Lance Armstrong Net Worth (Money & Salary)
Title: Lance Armstrong Net Worth (Money & Salary)
Last Updated: February 4, 2025
What is Lance Armstrong’s net worth?
Lance Armstrong is an American professional cyclist, author, and public speaker, boasting a net worth of $50 million. For nearly a decade, the name Lance Armstrong was associated with athletic excellence. This professional cyclist and cancer survivor epitomized the limits one could push their body to and exemplified how successful one could become in the realm of sports. He quickly made his mark as an athlete during high school, clinching the National Sprint-Course Triathlon title in both 1989 and 1990 at just 16 years old. Throughout the early 90s, he ascended the ranks of the racing world, becoming the first American to win several races. However, in 1996, he faced a diagnosis of testicular cancer, which had metastasized to his lungs and brain. Consequently, he stepped back from cycling to undergo rigorous treatment. By 1998, he made a comeback and, post-return, appeared more formidable than ever before. Between 1999 and 2005, he claimed the Tour de France title seven times. After retiring again in 2005, he returned to the sport in 2009 and participated intermittently until 2011. Then, a major controversy erupted. It became evident that the period from 1998 to 2005, during which he seemed invincible, was indeed too good to be true.
As widely known, in October 2012 Armstrong faced a ban from professional racing due to accusations of steroid use. As a result, he had to forfeit his seven Tour de France medals and lost major sponsorships, including those from Nike, Oakley, Trek, and Anheuser Busch.
On a different note, throughout his professional journey, Lance has served as a beacon of hope for countless cancer patients worldwide. His cancer foundation, which he is no longer affiliated with, has generated nearly $500 million for research since it was founded.
At the pinnacle of his career, Lance Armstrong’s net worth soared to $125 million and was rapidly increasing. Lance was regarded as the Michael Jordan of professional cycling. Like Michael, at one point, Lance was among the highest-earning athletes globally, pulling in approximately $20 million or more annually from endorsements and prize money. Even during several years of his retirement, prior to the major scandals, Lance continued to earn around $15 million each year from public speaking engagements, appearance fees, and sponsorship deals.
Lost Fortune
In January 2013, during his interview with Oprah Winfrey, where he confessed to doping, Lance approximated that the fallout from his scandals could ultimately lead to a loss of $75 million in endorsements, legal fees, and settlements. The U.S. Federal government could have pursued a lawsuit against Lance worth $100 million had the case gone to trial. In the end, he resolved that lawsuit for $5 million.
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Uber Investment
In December 2018, Lance informed CNBC that his early investment in Uber had “saved” his family financially over the last five years. He had invested $100,000 in Uber when its valuation was $3.7 million. At the moment of the investment, he was unaware of what Uber was, mistakenly believing he was purchasing shares of Twitter.
through Chris Sacca’s venture capital firm.
As of December 2018, the company held a private valuation of $120 billion. While Lance chose not to reveal the precise amount of his Uber investment, given his early involvement, it is likely to be highly valuable today.
In light of this news, many less-reputable news outlets hastily reported that Lance is almost definitely a billionaire due to his Uber investment. As appealing as that might be, it’s not accurate. At its peak, Lance’s Uber investment was valued at $30 million, but after fees, it was probably closer to $20 million. Nevertheless, this still represents a remarkable return from a $100,000 investment.
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Early Life
Lance Armstrong, originally named Lance Gunderson, entered the world on September 18, 1971, in Richardson, Texas, to parents Linda and Eddie. He has Dutch, Norwegian, and Canadian heritage. His parents divorced when he was two; the following year, his mother married Terry Armstrong, who then adopted Lance’s surname.
Career Beginnings
Armstrong kick-started his sports career as a swimmer for the City of Plano Swim Club. However, he soon transitioned to land racing, clinching victory in the Iron Kids Triathlon at the age of 13. A few years later, he became a professional triathlete and earned the title of national sprint-course triathlon champion in both 1989 and 1990.
Motorola Cycling Team
In 1992, Armstrong joined the Motorola Cycling Team. The subsequent year saw him victorious in several races, most notably winning the World Road Race Championship in Norway. In 1994, he claimed his second Thrift Drug Classic win and went on to secure the Clásica de San Sebastián and Tour DuPont in 1995. Armstrong repeated his victory at the Tour DuPont in 1996 and also made history as the first American to win the La Flèche Wallonne.
Cancer Battle
Diagnosed with advanced testicular cancer at 25 in 1996, Armstrong underwent an orchiectomy to remove the affected testicle, but was given a slim chance of survival. However, he pursued various treatments at the Indiana University medical center that ultimately saved his life. By early 1997, he attended the first training camp for the Cofidis team, soon after being 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. His journey led him to win the Tour of Luxembourg and secure a top-five finish in the Vuelta a España. In 1999, he achieved his first Tour de France win, although this victory was overshadowed by doping allegations. Armstrong proceeded to win six consecutive Tour de Frances through 2005 before announcing his retirement.
Tom Pennington / Getty Images
Final Cycling Years
In 2009, Armstrong returned from retirement with plans to participate in the Tour de France. He ultimately secured a third-place finish as a member of the Astana team. In 2010, he rode again in the Tour de France, representing Team RadioShack; this would mark his last tour. Unfortunately, due to the repercussions of two early crashes, he concluded the race in 23rd position. Nevertheless, he fared better in the team competition, where he assisted Team RadioShack in achieving victory over Caisse d’Epargne. In early 2011, amidst an ongoing federal investigation into doping accusations against him, Armstrong proclaimed his official retirement from competitive cycling.
Doping Scandal
Throughout much of his professional career, Armstrong faced accusations of doping, which he consistently refuted. The situation escalated into a major scandal in 2010 when cyclist Floyd Landis confessed to doping and implicated Armstrong and others in similar activities. This prompted an investigation by federal prosecutors from the US Justice Department into Armstrong and his cycling team. Ultimately, this investigation was closed in early 2012 without any charges. Later that same year, the United States Anti-Doping Agency accused Armstrong of doping based on blood samples and witness testimonies, leading to formal charges of operating a doping ring. Consequently, Armstrong was stripped of all his titles dating back to August 1998 and received a ban from all sports in accordance with the World Anti-Doping Code. Finally, in early 2013, he confessed to doping.
Personal Life and Charity
Armstrong married Kristin Richard in 1998; they welcomed a son and twin daughters before their divorce in 2003. That same year, he began a relationship with singer-songwriter Sheryl Crow, proposing to her in 2005. However, they parted ways in early 2006. Two years later, Armstrong began dating Anna Hansen, leading to the birth of a son and daughter. The couple tied the knot in the summer of 2022. Armstrong has residences in Austin, Texas, and Aspen, Colorado. In Austin, he owns a coffee shop called Juan Pelota Cafe and a bike shop known as Mellow Johnny’s.
One of Armstrong’s most impactful initiatives is the Lance Armstrong Foundation, which he established in 1997 to aid individuals affected by cancer. Through the sale of its famous Livestrong bracelets, the Foundation has raised over $500 million. He also played a role in founding Athletes for Hope, which encourages professional athletes to engage in charitable efforts, and supported Wonders & Worries, an organization that assists children with a parent facing a serious illness.
Real Estate
During the peak of his career, Lance accumulated a real estate portfolio valued at around $30 million, encompassing properties worldwide, including luxury homes in the Bahamas, southern France, Spain, and his home state of Texas.
In 2013, Lance purchased a 3.6-acre property on Lake Austin for $4.34 million but sold it less than two months later for $5.35 million. In 2018, he sold a Tuscan-style mansion in Austin for $6.88 million. His Aspen, Colorado mansion was acquired in 2008 for $9.175 million. Currently, his main residence is a 1.7-acre estate featuring a large Mediterranean-style mansion, valued at approximately $8 million.
Lance Armstrong Net Worth (Money & Salary)
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The data presented originates from 2023 and 2024, with projected figures provided for 2025 and 2026. Additionally, we extend our projections 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 4, 2025