Roger Federer announces retirement: Know his net worth, major sponsors and other details

One of the greatest men's tennis players of all time, Roger Federer, has made the decision to retire from the Grand Slam and ATP tournaments. Federer announced on Thursday that he was giving up competitive tennis. He is regarded as one of the GOATS in the sport and has won 20 Grand Slams.

The Laver Cup, which will be held in London the following week, will be Federer's final ATP competition.

Federer thanked his supporters and rivals for helping him along the way and stated that, at 41, he thinks the time has come to retire.

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According to celebritynetworth, Roger Federer has a net worth of $550 million. The tennis pro has received $130 million in prize money for playing the sport. In 2020, Federer rose to the position of highest-paid athlete globally. He dropped to No. 7 in 2022, though. Federer has secured contracts with many well-known companies; one of his longest is a 10-year, $300 million deal with Uniqlo.

Various media reports suggest that the athlete has a $70 million salary, and has made $90 million from endorsements. His famous and biggest sponsors include Moët Hennessy Louis Vuitton, Mercedes-Benz, NetJets, On, RIMOWA, Rolex, Sunrise Communications AG, Switzerland Tourism, etc.

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Taking to social media, the tennis player wrote: "I am 41 years old. I have played more than 1500 matches over 24 years. Tennis has treated me more generously than I ever would have dreamt. and now I must recognize when it is time end my competitive career."

Federer further thanked his wife Mirka who has stood by his side for every minute. He wrote: "She had warmed me up before finals, watched countless matches even whole over 8-months pregnant and has endured by goofy side on the road with my team for over 20 years."

In his farewell letter, the 20-time Grand Slam winner praised his parents and sister, claiming that without them, nothing would have been possible. He made sure to thank all of his coaches, both past and current.