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Key
poi ts
ge e ated
by
AI,
ve ified
by
ews oom
-
Roge
Fede e ‘s
estimated
fo tu e
fell
below
o e
billio
dolla s. -
His
et
wo th
d opped
to
$952.4
millio
Tuesday
afte oo . -
O
Holdi g
sha es
plu ged
19%
afte
missi g
sales
expectatio s. -
Fede e
holds
2.5%
stake,
impacti g
his
pe so al
wealth.
Roge
Fede e
has
slipped
below
billio ai e
status
afte
a
sha p
fall
i
the
sha e
p ice
of
Swiss
spo tswea
compa y
O
Holdi g
wiped
mo e
tha
USD
52
millio
f om
his
estimated
fo tu e.
The
te is
lege d& squo;s
et
wo th
fell
to
USD
952.4
millio
as
of
12:30
p.m.
Tuesday,
acco di g
to
Fo bes
estimates
cited
i
the
epo t.
The
decli e
came
as
O
Holdi g
sha es
plu ged
a ou d
19%
followi g
the
compa y’s
latest
fi a cial
esults.
Why
Did
Roge
Fede e
Lose
His
Billio ai e
Status?
Why
Did
Roge
Fede e
Lose
His
Billio ai e
Status?
Fede e
ow s
a
estimated
2.5%
stake
i
O
Holdi g,
maki g
the
compa y’s
stock
pe fo ma ce
closely
tied
to
his
pe so al
fo tu e.
O
epo ted
seco d-qua te
et
sales
of
850.4
millio
Swiss
f a cs
(USD
1.04
billio ),
up
13%
yea -o -yea .
Howeve ,
the
figu e
missed
expectatio s
of
878.4
millio
f a cs
(USD
1.08
billio ).
The
disappoi ti g
eve ue
umbe
t igge ed
a
sha p
ma ket
eactio ,
with
O ‘s
sha es
falli g
a ou d
19%.
That
decli e
educed
the
value
of
Fede e ‘s
stake
a d
pushed
his
estimated
wealth
below
the
billio -dolla
ma k.
Fede e
Remai s
Close
To
The
USD
1
Billio
Ma k
Fede e
Remai s
Close
To
The
USD
1
Billio
Ma k
Despite
the
setback,
Fede e
emai s
just
u de
billio ai e
status.
The
20-time
G a d
Slam
champio
eti ed
i
2022
afte
a
24-yea
ca ee
du i g
which
he
ea ed
oughly
USD
131
millio
i
p ize
mo ey.
His
fo tu e
was
late
boosted
by
majo
e do seme t
deals,
i cludi g
his
pa t e ship
with
U iqlo,
as
well
as
his
i vestme t
i
O .
Fede e
joi ed
O
as
a
co-ow e
i
2019
a d
has
emai ed
closely
i volved
with
the
compa y.
His
stake
was
a
majo
facto
i
his
wealth
c ossi g
the
USD
1
billio
th eshold
i
2025.
I te esti gly,
O ‘s
fi a cial
esults
we e
ot
e ti ely
egative.
The
compa y
posted
105
millio
Swiss
f a cs
(USD
129.4
millio )
i
et
i come,
compa ed
with
a
40.9
millio -f a c
loss
du i g
the
same
pe iod
last
yea .
Its
g oss
p ofit
ma gi
also
i c eased
f om
61.5%
to
65.4%,
p ompti g
the
compa y
to
aise
its
full-yea
ma gi
outlook
to
65%.
Fo
Fede e ,
howeve ,
the
immediate
ma ket
eactio
was
e ough
to
take
his
estimated
fo tu e
back
below
the
billio ai e
milesto e.
