What is the net worth of former cyclist Lance Armstrong? How much did he make through his investment into Uber?
There was a time when Lance Armstrong was one of the most famous sportspeople on the planet.
His story was miraculous – fighting back from testicular cancer to win the grueling Tour de France a record seven times to go with countless other wins and an Olympic Bronze medal from Sydney 2000.
However, allegations of doping dogged Armstrong throughout his career.
After retiring for a second time in 2011, he admitted in 2013 to Oprah Winfrey that he had taken performance-enhancing drugs.
All his results from August 1998 were voided.
What is Lance Armstrong’s current net worth? How did an investment in Uber turn out?
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Lance Armstrong net worth
During the height of his stripped Tour de France successes between 1999-2005, Armstrong held a significant number of blue chip sponsors.
The likes of Nike, Oakley and Discovery were all partners with Armstrong or his US Postal team that took won those successive Tours de France.
At it’s height, Lance Armstrong’s net worth was about $125 million.
After losing his sponsors, and paying some fines, it dropped considerably, but he still has a fair chunk of change in his pocket.
His current net worth is believed to be around the $50 million mark as per Celebrity Net Worth.
Uber investment works well
In 2009, before the doping scandal erupted and as he was making a comeback to professional cycling, Armstrong invested $100,000 into Uber – founded earlier that year
As the company has grown to have a revenue of over $17 billion, so has Armstrong’s initial investment.
An investigation by Bloomberg calculated that his investment in Chris Sacca’s Lowercase Capital returned about $30 million.
After certain fees had been deducted, the investigation found that Armstrong probably earned about $20 million from that investment.
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