Billionaire Roger Federer Becomes $41M Richer as He Finally Lets Go of Lavish Swiss Property
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Roger Federer Just Made $4.1M From Selling His .
Roger Federer glorified tennis with his own hands for almost 24 years. Over the years, as he added one title after another to his name, he fell more in love with the sport (almost) every single day. But it’s safe to assume that wasn’t always the case, especially in 2011 – the first season since 2002 that he didn’t win a Grand Slam. While his on-court pursuits weren’t anything to write home about by Federer standards, an off-court investment sure caught a lot of attention. And that’s the same investment he’s let go of now.
As reported by NZZ, the Swiss Maestro bought the exclusive estate in question at the end of 2011 for “an extremely high sum” of around $34 million, taking over from real estate investor Peter Friedli. Located in the Swiss town of Herrliberg, the 5779 square meter plot offered an extraordinary view of the Alps and Lake Zurich but had no lakefront (as opposed to Federer’s current residence in Switzerland). While it’s unclear if he ever lived there, it became obvious that the property wasn’t of much use to the format World No. 1, considering he put it up for sale in 2019.
As Roger Federer bought the land for around $35 million, he may have been looking to profit from the resale. Land prices had almost doubled since the 43-year-old purchased the property in 2011, meaning the plot should’ve been worth around $70 million. However, the listing price was initially revealed to be around $41 million, which was considered quite high.
This huge price tag perhaps scared off potential buyers over the years, allegedly prompting Federer and his team to reduce the price. Per NZZ, the empty plot has now been sold to the Zurich-based Amini Group. While the real sale price is still a secret, “according to market experts, the sum is likely to be closer to 30 million francs than the 35 million originally demanded.” 30 million francs loosely converts to $35 million.
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