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Lance Armstrong Biography, Career, Net Worth And More

Lance Armstrong is an American professional cyclist, a public speaker and a well-known author. Lance Armstrong’s net worth is $50 million. It is said that Lance’s net worth was $125 million during the height of his career, and it was steadily increasing.

Lance Armstrong was once one of the world’s highest-paid athletes, earning up to $20 million a year in sponsorships and prize money. He continued to make around $15 million per year from public speaking, public appearance fees, and sponsorships for several years after his retirement, before his troubles fully burst.

As most people are aware, Armstrong was suspended from professional racing in October 2012 because due to the allegations that he took steroids. Lance had to give up his seven Tour de France medals and had to part ways with all of his key sponsors, including Nike, Trek, Oakley and Anheuser Busch. On the other hand, Lance Armstrong has been an inspiration to millions of cancer sufferers across the world during his career. Since its establishment, his cancer organisation, with which he is no longer connected, has raised approximately $500 million for research.

Lance estimated that the loss of sponsorship deals from these controversies may potentially cost him $75 million during his interview with Oprah Winfrey in January 2013, when he admitted of doping. If the case had gone to trial, the US government might have sued Lance for $100 million. Lance eventually resolved his claim for $5 million. 

Lance Armstrong Age: 50 years

Lance Armstrong Spouse: Kristin Richard (m. 1998–2003)

Lance Armstrong Children: Luke Armstrong, Olivia Marie Armstrong, Isabelle Armstrong, Max Armstrong, Grace Armstrong

Lance Armstrong Competitors: Jan Ullrich, Alberto Contador, George Hincapie, etc.

Lance Armstrong Organization Founded: Livestrong Foundation

Lance Armstrong Uber Investment

Lance told CNBC in December 2018 that his early investment in Uber “saved” his family financially over the preceding five years. Lance put $100,000 into Uber when the firm was worth $3.7 million. He had no idea what Uber was at the time and assumed he was purchasing Twitter shares through Chris Sacca’s venture capital business. Lance refused to reveal the actual amount of his Uber investment, but given how early he got engaged, it’s surely highly valuable now.

When this news broke, numerous less-reputable news sites stated that Lance is almost probably a millionaire as a result of his Uber investment. As cool as it might be, it’s not true. Lance’s Uber stake was worth $30 million at its height, according to a Bloomberg study. After fees, the figure is likely to be closer to $20 million. I was still an incredible return on a $100,000 investment.

Lance Armstrong Biography

Lance Armstrong was born in Plano, Texas on September 18, 1971. Linda Moonyham, his mother, nurtured him. Lance’s father, Eddie Charles Gunderson, abandoned the family when he was two years old. Lance began swimming and jogging when he was ten years old. He was already racing in cycling and triathlons at the age of thirteen. Armstrong eventually devoted his entire life to cycling. In his final year of high school, he was invited to Colorado Springs to train with the United States Air Force. Olympic training squad Lance finished 11th in the World Championship road race in 1989 and was awarded the United States’ national amateur champion. Lance raced in the 1992 Olympics and, despite finishing 14th, was selected to join the Motorola cycling team. Lance won the World Road Race Championship in Oslo, Norway, at the age of twenty-one.

Lance Armstrong was diagnosed with testicular cancer in 1996. His tumour had migrated to his stomach, lungs, and lymph nodes. His testicle was removed, and he underwent rigorous chemotherapy, which gave him a 65-85% chance of life. Doctors discovered cancer in his brain, reducing his prospects of life to 40%.

Lance was confirmed cancer-free in February 1997, thanks to surgery that removed the tumour and another round of chemotherapy. One of the only things that kept Lance going during his cancer treatment was the hope that he would one day race again. 

In 1998, Armstrong returned to cycling. In 1999, he won the Tour de Force France, becoming only the second American to do it. The next year, he won again. He went on to do quite well for himself in a number of races. He proclaimed his retirement in 2005, but he couldn’t stay away since he competed in the Tour de Force France again in 2009, finishing third. Lance would go on to win seven Tour de France gold.

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