Lance Armstrong net worth has changed rapidly throughout the years. He is famous for being the winner of seven Tour de France titles and is an inspiration for millions of young cyclists.
Lance Armstrong is a professional cyclist, public speaker, and author. He started a career in sports at a young age. Over the years, he became one of the most successful and highly-paid cyclists in the world.
Nonetheless, due to doping allegations, he lost almost everything he had, including his famous titles. How rich is Lance Armstrong today? Let's explore his financial journey and the events that shaped his life.
Table of Contents
- Biography
- How much is Lance Armstrong net worth?
- How did Lance Armstrong make his money?
- Lance Armstrong doping allegations
- What is Lance Armstrong doing now?
- Where does Lance Armstrong live?
Biography
| Full Name | Lance Edward Armstrong |
|---|---|
| Date of Birth | September 18, 1971 |
| Place of Birth | Plano, Texas, USA |
| Career | Cyclist, Public Speaker, Author |
| Notable Achievements | Seven-time Tour de France Winner |
How much is Lance Armstrong net worth?
As of 2021, Lance Armstrong net worth is estimated at $50 million. This sum could have been much more significant, as at the peak of his career, his net worth amounted to a staggering $150 million.
His career as a cyclist was the primary source of his earnings. After leaving sports, he went into various business ventures, which continued to contribute to his wealth.
How did Lance Armstrong make his money?
Lance Armstrong's interest in sports began at an early age when he participated in swimming and cycling competitions. He was even recruited by the junior national team of the U.S. Cycling Federation before graduating high school.
In 1990, Armstrong won the U.S. Amateur Championships. After joining the Motorola team in 1992, he turned professional and quickly made a name for himself.
His impressive accomplishments include becoming the second youngest man to win in world road racing and winning stages of the Tour de France in 1993 and 1995.
Lance Armstrong doping allegations
Armstrong made headlines not just for his sporting achievements but also for his involvement in doping-related scandals. Reports emerged that he had taken performance-enhancing drugs, leading to the annulment of some of his titles.
In April 2010, fellow cyclist Floyd Landis revealed that he and other teammates, including Armstrong, were involved in doping. This led to a federal investigation that concluded in February 2012.
The U.S. Anti-Doping Agency (USADA) alleged Armstrong and five associates had been part of a decade-long doping conspiracy, resulting in a lifetime ban and the loss of all his titles from August 1998 onward.
What is Lance Armstrong doing now?
After his ban from professional cycling, Armstrong shifted his focus to media, charity, and business ventures. He established the Lance Armstrong Foundation, which supports cancer research and advocacy.
Additionally, he produced a two-part documentary titled LANCE for ESPN, which chronicles his life, career, and the doping scandal.
Armstrong also owns a coffee shop, Juan Pelota Café, and a bike shop, Mellow Johnny's, in Austin, Texas. He continues to engage with his fans through podcasts like The Forward and The Move.
Where does Lance Armstrong live?
Armstrong lived in the Camp Mabry area of Austin, Texas, for many years before selling his 1.7-acre estate. In 2013, he moved to a luxurious property in the Lake Austin area, reportedly purchased for $7.5 million.
Despite the significant reduction in his net worth due to scandals, Armstrong has managed to find new avenues for success, allowing him to stay afloat and begin anew.
Source: Legit.ng
