Roger Federer of Switzerland celebrates after defeating Denis Istomin of Uzbekistan at the Swiss Indoors ATP tennis tournament in Basel October 23, 2014. REUTERS/Arnd Wiegmann
The 17-time Grand Slam champion Roger Federer is the highest-paid tennis athlete inside the top ten with $56.2 million. He received $52 million from his endorsements with Nike, Rolex, Lindt chocolate, Credit Suisse, Moet & Chandon, Gillette, and more. According to Forbes, Federer gets paid $40 million by his sponsors every year. REUTERS

Roger Federer, the 33-year old world known tennis player was named Swiss Sportsman of the Year during a televised Zurich gala. The award was awarded to him for the sixth time already following his victory over Stan Wawrinka, who is the winner of the Australian Open on January. During the event, Olympic gold medal skier Dominique Gisin was also named and voted as the country's 2014 top sportswoman.

The Swiss Sports Personality of the Year is an annual award given to top world players. Dating back 1950, the award used to be chosen by the Swiss newspaper Sport until it was discontinued in the 1990s. As it was revived and finally brought back to life, the Swiss Sports Personality of the Year award is now given to players chosen by Swiss journalists and TV spectators. Roger Federer first bagged this award in 2003, followed by his successive wins and entitlement to the title in 2004, 2006, 2007, 2012, and finally, this year, 2014.

Federer beat Dario Cologna, a cross-country ski champion who held the top sportsman title and award last year. Federer came in ahead of Cologna and leaving Wawrinka at third place. Wawrinka was voted for best sportsman in the country after he won the Australian Open on January and after his participation at the Davis Cup while the 29-year old ski Champion, Gisin was honoured for the gold medal he brought home after tying at the first place with Slovenian Tina Maze during the skiing downhill competition.

Maze, a native of Engleberg in the canton of Obwalden, has three World Cup races on her career list to brag. Among the awardees during the Zurich gala was runner Kariem Hussein, 25, who was named as the Newcomer of the Year by winning a gold medal in the 400-metre dash competition during the European athletic championship.

Although Federer won five straight ATP tournaments this year, and he helped the men's tennis team in Switzerland to bring home the year's Davis Cup, he was not able to land on a grand slam in 2014. Federer was able to reach the Wimbledon's finals though and ended as world no. 2 by the end of the season. Federer and Wawrinka were both first timers at the Davis Cup for the Swiss during their history.