Lance Armstrong Net Worth 2024, Uber Money (FORBES)

Lance Armstrong’s net worth in 2024 is $75 Million USD. Armstrong was one of the earliest investors in Uber, which brought him huge profits and accounts for half of his wealth today.

Armstrong had a peak net worth of $275 million at the height of his career, before he was caught in the doping scandal.

SRAM Corporation

In 2008, Armstrong and his friend Ben Affleck together invested $8 million into American bicycle component manufacturer SRAM Corporation.

Five years later, he has sold his full equity for $16 Million, which equals a 100% Return on his Investment.

Uber Deal

In 2009, Lance Armstrong’s close friend of Investor Chris Sacca, who advised him to invest in Uber before it was under development. He initially invested $100,000 and later on, invested $200k more during later funding rounds.

In early 2020, he sold 90% of his Uber shares for $39 million, which doubled Lance Armstrong’s net worth overnight.

His remaining 10% equity in Uber is valued at over $5 million as of today and he hinted that he has no intention to sell them any time soon.

Nike Endorsements

Before the Drug Scandal, Nike collaborated with Armstrong on a line of sports merchandise. By the time the contract was canceled in 2013, he had earned over $30 million in lifetime revenues from his products. This Nike deal was one of the reasons Lance Armstrong got rich before Uber.

Lance Armstrong Net Worth 2024 (Forbes)

Net Worth	$75 Million
Peak Net Worth	$130 Million
Annual Income	$8 Million
Stock Portfolio	$15 Million

Lance Armstrong House

In 2020, Armstrong bought a $12 Million luxury villa in the suburbs of Austin, Texas. This property was sold to him by CNN’s Anderson Cooper.

This 6-bedroom property has two pools, a bowling alley, a tennis court, a gym, a gaming room, and more amenities. He lives here with his wife Anna Hansen and his two children.

Cancer

On October 2, 1996, at the age of 25, Lance Armstrong was diagnosed with stage three (advanced) testicular cancer.

The cancer had spread to his lymph nodes, lungs, brain, and abdomen. Armstrong had an orchiectomy to remove the diseased testicle.

Doping Scandal

In a 2013 interview with Oprah Winfrey, after years of denial, Lance Armstrong admitted to using performance-enhancing drugs. Armstrong’s major sponsors including Nike, Oakley, Trek, and Anheuser Busch all left him.

Wife and Children

Armstrong met his first wife Kristin Richard in 1997 and the couple married one year later. They have three children, a son, and two twin daughters.

The pregnancies were made possible through sperm Armstrong banked three years earlier, before chemotherapy and surgery.

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