Lance Armstrong Net Worth (Money & Salary)

Lance Armstrong Net Worth (Money & Salary)

Title: Lance Armstrong Net Worth (Money & Salary)
Last Updated: February 6, 2025


What is Lance Armstrong’s net worth?

An American professional cyclist, author, and public speaker, Lance Armstrong boasts a net worth of $50 million. For nearly a decade, the name Lance Armstrong was emblematic of athletic excellence. The cyclist, who also conquered cancer, represented the pinnacle of physical endurance and success within the realm of sports. While still in high school, he emerged as a notable athlete, securing victories in the National Sprint-Course Triathlon in both 1989 and 1990 at the age of 16. Throughout the early 1990s, he ascended in the cycling world, becoming the first American to claim numerous victories. However, in 1996, his diagnosis of testicular cancer changed everything; the disease had spread to his lungs and brain, leading him to retire from cycling to pursue intensive treatment. In 1998, he made a comeback, and seemingly returned even stronger than before. Between 1999 and 2005, he achieved the remarkable feat of winning the Tour de France seven times. After retiring again in 2005, he returned in 2009 and participated sporadically until 2011. It was then that the tumult began; it was revealed that his period of dominance from 1998 to 2005 was riddled with controversies.

As most people are now aware, Lance faced a ban from professional racing in October 2012 due to steroid use allegations. This led to the forfeiture of his revered seven Tour de France medals and the loss of major sponsorships, including those withNike, Oakley, Trek, and Anheuser Busch.

Conversely, throughout his journey, Lance became a beacon of hope for innumerable cancer patients globally. Though he no longer is involved, his cancer foundation has successfully raised nearly $500 million for research since its inception.

At the height of his career, Lance Armstrong’s net worth soared to $125 million, increasing rapidly. He was akin to the Michael Jordan of professional cycling. Much like Jordan, at one point, Lance ranked among the top-earning athletes globally, earning upwards of $20 million annually from endorsements and prize winnings. Even during several years of retirement, prior to the major scandals erupting, he continued to draw in approximately $15 million each year from speaking engagements, public appearance fees, and sponsorships.

Lost Fortune

During a January 2013 interview with Oprah Winfrey, in which he confessed to doping, Lance assessed that he could face a loss of $75 million due to the fallout from his endorsement deals, legal fees, and settlements. Furthermore, the U.S. Federal government could have pursued a lawsuit against him amounting to $100 million, had it gone to trial. Ultimately, Lance settled this lawsuit for $5 million.

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Uber Investment

In December 2018, Lance shared with CNBC that his initial investment in Uber had “saved” his family financially over the past five years. He invested $100,000 in Uber when the company had a valuation of $3.7 million. At the time of the investment, he was unaware of what Uber was and mistakenly believed he was purchasing Twitter shares.through Chris Sacca’s venture capital firm.

By December 2018, the company had achieved a private valuation of $120 billion. While Lance chose not to reveal the precise worth of his Uber investment, given his early involvement, it is likely to be quite valuable today.

Upon discovering this news, several less-reputable news outlets reported, without verification, that Lance is almost certainly a billionaire due to his Uber investment. Although that would be remarkable, it is inaccurate. At its height, Lance’s Uber investment reached $30 million, though it likely sits closer to $20 million after accounting for fees. Nevertheless, this marks an incredible return on a $100,000 investment.

Getty ImagesGetty Images

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Early Life

Born Lance Gunderson on September 18, 1971, in Richardson, Texas, Lance Armstrong is the son of Linda and Eddie and has Dutch, Norwegian, and Canadian ancestry. When he was just two years old, his parents divorced; a year later, his mother married Terry Armstrong, and Lance took on his stepfather’s surname.

Career Beginnings

Initially, Armstrong started his sports career as a swimmer at the City of Plano Swim Club. However, he quickly transitioned to land racing, winning the Iron Kids Triathlon at just 13 years old. A few years later, he became a professional triathlete and secured national sprint-course triathlon championships in both 1989 and 1990.

Motorola Cycling Team

Armstrong became part of the Motorola Cycling Team in 1992. The following year, he achieved numerous victories, most notably clinching the World Road Race Championship in Norway. In 1994, he claimed his second Thrift Drug Classic and in 1995, he won the Clásica de San Sebastián and the Tour DuPont. The Tour DuPont was once again awarded to him in 1996, making him the first American to win the La Flèche Wallonne.

Cancer Battle

At 25 years old, in 1996, Armstrong received a diagnosis of advanced testicular cancer. He underwent an orchiectomy to remove the affected testicle, but was informed of a slim chance of survival. However, following various effective treatments at the Indiana University medical center, he overcame the illness. By early 1997, he was at the first training camp of the Cofidis team and soon after was declared cancer-free.

Return to Cycling and Tour de France Titles

After triumphing over cancer, Armstrong made his comeback to road racing. He secluded himself in North Carolina alongside former rider Bob Roll and cyclist Chris Carmichael, training in the Appalachians. He later entered and won the Tour of Luxembourg, finishing in the top five of the Vuelta a España. In 1999, Armstrong claimed his first Tour de France title, although his accomplishments were marred by doping allegations. He continued to win the subsequent six Tour de Frances until 2005 when he declared his intention to retire.

Lance ArmstrongLance Armstrong

Tom Pennington / Getty Images

Final Cycling Years

In 2009, Armstrong made his return from retirement aiming to participate in the Tour de France. Ultimately, he concluded the competition in third place as part of the Astana team. The following year, in 2010, he took part in the Tour de France again, this time representing Team RadioShack; it marked his last tour. After suffering from the effects of two crashes early in the stage, he finished in 23rd position. However, he performed better in the team competition, contributing to Team RadioShack’s victory over Caisse d’Epargne. In early 2011, amid an ongoing federal probe into doping allegations against him, he declared his official retirement from competitive cycling.

Doping Scandal

Throughout much of his professional journey, Armstrong faced doping accusations but consistently refuted these claims. The situation escalated into a significant scandal in 2010 when cyclist Floyd Landis confessed to doping and implicated Armstrong, among others. This led to federal prosecutors from the US Justice Department initiating an investigation into Armstrong and his cycling team. However, this investigation was concluded in early 2012 without any charges. Later that same year, the United States Anti-Doping Agency accused Armstrong of doping, based on blood tests and testimonies from witnesses; he was formally charged with operating a doping scheme. Consequently, all his victories since August 1998 were stripped away, and he was banned from all sports under the World Anti-Doping Code. Ultimately, he came clean about doping troubles in early 2013.

Personal Life and Charity

Armstrong married Kristin Richard in 1998, with whom he had a son and twin daughters before their divorce in 2003. In the same year, he began a relationship with singer-songwriter Sheryl Crow and got engaged in 2005. However, they broke up in early 2006. A couple of years later, he entered into a relationship with Anna Hansen, leading to the birth of a son and daughter. The couple tied the knot in the summer of 2022. Armstrong possesses residences in Austin, Texas, and Aspen, Colorado, where he runs a coffee shop known as Juan Pelota Cafe and a bicycle shop named Mellow Johnny’s.

The establishment of the Lance Armstrong Foundation in 1997 has been one of Armstrong’s most impactful efforts, aimed at supporting individuals affected by cancer. Through the sales of its renowned Livestrong bracelets, the Foundation has gathered over $500 million. Armstrong also played a pivotal role in creating Athletes for Hope, an initiative designed to inspire professional athletes to engage in charitable activities, and contributed financially to Wonders & Worries, which assists children of parents dealing with severe illnesses.

Real Estate

During his peak career years, Lance accumulated real estate holdings worth $30 million which spanned across various locations, including lavish homes in the Bahamas, the South of France, Spain, and his home state of Texas.

In 2013, Lance purchased a 3.6-acre property on Lake Austin for $4.34 million, selling it less than two months later for $5.35 million. He sold a Tuscan-style mansion in Austin for $6.88 million in 2018. His acquisition of a mansion in Aspen, Colorado, in 2008 came at a cost of $9.175 million. Currently, Lance resides in a primary mansion situated on a 1.7-acre estate featuring an expansive Mediterranean-style home, valued at approximately $8 million.

 


Lance Armstrong Net Worth (Money & Salary)

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Data originates from 2023 and 2024, with projections extending to 2025 and 2026. We also broaden the forecast data to include 2027 and 2028.

 



* This information was taken from various sources around the world, including these countries:

Australia, Canada, USA, UK, UAE, India, Pakistan, Philippines, Indonesia, Nigeria, Tanzania, Kenya, US, United Kingdom, United States of America, Malaysia, U.S., South Africa, New Zealand, Turkey, United Arab Emirates.

Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan.

Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi.

Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling Islands), Colombia, Comoros, Congo, Cook Islands, Costa Rica, Cote D’Ivoire (Ivory Coast), Croatia (Hrvatska), Cuba, Cyprus, Czech Republic.

Denmark, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, Metropolitan, French Guiana, French Polynesia, French Southern Territories.

Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy.

Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, North Korea, South Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg.

Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Myanmar.

Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand (NZ), Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway.

Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe.

Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and South Sandwich Islands, Spain, Sri Lanka, St. Helena, St. Pierre and Miquelon, Sudan, Suriname, Svalbard and Jan Mayen Islands, Swaziland, Sweden, Switzerland, Syria.

Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates (UAE), UK (United Kingdom), USA (United States of America, U.S.), US Minor Outlying Islands.

Uruguay, Uzbekistan, Vanuatu, Vatican City State (Holy See), Venezuela, Vietnam, Virgin Islands (British), Virgin Islands (US), Wallis and Futuna Islands, Western Sahara, Yemen, Yugoslavia, Zaire, Zambia, Zimbabwe.


 


 
Post Title: Lance Armstrong Net Worth (Money & Salary)
Last Updated: February 6, 2025