Lance Armstrong Net Worth (Money & Salary)
Title: Lance Armstrong Net Worth (Money & Salary)
Last Updated: February 8, 2025
What is Lance Armstrong’s net worth?
With a net worth of $50 million, Lance Armstrong is recognized as an American professional cyclist, author, and public speaker. For nearly a decade, his name represented athletic excellence. As a professional cyclist and cancer survivor, he was seen as an embodiment of physical endurance and sporting success. Having begun his athletic journey in high school, he claimed victory in the National Sprint-Course Triathlon in 1989 and 1990 at just 16 years old. Throughout the early ’90s, he climbed the ranks of the racing scene, becoming the first American to triumph in several prestigious races. However, in 1996, he received a diagnosis of testicular cancer, which had also spread to his lungs and brain. Following his diagnosis, he stepped back from cycling to undergo intensive treatment. In 1998, he made a triumphant return to cycling, and his performance was remarkably impressive. Between 1999 and 2005, Armstrong won the Tour de France seven times. After retiring again in 2005, he returned to competition in 2009, racing intermittently until 2011. However, controversy soon overshadowed his achievements, with revelations suggesting that the period of success between 1998 and 2005 may have been unrealistically exceptional.
As is widely known, in October 2012, Armstrong faced a ban from professional racing due to allegations of steroid use. As a result, he surrendered his seven Tour de France medals and experienced the loss of major sponsorships, including those from Nike, Oakley, Trek, and Anheuser Busch.
Conversely, throughout his career, Armstrong has served as a beacon of hope for millions of cancer patients worldwide. Although he is no longer linked to the organization, his cancer foundation has generated almost $500 million for research since its establishment.
During the height of his career, Armstrong’s net worth surged to $125 million and continued to grow at a rapid pace. He was often likened to Michael Jordan in the realm of professional cycling. Much like Michael, Armstrong was at one point among the highest-earning athletes globally, consistently raking in over $20 million annually from endorsements and prize money. Even after retiring, prior to the full emergence of his scandals, he maintained earnings of approximately $15 million each year through speaking engagements, public appearances, and sponsorships.
Lost Fortune
In a January 2013 interview with Oprah Winfrey, during which he acknowledged his doping history, Armstrong estimated that the fallout from his scandals related to endorsement deals could lead to losses of about $75 million, encompassing lost endorsements, legal settlements, and attorney fees. The U.S. Federal government had the option to pursue a lawsuit against him seeking $100 million if the case proceeded to trial; however, Armstrong ultimately reached a settlement for $5 million.
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Uber Investment
In December 2018, during an interview with CNBC, Lance revealed that his early stake in Uber had “saved” his family’s financial situation over the previous five years. He had invested $100,000 in Uber when its valuation stood at $3.7 million. Interestingly, at the time of the investment, he was unaware of what Uber truly was and mistakenly thought he was purchasing Twitter shares.
through the venture capital firm of Chris Sacca.
As of December 2018, the valuation of the company privately stood at $120 billion. Although Lance chose not to share the precise value of his Uber investment, it’s likely quite significant considering his early involvement.
Upon receiving this information, several less-reputable news organizations reported without verification that Lance is nearly a billionaire due to his Uber investment. While that would be remarkable, it is inaccurate. At its highest point, Lance’s Uber stake was valued at $30 million, likely closer to $20 million after fees. Nevertheless, that represents an incredible return on a $100,000 investment.
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Early Life
Lance Armstrong, born Lance Gunderson on September 18, 1971, in Richardson, Texas, is the son of Linda and Eddie. His heritage includes Dutch, Norwegian, and Canadian roots. His parents divorced when he was two, and the next year, his mother married Terry Armstrong, who then adopted Lance’s surname.
Career Beginnings
Beginning his sports career as a swimmer in the City of Plano Swim Club, Armstrong soon transitioned to land racing, claiming victory in the Iron Kids Triathlon at just 13 years old. A few years later, he turned professional as a triathlete, securing national sprint-course triathlon championship titles in both 1989 and 1990.
Motorola Cycling Team
In 1992, Armstrong became a member of the Motorola Cycling Team. The following year saw him triumph in various races, including the World Road Race Championship held in Norway. He achieved his second Thrift Drug Classic victory in 1994 and clinched the Clásica de San Sebastián and the Tour DuPont in 1995. Armstrong repeated his Tour DuPont win in 1996 and was the first American to conquer the La Flèche Wallonne.
Cancer Battle
At age 25 in 1996, Armstrong faced an advanced testicular cancer diagnosis. While he underwent an orchiectomy to remove the affected testicle, doctors informed him of a low survival chance. Nonetheless, he received lifesaving treatment at Indiana University Medical Center. By early 1997, after attending his first training camp with the Cofidis team, he was declared cancer-free.
Return to Cycling and Tour de France Titles
After successfully combating cancer, Armstrong returned to road racing. He secluded himself in North Carolina, training in the Appalachians alongside former cyclist Bob Roll and cyclist Chris Carmichael. Subsequently, he entered and won the Tour of Luxembourg, followed by a top five finish at the Vuelta a España. In 1999, he claimed his first Tour de France victory, though his achievements were marred by doping allegations. Armstrong went on to win six consecutive Tour de Frances until 2005, after which he announced his retirement.
Tom Pennington / Getty Images
Final Cycling Years
In 2009, Armstrong made a return from retirement aiming to compete in the Tour de France. He ended up finishing third as a member of the Astana team. In 2010, he took part in the Tour de France again with Team RadioShack, marking his last participation in the event. After experiencing the effects of two crashes early in the race, he placed 23rd. Nevertheless, he achieved greater success in the team category, aiding Team RadioShack in defeating Caisse d’Epargne. Shortly after, in early 2011, he declared his formal retirement from competitive cycling amidst a federal investigation concerning doping allegations against him.
Doping Scandal
Throughout much of his professional career, Armstrong faced accusations of doping, which he consistently refuted. The controversy escalated into a scandal in 2010 when cyclist Floyd Landis confessed to doping and implicated Armstrong, among others. This led to an investigation by federal prosecutors from the US Justice Department, which was ultimately closed in early 2012 without any charges. Later that same year, the United States Anti-Doping Agency charged Armstrong with doping based on blood samples and witness testimonies, alleging he operated a doping scheme. Consequently, Armstrong was stripped of all his victories from August 1998 onward and received a ban from all sports in accordance with the World Anti-Doping Code. In early 2013, he ultimately confessed to doping.
Personal Life and Charity
Armstrong married Kristin Richard in 1998, and they had a son and twin daughters before their divorce in 2003. Later that year, he began a relationship with singer-songwriter Sheryl Crow, getting engaged in 2005, but the couple parted ways in early 2006. In 2008, Armstrong began dating Anna Hansen, and together they welcomed a son and a daughter, ultimately tying the knot in the summer of 2022. He owns residences in both Texas and Colorado, including a coffee shop named Juan Pelota Cafe and a bike shop called Mellow Johnny’s in Austin.
A major project for Armstrong has been the Lance Armstrong Foundation, established in 1997 to assist individuals affected by cancer. Through the sales of the iconic Livestrong bracelets, the Foundation has raised over $500 million. Armstrong also played a role in founding Athletes for Hope, which encourages professional athletes to engage in charitable activities, and helped to finance Wonders & Worries, an organization that supports children dealing with a parent’s serious illness.
Real Estate
During the peak of his career, Lance accumulated $30 million worth of real estate around the world, including luxurious mansions in locations such as the Bahamas, the South of France, Spain, and Texas.
In 2013, he purchased a 3.6-acre property on Lake Austin for $4.34 million, selling it for $5.35 million within two months. In 2018, he sold a Tuscan-style mansion in Austin for $6.88 million. Additionally, in 2008, he acquired a mansion in Aspen, Colorado for $9.175 million. As of now, his primary residence is a large Mediterranean-style mansion situated on a 1.7-acre property, with an estimated value of around $8 million.
Lance Armstrong Net Worth (Money & Salary)
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The data provided is from 2023 and 2024 while the forecast extends to 2025 and 2026. Additionally, projections have been made 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 8, 2025