Lance Armstrong Net Worth, Professional Road Racing Cyclist

Lance Edward Armstrong is a professional American former road racing cyclist. He became well-known worldwide for winning the Tour de France a record seven times in a row between 1999 and 2005. Still, his titles were cancelled when it was discovered that Armstrong had used performance-enhancing drugs during his career as part of the Lance Armstrong doping case, an investigation into adding demands.

Armstrong started triathlon competition at sixteen, and in 1989 and 1990, he won the national sprint-course triathlon title. He started riding professionally in 1992 with the Motorola team. Between 1993 and 1996, Armstrong achieved success with the World Championship in 1993, the Tour DuPont in 1995 and 1996, and the Clasica de San Sebastian in 1995. He also won a few stage wins in Europe, especially stage 8 of the 1993 Tour de France and stage 18 of the 1995 Tour de France.

In this article, we'll wonder at Lance Armstrong's earnings, personal life, and professional background.

Lance Armstrong Net Worth 2024

Lance Armstrong's net worth is estimated to be $50 million. During the height of his career, he had a $125 million net worth, and it was increasing quickly. He was professional cycling's Michael Jordan.

Like Mike, he used to be one of the highest-paid athletes in the world, routinely taking home more than $20 million annually from prize money and endorsement deals. Before his scandals took off, Lance earned about $15 million a year from speaking engagements, public appearance fees, and sponsorships for a few years after retiring.

Lost Fortune

When he first admitted to doping in an interview with Oprah Winfrey in January 2013, he calculated that the damage resulting from the scandals might ultimately cost him $75 million in lost endorsements, settlements from cases, and legal bills. If the case had gone to trial, He might have been sued by the US federal government for $100 million. He eventually paid $5 million to settle the matter.

Uber Investment

In December 2018, his family's financial situation over the past five years had been "saved" by his early investment in Uber. He made a $100,000 investment in Uber at its $3.7 million value.

He didn't know about Uber at the time he made the purchase, and he mistakenly believed he was purchasing Twitter shares via Chris Sacca's venture capital firm.

At its peak, Lance's Uber make was valued at $30 million. After fees, it was closer to $20 million. Even so, it is a fantastic return on a $100,000 investment.

Biography and Personal Life

Armstrong has a ranch in the Texas Hill Country and homes in Austin, Texas, and Aspen, Colorado. In June 1997, Armstrong got to know Kristin Richard. They were married on May 1, 1998, and have three children: twin daughters born in November 2001 and a son born in October 1999. Before undergoing chemotherapy and surgery, Armstrong banked his sperm three years prior, which is allowed for the pregnancies.

In 2003, the couple got divorced. In 2005, Armstrong's kids travelled to Paris for the Tour de France podium ceremony at his request. His son Luke helped his father lift the trophy, and his girls, dressed in yellow outfits, gripped a bouquet and a stuffed lion.

Politics

Teammate George Hincapie suggested in a New York Times piece that Armstrong might run for Texas governor after finishing his riding career. Armstrong hinted about a possible governor's race in the July 2005 issue of Outside magazine, but "not in '06".

Armstrong co-chaired a campaign committee in that state to pass the California Cancer Research Act, which voters in California rejected on June 5, 2012. If the plan had been approved, a $1 per pack tax on tobacco products would have been collected, raising over $500 million a year for cancer research, programs to help people quit smoking, and the enforcement of tobacco laws in California.

Outside Cycling

Armstrong founded the Lance Armstrong Foundation in 1997 to aid cancer patients. By selling yellow Live Strong wristbands, the charity has raised more than $325 million to support cancer awareness. He continued exploring other hobbies during his first retirement, which started following the 2005 season. In the 2006 Indianapolis 500, he raced the Chevrolet Corvette Z06 pace car.

Business and Investments

Armstrong is an active businessman and investor, as well as a cyclist. The "Juan Pelota Cafe" is the name of the coffee shop he runs in downtown Austin, Texas. With "Pelota" being the Spanish word for "ball" and "Juan" being a homophone for "one," the name is a playful reference to his testicular cancer.

Early Life

Lance Edward Gunderson, the future Armstrong, was born on September 18, 1971, at Methodist Hospital in Richardson, Texas. Born Gayle Mooney Ham, his mother, Linda Armstrong Kelly, grew up in Oak Cliff. Lance Rentzel, a wide receiver for the Dallas Cowboys, inspired Armstrong's name. Lance's mother remarried Terry Keith Armstrong in 1973, the year of his parents' divorce, and he adopted his stepfather's last name. He was a student of Senior High School Plano East.

Professional career

• In 1990, Eighth Tour of Sweden Overall
• In 1990, the Eighth Tour of Sweden Overall
• In 1991, National Junior Road Championships first road race
• In 1992, First Zuri-Metzgete
• In 1992, Second Stage 2 Trittico Premondiale
• In 1992, Eighth Coppa Bernocchi
• In 1993, Stage 1 of the Tour de France
• In 1993, the Second Tour DuPont Overall
• In 1993, the Third Tour of Sweden Overall
• In 1994, Stage 1 of the Tour de France
• In 1994, the Second Tour DuPont Overall
• In 1994, the Third Tour of Sweden Overall
• In 1995, the First Church of Saint Sebastian
• In 1995, Stage 18, first France Tour
• In 1995, Stage 5 First Paris-Nice
• In 1996, La Fleche Wallonne, first
• In 1996, Runner-Up Paris-Nice
• In 1996, Ronde van Nederland placed second overall
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Lance Armstrong Honors and Awards:

• Madrid-based Spanish sports daily Marca presented the Marca Legend Award in 2004.
• Best Male Athlete (ESPY Award) 2003, 2004, 2005, 2006
• GMC Professional Grade Play Award ESPY Award (2005)
• Best Comeback Athlete ESPY Award (2000)
• The 1999 ARETE Award for Courage in Sport (Professional Division) presented by ESPN/Intersport
• Athlete of the Year on ABC's Wide World of Sports (1999)

Reversal Awards

• Winner of the 2003 BBC Overseas Sports Personality of the Year Award.
• Tufts University awarded an honorary doctorate in humane letters in 2006.
• The Adelaide city key.
• Winner of the 2003 Laureus World Sports Award for Sportsman of the Year.
• Winner of the Comeback of the Year Award, Laureus World Sports Award (2000)

Frequently Asked Questions

Q. How did Lance Armstrong die?

While he withdrew from three of his four Tour attempts from 1993 to 1996, he did win the Tour de France stages in 1993 and 1995. After the Tour de France in 1996, Armstrong became unwell, with testicular cancer that had spread to his brain and lungs.

Q. What is Lance Armstrong doing now?

To improve his image and stay involved in sports, Armstrong now uses his platform to take on side projects and give back to his neighborhood. His current interests include podcast hosting, business investing, and helping others.

Q. To what extent did Lance Armstrong win stages?
According to an article, he had 22 stage wins, 11 ITT wins, and 3 TTT wins.