Lance Armstrong Net Worth (Money & Salary)

Lance Armstrong Net Worth (Money & Salary)

Title: Lance Armstrong Net Worth (Money & Salary)
Last Updated: February 5, 2025


What is Lance Armstrong’s net worth?

With a net worth of $50 million, Lance Armstrong is an American professional cyclist, author, and public speaker. For nearly a decade, the name Lance Armstrong represented athletic excellence. This professional cyclist and cancer survivor embodied how far one could push their body and the heights of success in sports. He emerged as a promising athlete while he was still in high school, clinching the National Sprint-Course Triathlon title in 1989 and 1990 at just 16 years old. Throughout the early 90s, he ascended in the racing arena, making history by becoming the first American to win several notable races. However, in 1996, he faced a testicular cancer diagnosis, which had also spread to his lungs and brain, prompting his retirement from cycling to undergo rigorous treatment. Returning to cycling in 1998, he appeared to be in better form than ever. Between 1999 and 2005, he seized the Tour de France title a remarkable seven times. After retiring again in 2005, he made a return in 2009 and participated sporadically until 2011. However, this golden period from 1998 to 2005 would later be revealed as one that raised many eyebrows.

As many are now well aware, October 2012 was a turning point when Armstrong faced a ban from professional racing due to doping allegations. He was compelled to forfeit his seven Tour de France medals and part ways with all his major sponsors, including Nike, Oakley, Trek, and Anheuser Busch.

On a positive note, Lance has served as a beacon of hope for countless cancer patients globally throughout his journey. Despite his disassociation, his cancer foundation has raised almost $500 million for research since it was established.

At the height of his career, Lance Armstrong’s net worth soared to $125 million and was on a rapid upward trend. He was likened to the Michael Jordan of professional cycling, and similar to Mike, he once stood as one of the highest-earning athletes worldwide, drawing in over $20 million annually from endorsements and prize winnings. Even during several years of his retirement, prior to his scandals surfacing, Lance maintained an income of about $15 million each year, thanks to speaking engagements, public appearances, and sponsorship deals.

Lost Fortune

During his January 2013 interview with Oprah Winfrey, where he confessed to doping, Lance estimated that his endorsement losses from the ensuing scandals could amount to $75 million when taking into account lost deals, legal settlements, and attorney fees. Had the lawsuit proceeded to trial, the U.S. Federal government might have sued him for $100 million. Ultimately, he settled the lawsuit for $5 million.

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Uber Investment

In December 2018, Lance revealed to CNBC that his initial investment in Uber had “saved” his family’s finances in the five years leading up to that point. Investing $100,000 into Uber at a time when the company’s valuation was just $3.7 million, he admitted that he was initially unaware of what Uber was and mistakenly believed he was purchasing shares of Twitter.

through the venture capital firm of Chris Sacca.

By December 2018, the company’s private valuation reached $120 billion. Although Lance chose not to reveal the precise value of his Uber investment, it is likely to be quite substantial today, given his early involvement.

After this news broke, numerous less-reputable news sources hastily speculated that Lance is almost certainly a billionaire due to his Uber investment. As appealing as that might be, it is inaccurate. At its highest point, Lance’s investment in Uber was valued at $30 million, likely closer to $20 million once fees are considered. Nonetheless, it remains an impressive return on his initial $100,000 investment.

Getty ImagesGetty Images

Getty Images

Early Life

Born Lance Gunderson on September 18, 1971, in Richardson, Texas, Lance Armstrong is the son of Linda and Eddie. His heritage includes Dutch, Norwegian, and Canadian roots. His parents divorced when he was two, and the year after, his mother remarried Terry Armstrong, who then adopted Lance’s surname.

Career Beginnings

Armstrong’s sporting journey commenced as a swimmer in the City of Plano Swim Club. However, he transitioned to land racing and, at just 13, triumphed in the Iron Kids Triathlon. A few years later, he turned professional in triathlon, ultimately becoming the national sprint-course triathlon champion in both 1989 and 1990.

Motorola Cycling Team

In 1992, Armstrong became a member of the Motorola Cycling Team. The next year proved successful, highlighted by his victory in the World Road Race Championship held in Norway. Armstrong claimed his second Thrift Drug Classic in 1994 and went on to win the Clásica de San Sebastián and the Tour DuPont in 1995. In 1996, he won the Tour DuPont again and made history as the first American to secure victory at La Flèche Wallonne.

Cancer Battle

Diagnosed with advanced testicular cancer at 25 in 1996, Armstrong faced a dire prognosis after undergoing an orchiectomy to eliminate the cancerous testicle. Despite being given a slim chance of survival, various treatments at the Indiana University medical center significantly improved his condition. By early 1997, he attended the initial training camp of the Cofidis team, soon thereafter being declared cancer-free.

Return to Cycling and Tour de France Titles

Following his victorious battle against cancer, Armstrong re-entered the realm of road racing. He secluded himself in North Carolina with former cyclist Bob Roll and trainer Chris Carmichael, rigorously training in the Appalachians. Armstrong first entered the Tour of Luxembourg, capturing that title, and then finished in the top five in the Vuelta a España. In 1999, he secured his first Tour de France victory, although it was marred by doping allegations. He continued his impressive streak, winning six consecutive Tour de Frances until 2005, after which he announced his retirement intention.

Lance ArmstrongLance Armstrong

Tom Pennington / Getty Images

Final Cycling Years

In 2009, Armstrong made a return from retirement with plans to participate in the Tour de France. Joining the Astana team, he secured third place in the competition. In 2010, he raced once again in the Tour de France, this time with Team RadioShack; it marked his final appearance in the event. Although hindered by the repercussions of two early crashes, he finished in 23rd place. His team, however, excelled, with Armstrong aiding Team RadioShack in defeating Caisse d’Epargne. In early 2011, he formally declared his retirement from competitive cycling amid an ongoing federal inquiry regarding doping claims against him.

Doping Scandal

Throughout much of his professional journey, Armstrong faced doping accusations but continuously refuted such claims. The allegations escalated to a full-fledged scandal in 2010 when cyclist Floyd Landis confessed to doping and implicated Armstrong and others. This led to federal prosecutors from the US Justice Department initiating an investigation into Armstrong and his cycling team. Ultimately, the inquiry was closed in early 2012 without any charges being filed. Later that same year, the United States Anti-Doping Agency accused Armstrong of doping based on blood samples and testimony, resulting in formal charges of operating a doping ring. Consequently, he was stripped of all victories dating back to August of 1998 and faced a ban from all sports under the World Anti-Doping Code. Finally, he confessed to doping in early 2013.

Personal Life and Charity

Armstrong entered into marriage with Kristin Richard in 1998; they had a son and twin daughters together before their divorce in 2003. That same year, he began a relationship with singer-songwriter Sheryl Crow, becoming engaged in 2005, though they ultimately separated in early 2006. In 2008, Armstrong began dating Anna Hansen, with whom he eventually had a son and a daughter. The couple wed in the summer of 2022. Armstrong possesses residences in both Austin, Texas, and Aspen, Colorado. In Austin, he operates Juan Pelota Cafe, a coffee shop, as well as Mellow Johnny’s, a bike shop.

A major focus of Armstrong’s efforts has been the Lance Armstrong Foundation, which he established in 1997 to assist individuals affected by cancer. The sale of the iconic Livestrong bracelets has generated over $500 million for the Foundation. Additionally, Armstrong played a role in founding Athletes for Hope, aimed at engaging professional athletes in charitable endeavors, and provided support for Wonders & Worries, an organization that aids children with a seriously ill parent.

Real Estate

At the peak of his career, Lance amassed a global real estate portfolio valued at $30 million, which includes luxurious estates in the Bahamas, South of France, Spain, and his home state of Texas.

In 2013, he acquired a 3.6-acre property on Lake Austin for $4.34 million, selling it just under two months later for $5.35 million. Furthermore, in 2018, he sold a Tuscan-style mansion in Austin for $6.88 million. In 2008, he purchased an Aspen, Colorado mansion for $9.175 million. Currently, his primary residence spans 1.7 acres featuring a spacious Mediterranean-style mansion, estimated to be worth around $8 million.


Lance Armstrong Net Worth (Money & Salary)

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The data spans 2023 and 2024, with projections extending into 2025 and 2026. We also included forecasts for 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 5, 2025

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