Lance Armstrong Net Worth (Money & Salary)

Lance Armstrong Net Worth (Money & Salary)

Title: Lance Armstrong Net Worth (Money & Salary)
Last Updated: February 12, 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 was a hallmark of athletic excellence. As a professional cyclist and cancer survivor, he exemplified the limits of human endurance and success in sports. He first made a name for himself as an athlete during his high school years, clinching victory in the National Sprint-Course Triathlon in both 1989 and 1990 at just 16 years old. Throughout the early 90s, he advanced in the cycling world, becoming the first American to achieve multiple racing milestones. However, in 1996, he received a diagnosis of testicular cancer, which had also spread to his lungs and brain, leading him to step back from cycling for intense treatment. Returning to cycling in 1998, he became even more exceptional. Between 1999 and 2005, he won the Tour de France an astonishing seven times. Following his second retirement in 2005, he made a comeback in 2009 and competed sporadically until 2011. That was when the chaos erupted, revealing that the peak of his career from 1998 to 2005 might not have been as genuine as it appeared.

As is widely known, in October 2012, Armstrong faced a ban from professional racing due to accusations of steroid use. This led to him relinquishing his seven Tour de France medals and losing significant sponsorship deals with companies like Nike, Oakley, Trek, and Anheuser Busch.

Conversely, in his career, Lance has inspired countless cancer patients globally. His cancer foundation, which he is no longer involved with, has raised nearly $500 million for research since it started.

At the height of his career, Armstrong’s net worth reached $125 million and was rising quickly. He was considered the Michael Jordan of professional cycling. Like Jordan, at one time, Lance was among the world’s highest-paid athletes, earning over $20 million annually from endorsements and prize money. Even during his retirement, before the full impact of his scandals, he continued to rake in approximately $15 million each year from public speaking, appearances, and sponsorships.

Lost Fortune

In an interview with Oprah Winfrey in January 2013, where he admitted to doping, Lance estimated that he could lose around $75 million due to the fallout from endorsement deals, along with legal expenses. Had the U.S. Federal government proceeded with a lawsuit, they could have pursued him for $100 million. Ultimately, Lance settled 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 previous five years. He invested $100,000 in Uber when it was valued at just $3.7 million. At the time of this investment, he was unfamiliar with Uber and mistakenly thought he was purchasing shares of Twitter.

through the venture capital firm of Chris Sacca.

By December 2018, the private valuation of the company reached $120 billion. While Lance opted not to reveal the exact value of his Uber investment, it can be presumed to be quite valuable today, given his early involvement.

Upon learning this information, numerous less-credible news outlets hastily reported that Lance is likely a billionaire due to his Uber investment. While that would certainly be remarkable, it is inaccurate. At its highest point, Lance’s Uber investment was valued at $30 million—likely around $20 million after accounting for fees. Nevertheless, this is still a fantastic return on an initial investment of $100,000.

Getty ImagesGetty Images

Getty Images

Early Life

Lance Armstrong, originally named Lance Gunderson, was born on September 18, 1971, in Richardson, Texas, to parents Linda and Eddie. He has Dutch, Norwegian, and Canadian ancestry. When he was two years old, his parents divorced; his mother remarried the following year to Terry Armstrong, who subsequently adopted Lance’s surname.

Career Beginnings

Armstrong’s sports journey began with swimming at the City of Plano Swim Club. However, he soon transitioned to land racing and, at just 13 years old, won the Iron Kids Triathlon. A few years later, he became a professional triathlete and claimed the title of national sprint-course triathlon champion in 1989 and 1990.

Motorola Cycling Team

In 1992, Armstrong became a member of the Motorola Cycling Team. The subsequent year saw him achieve many victories, with the most notable being the World Road Race Championship in Norway. In 1994, he secured his second Thrift Drug Classic win and, in 1995, triumphed in the Clásica de San Sebastián and the Tour DuPont. He claimed the Tour DuPont title again in 1996 and made history as the first American to win La Flèche Wallonne.

Cancer Battle

At 25 in 1996, Armstrong received a diagnosis of advanced testicular cancer. After undergoing an orchiectomy to remove the affected testicle, he was given a grim prognosis regarding his chances of survival. However, he received several effective treatments at the Indiana University medical center, which ultimately saved his life. By early 1997, he participated in the first training camp for the Cofidis team and was soon declared cancer-free.

Return to Cycling and Tour de France Titles

Having successfully battled cancer, Armstrong made his return to road racing. He secluded himself in North Carolina, training with former rider Bob Roll and cyclist Chris Carmichael in the Appalachians. Armstrong subsequently entered and won the Tour of Luxembourg, and also finished in the top five at the Vuelta a España. He won his first Tour de France in 1999, although this achievement was marred by doping allegations. Armstrong then went on to win six consecutive Tour de Frances, concluding in 2005, after which he announced his retirement.

Lance ArmstrongLance Armstrong

Tom Pennington / Getty Images

Final Cycling Years

In 2009, Armstrong returned from retirement aiming to compete in the Tour de France, ultimately finishing third with the Astana team. He raced again in the 2010 Tour de France, this time with Team RadioShack; it marked his final participation in the event. After encountering difficulties due to two crashes early in the race, he finished in 23rd place. Nonetheless, he found greater success in the team category, contributing to Team RadioShack’s victory over Caisse d’Epargne. Early in 2011, he made the decision to retire from competitive cycling amidst an ongoing federal investigation regarding doping allegations.

Doping Scandal

Throughout his professional career, Armstrong faced numerous doping accusations but consistently refuted them. The situation escalated into a significant scandal in 2010 when a fellow cyclist, Floyd Landis, confessed to doping and implicated Armstrong and others. This led to an investigation by federal prosecutors from the US Justice Department into Armstrong and his cycling team, which was eventually closed in early 2012 without any charges. Later that year, the United States Anti-Doping Agency formally accused Armstrong of doping based on blood samples and witness testimonies, which resulted in him being charged with operating a doping ring. Consequently, Armstrong was stripped of all his victories dating back to August 1998 and banned from all sports under the World Anti-Doping Code. Finally, Armstrong acknowledged his doping in early 2013.

Personal Life and Charity

Armstrong married Kristin Richard in 1998, and they had a son and twin daughters before parting ways in 2003. That same year, he began a relationship with singer-songwriter Sheryl Crow, getting engaged in 2005, but the couple ultimately separated in early 2006. Two years later, he started dating Anna Hansen, with whom he had a son and a daughter. The couple tied the knot in the summer of 2022. Armstrong also owns residences in Austin, Texas, and Aspen, Colorado. In Austin, he runs a coffee shop named Juan Pelota Cafe as well as a bike shop called Mellow Johnny’s.

One of Armstrong’s most notable contributions is the Lance Armstrong Foundation, which he established in 1997 to aid those affected by cancer. The Foundation has raised over $500 million from the sale of its well-known Livestrong bracelets. Additionally, Armstrong played a role in founding Athletes for Hope, an organization encouraging professional athletes to engage in charitable work, and financially supported Wonders & Worries, which assists children whose parents are battling serious illnesses.

Real Estate

During the peak of his career, Lance owned approximately $30 million in real estate worldwide, including luxurious properties in the Bahamas, the South of France, Spain, and his home state of Texas.

In 2013, Lance acquired a 3.6-acre property on Lake Austin for $4.34 million. Less than two months after the purchase, he sold the house for $5.35 million. In 2018, he sold a Tuscan-style mansion in Austin for $6.88 million. In 2008, he bought a mansion in Aspen, Colorado, for $9.175 million. Currently, Lance’s main residence is a 1.7-acre estate featuring a large Mediterranean-style mansion, estimated to be worth around $8 million.


Lance Armstrong Net Worth (Money & Salary)

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Data is recorded from 2023 and 2024, with projections extending to 2025 and 2026. We also expand the forecast 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 12, 2025

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