Lance Armstrong Net Worth: Unlike many other celebrities whose net worth keeps going on increasing, Lance Armstrong has faced a huge downfall in his net worth. After getting banned from professional cycle racing, Lance Armstrong Net Worth as of 2021 is $50 million.
Lance Armstrong is a former professional road racing cyclist for America. He is the winner of seven consecutive Tour de France titles from 1999 to 2005. Due to being found guilty of using steroids, he was stripped of all of his achievements earned after August 1998 including the Tour de France titles.
At the peak of his career, Lance Armstrong’s net worth was over $125 million. His annual salary was $20 million in addition to his brand endorsements. Now, as of 2021, Lance Armstrong’s net worth is $50 million. To know more about his life and career, read the full post.
|Net Worth||$50 million|
|Occupation||Professional Road Racing Cyclist, Author, Public Speaker|
Lance Armstrong Biography
Lance Armstrong’s full life history is given in detail below. Here is a quick and brief introduction to Lance Armstrong.
|Celebrity Name||Lance Armstrong|
|Full Name||Lance Edward Armstrong|
|Born Name||Lance Edward Gunderson|
|Profession||Professional Road Racing Cyclist, Author, Public Speaker|
|Birth Date||18 September 1971|
|Birth Place||Richardson, Texas, U.S.|
|Spouse||Kristin Richard (1997-2003)|
|Net Worth (as of 2021)||$50 million|
|Last Updated||March 2021|
Lance Armstrong Early Life
Lance Armstrong was born on September 18, 1971, in Richard Texas. His born name is Lance Edward Gunderson. His parents are Linda Gayle, a secretary, and Eddie Charles Gunderson, a route manager for The Dallas Morning News. Lance is of Canadian, Dutch, and Norwegian descent. When he was 2 years old, his parents were divorced. In 1974, Lance’s mother married Terry Keith Armstrong who adopted him. From there, he became Armstrong.
Lance Armstrong Age, Height, and Weight
Lance Armstrong’s age is 49 currently. His height is 1.77 meters or 5 feet 9-and a half inches. Lance Armstrong’s weight is 75 kgs.
Lance Armstrong Career
Lance started his career in athletics at the age of 12. He joined the City of Plano Swim Club and came fourth in Texas state 1,500-meter freestyle. Then, he showed his interest in triathlon. He was the winner of the Iron Kids Triathlon at the age of 13.
At the age of 16, Lance Armstrong became a professional triathlete. He was the national sprint-course triathlon champion of 1989 and 1990. His first professional deal was with ith the Motorola Cycling Team in 1992. He got his breakthrough with his winning of the World Road Race Championship in Norway. In 1996. Lance was diagnosed with cancer and made a major comeback in 1997.
Lance was even more focused after his comeback from cancer. He was unstoppable in his success and won seven consecutive Tour de France titles from 1999 to 2005. He also won a bronze in the 2000 Summer Olympics. Lance took a second retirement in 2011.
In 2012, the United States Anti-Doping Agency (USADA) investigation confirmed that Lance Armstrong is guilty of using steroids and doping. Lance received a lifetime ban from sports. Until January 2013, he refused to accept the accusation. However, in 2013, he announced that he indeed participated in doping. All the titles he made after 1998 in August were taken back. The lawsuit with the United States Department of Justice settled to a fine of $5 million in April 2018.
Lance is seen in several documentaries and also appeared in cameo roles for two films “DodgeBall: A True Underdog Story (2004)” and “You, Me and Dupree (2006)”. In 2015, a biographic film of Lance Armstrong was released starring Ben Foster as Armstrong with the name “The Program”.
Lance Armstrong has also shown his writing skills with two books released in collaboration with Sally Jenkins. His two books along with Sally Jenkins are:
- It’s Not About the Bike: My Journey Back to Life(2001)
- Every Second Counts(2003)
Lance Armstrong Investments
Lance Armstong is the owner of a coffee shop in Austin, Texas. In the same building that of the coffee shop, he also has a bike shop with the name “Mellow Johnny’s”. Armstrong bought stock shares of SRAM Corporation worth several million dollars in 2008. These shares were bought back by the company later. Now, he owns a smalls hare of Trek Bicycle Corporation.
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Lance Armstrong Personal Life
Lance Armstrong was diagnosed with fatal testicular cancer in 1996. The cancer was at stage III and was already spread to his lungs, brain, abdomen, and lymph nodes. He put a pause to his career and undergone chemotherapy treatment. In February 1997, Armstrong was declared cancer-free.
Lance Armstrong was married to Kristan Richard on May 1, 1998. They met in 1997 and started dating not so long after. Armstrong has three children from this marriage, a son, and two twin daughters. The children were born with the help of medical technology. Since the testicular cancer treatment makes the patient infertile, Armstrong preserved his semen before surgery. This couple divorced in 2003.
After his divorce, Armstrong started dating singer-songwriter, Sheryl Crow. They got engaged in September 2005 and split in February 2006. In July 2008, Armstrong started dating Anna Hansen who he met through his charity works. In 2009, Anna Hansen gave birth to a son and they also had a daughter later.
Lance Armstrong Net Worth In 2021
Lance Armstrong Net Worth is estimated to be $50 million as of 2021. Armstong owns houses in Austin, Texas, and Aspen, Colorado, as well as a ranch in the Texas Hill Country. After the heavy loss that he faced in his net worth due to the ban from cycle racing, all of the merchandises, brand endorsements, and charity works which he was a part of, withdrew the contract from him, which lead to a great loss.
He said in an interview that the investment he made in Uber saved his family, as it was the only source of income he had after the scandal. Lance Armstrong Invested $100,000 for Uber without even thinking about it much in the past. But, this alone investment is now worth $30 million.
|Lance Armstrong Net Worth In 2021||$50 million|
|Lance Armstrong Net Worth In 2020||$50 million|
|Lance Armstrong Net Worth In 2019||$50 million|
|Lance Armstrong Net Worth In 2018||$50 million|
|Lance Armstrong Net Worth In 2017||$50 million|
That was all about Lance Armstong Net Worth, Career, Personal Life, Controversies, and much more. Lance Armstrong Net Worth is currently $50 million. He was a professional road racing cyclist and has won several world tours and also got a bronze in the 2000 Summer Olympics. But, he was banned from sports for a lifetime for using steroids. We hope you got to know some interesting information about Lance Armstrong. For more information, visit Celebrity Net Worth.