Lance Edward Armstrong is a former competitive cyclist, author, and public speaker from the United States. Lance Armstrong net worth is increasing, and he was at one time among the highest earning athletes in the world.
Armstrong was the only rider to win seven Tour de France championships (1999–2005). Still, all of his titles were eventually removed when an inquiry found that he played a pivotal role in a wide-ranging doping conspiracy while accumulating his Tour triumphs.
Armstrong earned seven Tour de France wins while riding for the US Postal/Discovery team between 1998 and 2005. He raced with Team Radio Shack from 2010 to 2011 before retiring for the second time in 2011. Following the doping investigations, these victories and championships would be revoked.
Lance Armstrong: Quick Facts
|Full Name||Lance Edward Armstrong|
|Date of Birth||18th September 1971|
|Age||51 years old|
|Net Worth||$50 million|
|Father’s Name||Eddie Charles Gunderson and Terry Keith Armstrong (step-father)|
|Mother’s Name||Linda Gayle|
|Sister||Sonnie Michaela Gunderson|
|Height||5 feet 9 inches|
|Weight||75 kg or 165 lbs|
|Body Measurements||No information available|
|Hair Color||Dark Brown|
|Shoe Size||No information available|
|Education||Bending Oaks High School|
|Children name||Luke Armstrong, Grace Elizabeth Armstrong, Isabelle Armstrong, Olivia Marie Armstrong, and Max Armstrong|
|Salary||No information available|
|Social Media Presence||Instagram, Facebook, and Twitter|
|Last Updated||July 2022|
Lance Armstrong Net Worth and Income
Lance Armstrong currently has a net worth of $50 million. Armstrong’s net worth was $125 million at the height of his career, steadily increasing. Lance at one point in time was one of the world’s highest-paid athletes, with annual earnings of up to $20 million from endorsements and prize money.
The cyclist earned around $15 million per year from speaking engagements, public appearance fees, and sponsorships for several years after retirement before his troubles burst.
Lance estimated that the massive loss of endorsement deals due to the scandals might cost him $75 million in the matters of lost endorsements, legal settlements, and lawyer expenses when he admitted to doping in January 2013.
If the case had reached to trial, the US government might have sued Armstrong for $100 million. Lance eventually agreed to a $5 million settlement in the lawsuit.
Lance was purchasing Twitter stock through Chris Sacca’s VC business. The corporation has a private valuation of $120 billion as of December 2018.
According to a Bloomberg study, Lance’s Uber stake is only worth $30 million. After fees, it’ll probably be closer to $20 million. It’s still a fantastic return on a $100,000 investment.
Lance Armstrong Net Worth in various currencies
|Name of Currencies||Value of Net worth|
|Indian Currency||Rs 3,992,275,000|
Lance Armstrong Net Worth in the last five years
|Years||Net Worth (In USD)|
Armstrong, his wife Anna Hansen, and their five children now reside in Aspen, Colorado. Armstrong spent about $9.2 million on the roughly 6,000-square-foot home in 2008, when it was still being built, for a five-bedroom, six-bathroom residence. Lance is the proud owner of a GMC Yukon.
In 2018, Lance bought the 8,282 square feet of land and made the house on 3,011 square feet, which cost around $1.5 million. This mansion is located in West Austin. However, the house was built in 1931 and featured four bedrooms and a detached guest house. In 2020, he sold it for $2 million.
The cyclist also purchased a home that was built in 1924. The mansion is in the Mediterranean style and is located close to a half-acre of land across the street from Pease Park in the historic Old Enfield neighborhood.
Additionally, the mansion has 8,158 square feet that feature significant living areas for families on the first floor, five bedrooms on the second floor, and seven full and one-half bathrooms. The mansion’s third floor also has a large bedroom with a beautiful bathroom.
Talking about their compound of the house, it has a large pool with a fountain and a separate pool house that was bought in 2018 and paid for $7.5 million.
The cyclist has Nissan LEAF, first introduced in Japan and the United States. However, the car was awarded Green Car Vision Award in 2010, the European Car of the Year in 2011, and the 2011-2012 Car of the Year Japan. Likewise, the car price starts from $27,400.
He also bought a GMC Yukon, which has a 5.3-liter V8 engine that generates 355 brake horsepower, and its price starts from $50,000. The car crashed into parked cars along with his girlfriend, Anna Hansen.
At that time, the athlete was a little drunk, which made him lose control of the car and banged on the parked cars.
Charity and Endorsements
Armstrong founded a foundation named Livestrong in Austin, Texas, in 1997. However, he helped raise over $500 million for cancer research, treatment, and support. Likewise, the donated $6.5 million personally.
He also provided funding to launchWonders & Worries in 2001. It is a non-profit organization in Austin, Texas, that includes counseling and support for children with a parent with a severe or life-threatening disease.
The cyclist owns a coffee shop in downtown Austin, Texas, named Juan Pelota Cafe. However, the American star also opens a bike shop in the same building named Mellow Johnny’s.
Lance said in December 2018 that his early investment in Uber saved his family financially over the previous five years. The cyclist invested $100,000 in Uber when the company was valued at $3.7 million.
However, he made the investment, had no idea what Uber was, and thought then. The American star was buying shares of Twitter through Chris Sacca’s venture capital firm.
Armstrong also bought several million dollars of stock in the American bicycle component manufacturer SRAM Corporation in 2008 and worked as a technical advisor. Additionally, he also owns a small share of Trek Bicycle Corporation.
Although, the company had a private valuation of $120 billion in December 2018. According to a Bloomberg investigation, the author’s investment was worth $30 million.
Lance Armstrong Steroids
Lance Armstrong is one of the biggest cycling legends in the world. But Lance Armstrong asteroid case was something to talk about. He was taken into account when the sports personality admitted to taking drugs before the test.
This event occurred on the Oprah Winfrey show when he admitted to taking performance-enhancing drugs. In further talks, Armstrong admitted that he used almost everything like EPO, Testosterone, Cortisone, and many others.
With the allegations of taking the performance enhancement drugs, things went from bad to worse. The Anti-doping agency quickly took off his seven Tour de Frances and the Olympic bronze medal he won in 2000.
Lance Edward Gunderson was born in Methodist Hospital in Richardson, Texas. Linda Gayle (née Mooneyham), Lance’s mother, worked as a secretary.
Eddie Charles Gunderson, Lance’s father, was a route manager for The Dallas Morning News and died in 2012. Lance’s parents split when he was two years old in 1973.
His mother married Terry Keith Armstrong, a wholesale dealer, the following year, and Lance was born that year. Lance Rentzel, a wide receiver for the Dallas Cowboys, inspired Armstrong’s name.
The cyclist has two siblings named Sonnie Michaela Gunderson from his biological father and brother Larry Armstrong from his step-father.
Early Life and Education
Lance was always interested in sports as a kid and excelled in swimming and cycling. Armstrong began his athletic career as a swimmer with the City of Plano Swim Club when he was 12 years old, finishing fourth in the Texas state 1,500-meter freestyle.
After spotting a sign for a junior triathlon called the Iron Kids Triathlon, which he won at 13, he discontinued swimming-only competitions.
Lance went to Bending Oaks High School in Dallas, where he graduated in 1989. Armstrong competed in triathlons and swimming events as a youngster, and at 16, he became a professional triathlete.
Lance Armstrong Age, Height, and Weight
Lance Armstrong was born on 18th September 1971 and is 51 years old. He is born under the zodiac sign of Virgo. Armstrong’s ancestors are from Canada, the Netherlands, and Norway. Lance is an American citizen who practices Christianity. He has a straight sexual orientation.
Lance has a defined jawline, sharp features, and thin lips that make him stand out. The cyclist has a physique that is similar to that of an athlete.
Lance was a handsome young man in his day. Armstrong is a tall man, standing at 5 ft 9.5 in (176.5 cm), the ideal height for a cyclist. Lance is a 75 kg (165.5 lbs.) man.
Armstrong’s seven straight Tour de France victories from 1999 through 2005 and his reputation as a cancer survivor cemented his place as one of the most renowned and beloved sportspeople outside of professional sports.
Armstrong’s shoe size and physique measurements are not available on the internet. Lance’s eyes are a beautiful blue color, and his hair is a dark brown tone. He wears his hair short and has a distinct style.
Lance Armstrong Wife
In 1997, Armstrong met Kristin Richard, and the two married less than a year later. Before their divorce in 2003, the couple had three children together.
Richard spoke to the Christian Broadcasting Network on how she managed the divorce and strengthened her emphasis on her Christian faith. Kristin Armstrong works as a contributing editor for the magazine Runner’s World.
Armstrong began dating famous musician Sheryl Crow the same year he divorced for the first time. The American singer-songwriter has 11 folk albums, and the duo has proven to be a formidable force to be reckoned with.
Armstrong, on the other hand, stated that being in a famous relationship was not for him. The celebrity couple married in September 2005 but announced their split six months later.
Armstrong was initially linked to Tory Burch, a New York fashion designer, in March 2007, but the two had supposedly been dating for some months.
A few months later, the pair separated, with the New York Post reporting their breakup in October of that year.
Armstrong had a brief relationship with American actress Kate Hudson in 2008, which lasted only a few months. In July 2008, Hansen worked at a small non-profit organization supporting young adults with cancer.
Armstrong met her through his charity work, and less than six months later, the cycling legend announced she was pregnant. The couple welcomed their second child in 2010 but did not get engaged until 2017.
Hansen and Armstrong have been dating for nearly twelve years but have yet to marry officially. Even the infamous doping scandal couldn’t keep them apart.
Lance Armstrong’s children are Luke Armstrong, Grace Elizabeth Armstrong, Isabelle Armstrong, Olivia Marie Armstrong, and Max Armstrong.
Luke Armstrong was born on 12th October 1999. However, Luke was charged in April 2018 due to sex assault by Austin police. A woman told police that Luke assaulted her after he drove her from a party to his father’s house in Austin. The girl was the age of 16, and he was 18.
Similarly, Isabelle and Grace, twins daughters, were born on 20th November 2001. Luke Armstrong, Grace Elizabeth Armstrong, and Isabelle Armstrong are the names of their three children.
Max was born in 2009, and Olivia Marie was born on 2010 whenever Max and Olivia were the children with his girlfriend, Anna Hansen.
- Lance Armstrong was part of the Motorola Cycling Team in 1992 and became a professional cyclist.
- In 1993, Lance won ten one-day and stage races, but his finest achievement was winning the World Road Race Championship in Norway.
- Over the next few years, Lance won the Thrift Drug Classic in 1994, the Clásica de San Sebastián in 1995, and the Tour DuPont in 1995 and 1996, among other races.
- Lance was victorious in the La Flèche Wallonne for the maiden time in 1996 and went on to finish 6th in the time trial at the 1996 Olympic Games.
- ‘It’s Not About the Bike: My Journey Back to Life,’ Lance’s autobiography, was published in 2000.
- Armstrong took a big break from racing in 2005 but came back in 2009 to finish third in the Tour de France. In 2011, he took a second retirement.
- Lance also established the ‘LiveStrong’ brand and store in 2004, contributing significantly to his cancer foundation’s funding.
- Road to Paris (2001)
- Dodgeball: A True Underdog Story (2004)
- You, Me, and Dupree (2006)
- The Armstrong Lie (2013)
- Stop at Nothing- The Lance Armstrong Story 92014)
- The Program (2015)
- Tour de Pharmacy (2017)
- Lance (2020)
Awards and Nominations
- BBC Overseas Sports Personality of the Year Award 2003
- Honorary Doctorate of Human Letters, Tufts University 2006
- Laureus World Sports Award for the Sportsman, Comeback of the year (2003 and 2000)
- Laurens World Sports Award for the Sportsman of the Year Nominated (2002, 2004, 2005, 2006)
- Grand Prix Serge-Kampf de I’Academie des Sports (France, 2004) and more.
- United States Olympic Committee Sports of the Years (Four times)
- Associated Press Male Athlete of the Year (four times)
- World’s Most Outstanding Athlete Award, Jesse Owens International Trophy
- Reuters Sportsman of the Year
- ESPN Interspot’s ARETE Award for the Courage in Sport
- ABC’s Wide World of Sports Athlete of the year
- Pace car driver for the Indianapolis 500 and others.
Cancer Diagnosis, Treatment, and Recovery
Lance suffered from diagnosed with stage three (advanced) testicular cancer on 2nd October 1996. However, cancer had spread to his lymph nodes, lungs, brain, and abdomen.
At that time, he visited urologist Jim Reeves in Austin, Texas, to diagnose his symptoms such as headache, blurred vision, coughing up blood, and swollen testicle.
In the interview, Reeves said there were only 20-50% chances of survival. Armstrong went to Vanderbilt University after receiving a letter from Steven Wolff.
On 13th December 1996, his final chemotherapy had done. After the last chemotherapy, the cyclist joined the first training camp at Lile. Eventually, the American star was stated cancer-free in February 1997.
At the same time, a former boss at Subaru Montgomery offered him a contract with the US Postal team at a salary of $200,000 per year. Later, he was engaged in serious training for racing and moving to Europe with the team by January 1998.
Social Media Presence
Lance is active on social media platforms such as Instagram and Twitter. He interacts with his fans by posting photos and videos on these platforms.
Instagram- 417k followers
Twitter- 3.1 million followers
Facebook: 2 million followers
Interesting Facts about Lance Armstrong
- Lance is 50 years old as of now.
- Lance has a net worth of $50 million as of now.
- Lance was named after Lance Rentzel, an American football wide receiver for the Dallas Cowboys.
- Edward Gunderson, Lance’s biological father, has never seen him and has never indicated an interest in visiting him.
- Armstrong’s parents split when he was two years old in 1973.
- Before joining the Motorola cycling team in 1992, Lance competed in triathlons.
- Lance’s Enjoy STRONG wristbands were designed to raise money for cancer research and awareness while also urging individuals to live life to the fullest.
- Lance’s heart is one-third the size of the average.
- Ben Foster played him in The Program, a biographical drama film about him (2015).
Frequently Asked Questions
- What is the net worth of Lance Armstrong?
Lance Armstrong has a net worth of $50 million as of 2022.
- Why did Lance Armstrong change his name?
When his mother divorced his biological father, his step-father Terry Armstrong changed his last name at 15.
- What does Lance Armstrong do now?
He willfully owns a coffee shop and a bike shop in Austin, Texas.
- How old was Lance Armstrong when he got cancer?
Lance was 25 years old when he was diagnosed with stage three testicular cancer on 2nd October 1996.