Last Updated on 8 months by Anoob P T
In 2022, Lance Armstrong net worth is estimated to be $50 million-at the peak of his career he was worth $125 million. In this post, we are going to look at Lance Armstrong Net Worth and how he is still a millionaire with a net worth of $50 million.
| Lance Armstrong Net Worth: $50 Million (approx) | |
| Source of Net Worth | Investment in Uber (Ride Hailing company) |
| Real Estate Investments | $14.5 Million Home in Aspen |
| Business Investments | Uber |
| Age & Date of Birth | 50 years, September 18, 1971 |
| Gender | Male |
| Annual Salary | $1-2 Million |
| Profession | Professional Cyclist |
| Nationality | American |
This post is part of our series where we look at the lives of Influencers and how they managed to become wealthy.
Lance Armstrong Net Worth, Businesses & How Lance Armstrong Made Money
Table of Contents
Who is Lance Armstrong
Lance Edward Armstrong popularly known as Lance Armstrong is a former American professional cyclist. Between the years, 1999 to 2005, he won the coveted Tour de France seven consecutive times which was considered a feat given the fact that he recovered from testicular cancer.
However, he was stripped of all his winnings and records after he admitted to doping and cheating in all tournaments including that of Tour de France titles.
Lance Armstrong’s story is complex and there have been very detailed articles and even documentaries created about how he orchestrated the most complex cheating in cycling history.
Even though Lance Armstrong cheated and got caught, he earned a significant amount of money during his career which he had invested in other ventures due to which he still has the net worth of a celebrity.
Lance Armstrong Net Worth
Uber is now valued at almost $78 billion and Lance Armstrong had invested $100,000 in Uber through Chris Sacca.
Lance Armstrong’s investment is now valued anywhere between $30-40 million and he has said in an interview that this investment is what saved his family.
Lance Armstrong Net Worth 2021
In 2021, Lance Armstrong net worth was estimated to be between $40-50 million.
Lance Armstrong Net Worth 2020
In 2020, Lance Armstrong net worth was estimated to be between $30-50 million.
Lance Armstrong Net Worth 2019
In 2019, Lance Armstrong net worth was estimated to be more than $50 million because in 2019 Uber was valued at $82 billion and was going for IPO.
Lance Armstrong Net Worth 2014
In 2014, Lance Armstrong net worth was estimated to be less than $30 million because in 2014 Uber was valued at $17 billion after raising a funding of $1.2 billion.
Lance Armstrong Early Life
Lance Armstrong was born as Lance Edward Gunderson on September 18, 1971, at Methodist Hospital in Richardson, Texas. He has Canadian, Dutch, and Norwegian roots and his parents had divorced in 1973 when Lance was 2 years old.
His mother later married Terry Keith Armstrong who adopted Lance and thus he got the surname Armstrong.
Lance Armstrong started his sporting career as a swimmer at the City of Plano Swim Club and finished fourth in Texas state 1,500-meter freestyle.
Lance Armstrong Bio
| Real Name | Lance Armstrong |
| Nick Name | Le Boss |
| Date of Birth | September 18, 1971 (Age 50 years Old) |
| Zodiac | Virgo |
| Relationship Status | Dating Anna Hansen (Divorced Kristin Armstrong) |
| Height | 5 feet 10 inches or 177 cms |
| Weight | 170 lbs (75 kg) |
| Net Worth | $50 Million (approx) |
| Source of Wealth | Investment in Uber of $100,000, Podcasts, Cycling Merchandise |
| Nationality | American |
| Education | High School |
Lance Armstrong Career
Some of Lance Armstrong’s career highlights are:
In 1992 Lance Armstrong turned professional with the Motorola Cycling Team.
In 1993, Lance Armstrong won the World Road Race Championship held in Norway.
In 1994, Lance Armstrong won the Thrift Drug Classic.
In 1995, Lance Armstrong won the Clásica de San Sebastián.
It was during this period that Lance was diagnosed with testicular cancer and was undergoing treatment.
In 1999 Lance Armstrong won the Tour de France, including four stages.
From then, Lance won seven Tour de France titles till 2005 and then he made the announcement that he would be retiring and not taking part in Tour de France anymore.
Lance Armstrong Tour De France Wins
Lance Armstrong Tour De France Wins included from the years 1999 to 2005.
Lance Armstrong Cancer
In October 1996, Lance Armstrong was diagnosed with stage three testicular cancer also known as embryonal carcinoma in medical terms.
Lance Armstrong’s cancer had spread to lungs, brain, abdomen and even lymph nodes.
Armstrong underwent chemotherapy and his final treatment was on December 13, 1996.
In February of 1997, he was declared to be fully cured of cancer.
Lance Armstrong Doping
All through his career Lance Armstrong was under doping allegations but he always denied them.
In 2013, in an interview with Oprah Winfrey he admitted to doping and cheating through his career.
You can watch the video of Lance Armstrong admitting to doping on Oprahs show here
If you want to know the full history of doping allegations against Lance Armstrong, you can read this page.
Lance Armstrong Steroids
Lance Armstrong was accused of using multiple steroids and it was later confirmed that he had used EPO or erythropoietin.
EPO is produced in the kidneys and it is sometimes used by cyclists or other athletes to increase red blood cell counts.
This increases oxygen levels in the muscles thereby increase performance and improve recovery.
Lance also reportedly used Corticosteroids which is very similar to cortisol.
Also, Lance used additional doses of Testosterone to boost his performance.
How Lance Armstrong Made Money
As a professional cyclist winning the Tour de France after battling with cancer, Lance Armstrong was a celebrity in the sporting world.
Throughout his career, he made around $12 million in winnings from different tournaments.
Lance Armstrong also had endorsements with multiple brands which earned more than $20 million.
During the peak of Lance Armstrong’s career, his net worth was estimated to be around $125 million.
Lance Armstong had brand sponsorship deals from Nike Inc, AMD, Bontrager (a Trek company), Trek, Shimano, Oakley etc.
Lance Armstrong Wife
Lance Armstrong was married to Kristin Armstrong between the years 1998-2003.
Kristin was an athlete (runner) and contributing editor for Runner’s World magazine.
If you are wondering Why did Lance Armstrong get divorced?–then the answer is because the couple had a fallout and their marriage was not a happy one.
In one of Kristin’s articles, she mentioned that she was not feeling independent after her marriage and that is why Kristin and Lance decided to part ways.
Lance Armstrong Kids
Lance Armstrong has 5 kids. Three children are from his first marriage with Kristin who separated in 2003.
He is currently dating Anna Hansen and he as two more children in this relationship.
Lance Armstrong Kids’ names are Luke, Grace and Isabelle from his first marriage and Olivia and Max with his current relationship.
Lance Armstrong Bike
During his most famous wins, Lance Armstrong was using the Trek Madone bike.
Lance Armstrong Bike can go at a average speed of 41.7 kph (25.9 mph).
Lance Armstrong Podcast
After Lance Armstrong’s disgraced exit from the world of cycling, he started a podcast in what is considered to be a move to redeem himself.
Lance Armstrong’s first Podcast was called The Move.
This is the official link to Lance Armstrong’s The Move Podcast.
The podcast went to No.3 on Apple Podcast and was especially popular during the Tour de France.
It is estimated that this podcast generated around $1 million in revenue for Lance Armstrong.
He also started another Podcast called The Forward.
To know more about Lance Armstrong’s Podcasts, you can read this link.
Lance Armstrong Today (Where is Lance Armstrong Now)
After reading about all the controversies surrounding Lance Armstrong, you might be wondering Where is Lance Armstrong Now?
The truth is Lance Armstrong is still living a life of a millionaire and is doing pretty well.
When his doping scandal broke out, many sponsors backed out and he was sued by many companies including the United States government.
At one point, the United States government was demanding $100 million in damages, but later settled for $5 million which is considered to be a win for Lance Armstrong.
Lance Armstrong Documentary
The 30 for 30: Lance Armstrong documentary is the documentary that covers the life of disgraced cyclist and the events that made the life Lance Armstrong.
If you are interested, the documentary features some people who were very close to Lance Armstrong during the time of cheating and even features other professional riders who worked along-side Lance.
To watch the documentary, you can visit this official ESPN link and watch the documentary if it is available in your country.
Lance Armstrong Interview
Lance Armstrong Social Media Handles
Lance Armstrong is active on few social media handles, you can follow him using these handles if you are interested.
Lance Armstrong Instagram Handle
Frequently Asked Questions about Lance Armstrong Net Worth
What does Lance Armstrong do for a living now?
Lance Armstrong runs a coffee shop in Austin, Texas called Juan Pelota Cafe. He also has active investment in Uber, has multiple podcasts and runs a sports equipment company.
Did Lance Armstrong lose his medals?
Yes, Lance Armstrong was stripped off all his Tour de France medals.
Is Lance Armstrong still rich?
Yes, Lance Armstrong has a net worth of over $50 million, most of it is because of his investment in Uber of $100,000.
Is Lance Armstrong still wealthy?
Yes, Lance Armstrong has a net worth of over $50 million, most of it is because of his investment in Uber of $100,000.
How much did Lance Armstrong make from Uber?
Around $50 million.
Are Lance and Neil Armstrong related?
No, they are not related.
Did Lance Armstrong have cancer?
Yes, Lance Armstrong had testicular cancer.
Who got Lance Armstrong’s titles?
Five different riders finished second to Lance Armstrong- Alex Zulle, Jan Ullrich (3x), Joseba Beloki, Andreas Kloden, and Ivan Basso- they got the titles.
How much money did Lance Armstrong lose?
He was sued for $100 million but settled for $5 million.
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