Lance Edward Armstrong (born September 18, 1971) is a former American professional cyclist. He gained fame by winning the Tour de France seven times from 1999 to 2005 but was stripped of his titles in 2012 due to doping allegations. Diagnosed with testicular cancer in 1996, Armstrong recovered and founded the Livestrong Foundation.
He returned to cycling in 2009, finishing third in the Tour de France. In 2012, an investigation revealed he led a sophisticated doping program, leading to a lifetime ban from cycling.
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Lance Armstrong Net Worth
Lance Armstrong has an estimated net worth of $50 million. At the peak of his career, he owned $30 million worth of real estate, including mansions in the Bahamas, South of France, Spain, and Texas. In 2013, he bought a Lake Austin property for $4.34 million and sold it for $5.35 million within two months.
In 2018, Armstrong sold a Tuscan-style mansion in Austin for $6.88 million. His current primary residence is a 1.7-acre Mediterranean-style mansion likely worth around $8 million.
Early life
Lance Edward Armstrong was born Lance Edward Gunderson on September 18, 1971, at Methodist Hospital in Richardson, Texas. His mother, Linda Armstrong Kelly (nรฉe Gayle Mooneyham), grew up in Oak Cliff. Armstrong was named after Lance Rentzel, a Dallas Cowboys wide receiver.
His parents divorced when he was two, and after his mother remarried Terry Keith Armstrong, he took his stepfather’s surname. He attended Plano East Senior High School during his youth.
Career
Lance Armstrong began his sports career as a swimmer with the City of Plano Swim Club, but switched to racing and won the Iron Kids Triathlon at age 13. He became a professional triathlete, winning the national sprint-course triathlon championships in 1989 and 1990.
In 1992, he joined the Motorola Cycling Team. In 1993, he won the World Road Race Championship in Norway. Armstrong achieved more success in 1994 with his second Thrift Drug Classic, and in 1995, he won the Clรกsica de San Sebastiรกn and Tour DuPont.
Personal Life
Lance Armstrong married Kristin Richard on May 1, 1998, and they had three children: a son (born October 1999) and twin daughters (born November 2001), conceived through sperm Armstrong banked before chemotherapy. They divorced in 2003. In 2005, Armstrong’s children joined him at the Tour de France podium.
Later that year, Armstrong briefly dated Sheryl Crow, getting engaged in September 2005 but splitting in February 2006. In 2008, Armstrong began dating Anna Hansen, and they have two children, marrying on August 9, 2022.
What records does Lance Armstrong hold?
Lance Armstrong is a retired professional cyclist who competed in many of the most prestigious road cycling events, including the Tour de France. He won the Tour de France a record seven consecutive times, from 1999 to 2005. He also competed in other major races such as the Giro d’Italia and the Vuelta a Espaรฑa.
Conclusion
Lance Armstrong’s story is a blend of athletic excellence, personal challenges, and financial acumen. His journey from a celebrated athlete to overcoming personal and professional hurdles illustrates a relentless pursuit of success.
FAQs about Lance Armstrong Net Worth
- What is Lance Armstrong’s current net worth? $50 million.
- How did Armstrong’s cancer battle affect his career? It led to a temporary retirement, followed by an incredible comeback.
- What major endorsements did Armstrong lose? He lost endorsements from Nike, Oakley, Trek, and Anheuser Busch.
- What impact did doping allegations have on Armstrong’s net worth? They resulted in the loss of endorsements and legal settlements, significantly impacting his net worth.
- What is Armstrong’s most significant investment? His early investment in Uber, which significantly increased in value over time.