Roger Federer loses billionaire status due to the collapse of On (cross-border guide)

Context

In a nutshell

• Roger Federer's assets drop to $949 million
• The stock of the Swiss company On lost up to 19% on the stock exchange
• Federer's share in the company is estimated to be between 2.5% and 3%

Key facts

• What: Loss of billionaire status for Roger Federer
• When: Latest update to Forbes real-time estimates
• Where: Wall Street (stock market) and Zurich (headquarters On)
• Who: Roger Federer, partner and investor of On
• Amount: Current assets valued at CHF 770 million

Roger Federer is no longer on the list of world billionaires. According to real-time surveys provided by the American economic magazine Forbes, the former tennis star's overall wealth has slipped below the psychological and financial threshold of $1 billion. Currently, his assets are estimated at 949 million dollars, a figure that converted into the national currency corresponds to about 770 million francs. This sudden change is not due to overspending, but to the negative performance on the financial markets of one of his main entrepreneurial bets.

The main cause of this capital contraction can be traced to the sharp fall in the share price of On, the Swiss manufacturer of footwear and sportswear based in Zurich. During a recent trading session on Wall Street, the company's shares suffered a drastic decline, reaching

Operational details

L'uscita di Roger Federer dal club dei miliardari sottolinea quanto la ricchezza degli sportivi di alto livello sia oggi strettamente legata all'andamento delle borse e delle partecipazioni societarie. Federer era entrato ufficialmente nella lista dei miliardari di Forbes solo lo scorso anno, venendo celebrato come uno degli atleti più ricchi della storia. Tuttavia, il valore delle sue azioni in On rappresenta una parte preponderante del suo patrimonio netto, rendendo la sua posizione finanziaria soggetta alle fluttuazioni dei ricavi aziendali e del sentiment degli investitori globali.

Analizzando la situazione dal punto di vista dell'economia nazionale, On rimane una delle storie di successo più significative per l'imprenditoria svizzera recente, nonostante la battuta d'arresto a Wall Street. La società, che continua a mantenere il proprio centro operativo a Zurigo, ha saputo scalare i mercati internazionali grazie anche al contributo d'immagine del tennista basilese. Il calo del 19% del valore del titolo riflette però una sfida comune per molte aziende elvetiche quotate all'estero: la necessità di soddisfare previsioni di crescita estremamente ambiziose in un contesto di mercato globale molto competitivo.

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Key points

For Swiss residents who own shares or corporate participations, it is essential to understand how these assets affect their overall tax position. In Switzerland there is no federal tax on assets, but it is levied at the cantonal and communal level. The change in Federer's wealth, although it occurred on a foreign market such as Wall Street, has direct implications for his tax return and asset declaration in Switzerland. Taxpayers must declare the market value of their securities, and fluctuations like the 19% recorded by On can significantly alter the annual tax burden.

Procedure for declaring securities

When a loss in value occurs in one's portfolio of shares, it is important to follow the procedures set by the cantonal tax authorities. Here are the key steps for Swiss taxpayers: 1. Obtain the official list of courses published by the Federal Tax Administration (AFC/ESTV) for the fiscal year closure. 2. Correctly enter each held security in the list of securities of one's tax return. 3. Check whether losses on the stock exchange can be offset with possible capital gains, keeping in mind that for private individuals, capital gains on movable assets are usually tax-exempt, but losses are not deductible from taxable income. 4. Consult the annual bank statements to ensure that the declared value matches the one recorded on December 31.

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