The tennis legend is now reportedly a billionaire and joins the likes of LeBron James and Lionel Messi, who have leveraged their success in their respective sport to the next level. According to Forbes, Federer's net worth boost is due to the "significant minority stake in publicly traded Swiss shoe and apparel brand On."

Roger Federer is officially one of the highest-paid tennis players — and richest people — ever. On Friday2, Forbes announced Federer, 44, had increased his net worth to $1.1 billion. The outlet, which regularly publishes the wealth status and rankings of celebrities and notable figures,

Justin Birnbaum of Forbes reported Friday the publication estimates Federer's net worth to be $1.1 billion. That makes him one of seven athletes to reach such billionaire status and puts him alongside some of the most notable names in sports history: There is no doubt Federer made some of his fortune on the tennis court.