exhibition matches across the globe. Because he’s so popular in all four corners of the globe he’s able to command figures in excess of $1 million per appearance.
In fact in the recent Gillette tour of South America Roger reportedly earnt between $1.2 – $2 million per match, at 6 matches that’s a potential $12 million dollars.
As well as commanding high appearance fees for exhibitions; Roger is also able to generate income from appearance fees at regular ATP non mandatory events. He earns around 500,000 CHF for his appearance at Basel each year (on top of prize money) and also at any other events he chooses to play such as the ABN Amro Tournament in Rotterdam. His tight schedule means he can’t play that many Masters 250 and 500 tournaments in the year but I’d estimate he pulls in upwards of a $1 million for the ones he manages to turn out for.
There are also other avenues such as investments, stocks & shares and property that Roger will no doubt have dabbled in. He also owns an apartment in Wollerau, one in Dubai, a house is being built in Valbella and recently Roger bought the last piece of vacant land on the shores of Lake Zurich. Quite a tidy portfolio!
Of course he’s a Swiss native too so he’s able to take advantage of relaxed Tax laws. Imagine if he lived in the UK, he’d be giving up a big big chunk of his earnings and watching the UK government spend it unwisely. Anyway, enough politics; it’d also be interesting to see how much interest he makes per year on the cash he has in the bank, something tells me he’ll be getting a nice interest rate on his Credit Suisse account
So what is Roger Federer’s Net Worth?
Well it’s estimated to be around $200 million and according to Forbes between July 2011 and July 2012 he made $54.3 million.
With that figure he tops the list of the worlds highest paid tennis players. Forbes again report that he’s made made $241 million (£152million) – nearly quarter of a billion dollars – in the past six years alone.
The Swiss Business Magazine Bilan values him at between 200 and 300 million Swiss Francs which is around $220 million – $315 million.
It’s quite easy to see why Roger gets all these deals because he’s respected throughout the world. Tony Godsick put it very well a couple of years ago when he was interviewed by the Swiss press ahead of Roger’s appearance at the Australian Open:
Roger is a global icon and we see to it that his brand develops internationally, what makes him so attractive for all the big companies is the fact that he is Swiss. Switzerland is a small country with which one associates loyalty, luxury, precision and perfection. Now, whether he’s in France, Asia, the United States or elsewhere, he’s welcomed as though he were at home, it’s as though his country’s neutrality makes him a global citizen.
My estimate on Roger Federer’s Net Worth: in excess of $200 million and probably within touching distance of $300 million.
So yeah, he’s comfortable.
If anyone knows the value of the sponsorships/endoresements like National Suisse or Mercedes please let me know in the comments below and I’ll update the post accordingly.
And one final thing I’d like to add, despite all this cash; the great thing about Roger is that he’s never let the money effect him or his values and he’s stayed true to himself and his beliefs. He’s still the same guy really and if you watch some of his first interviews nothings changed (except maybe he’s a lot less nervous) and I guess that’s one of the reasons I’m one of his fans.
We’ve seen it a lot when other sportsmen in other sports hit the big time they simply give up and sit on their laurels, safe in the knowledge they don’t really need to perform to earn their money as they’ve done what they needed to do. For them the sport is just a means to an end but for Federer it’s different, he genuinely loves tennis and I think this quote from the man himself sums it up perfectly:
Sometimes you’re just happy playing. Some people, some media unfortunately don’t understand that it’s okay just to play tennis and enjoy it. They always think you have to win everything, it always needs to be a success story, and if it’s not obviously what is the point. Maybe you have to go back and think, Why have I started playing tennis? Because I just like it. It’s actually sort of a dream hobby that became somewhat of a job. Some people just don’t get that ever.
Hope you found it interesting. And P.S. If you’re reading this Roger I think you should sponsor this blog actually, I’d be happy with $1 million a year and I’d donate 50% back to the Roger Federer foundation!