Lance Armstrong Net Worth and Bio - What You Need to Know

Lance Armstrong is a name that has become synonymous with both cycling and controversy. The former professional road racing cyclist was at one point hailed as a sporting hero for his incredible achievements on the bike, which included seven consecutive Tour de France wins between 1999 and 2005. However, his reputation was shattered in 2012 when it was revealed that he had been doping for much of his career.

Since then, Armstrong has faced numerous lawsuits and legal battles, but he remains one of the most talked-about figures in sport. Despite the scandal that surrounds him, his incredible success and undeniable talent on the bike mean that he remains an important figure in the history of cycling and sports in general.

This article will take a closer look at Lance Armstrong's life and career, from his early years in cycling to his rise to fame and subsequent fall from grace. We will also examine his net worth and the impact that the doping scandal has had on his finances.

About Lance Armstrong

Lance Armstrong is a former professional cyclist who has a notable net worth and an interesting life story. He was born and raised in the United States, and he rose to fame as a professional cyclist in the late 1990s and early 2000s. Armstrong's net worth is estimated to be around $50 million USD.

Field	Details
Age	Armstrong was born on September 18, 1971, which makes him currently 50 years old.
Born	Armstrong was born and raised in Plano, Texas, USA.
Gender	Armstrong is male.
Height	Armstrong is 5 feet 9 inches tall.
Country of Origin	Armstrong is from the United States of America.
Source of Wealth	Armstrong's main source of wealth is his career as a professional cyclist, but he has also earned money from endorsements, investments, and other business ventures.

Despite his success as a cyclist, Armstrong has faced controversy and criticism for being involved in a doping scandal. In 2012, he was stripped of his seven Tour de France titles and banned from professional cycling for life. Armstrong has also been involved in various philanthropic efforts over the years, including founding the Livestrong Foundation, which focuses on cancer research and awareness.

Key Facts

Lance Armstrong is a former professional cyclist and cancer survivor with a net worth estimated to be over $50 million.

• He was born on September 18, 1971, in Plano, Texas.
• He started his cycling career at the age of 12 and became a professional at the age of 21.
• He won the Tour de France a record-breaking seven times from 1999 to 2005.
• Armstrong founded the Livestrong Foundation in 1997 to support people affected by cancer.
• In 2013, he admitted to using performance-enhancing drugs during his cycling career in an interview with Oprah Winfrey.
• His admission led to him being stripped of his Tour de France titles and banned from professional cycling for life.

Despite the scandal, Armstrong remains a prominent figure in the cycling world and continues to work on cancer advocacy through the Livestrong Foundation.

Early Life

Lance Armstrong was born on September 18, 1971, in Plano, Texas, to parents Linda and Eddie Gunderson. His parents separated when he was just two years old, and his mother soon married Terry Keith Armstrong. At the age of 13, Lance officially changed his last name to Armstrong in honor of his stepfather.

From a young age, Lance showed a talent for athletics. He began swimming competitively at the age of 10 and soon started competing in triathlons. In high school, he excelled in both running and swimming, but it was cycling that would become his passion and define his career.

Despite his talent and early success in sports, Lance's childhood was not without its challenges. He was diagnosed with testicular cancer in 1996 at the age of 25, which would lead to a long and difficult battle with the disease. However, Lance would ultimately use his cancer diagnosis and subsequent recovery to inspire millions around the world and become a symbol of hope and perseverance.

Career

Lance Armstrong's cycling career started when he was just a teenager, and he quickly rose through the ranks of international cycling. He won his first professional race at the age of 21, and by the time he was 25, he was a two-time world champion.

Armstrong's greatest achievement came in the late 1990s and early 2000s when he won the Tour de France seven consecutive times from 1999-2005. However, his career was marred by controversy when he was accused of using performance-enhancing drugs. Although he always denied the allegations, Armstrong was stripped of his Tour de France titles and banned from professional cycling in 2012.

After retiring from cycling, Armstrong became a businessman and philanthropist. He founded the Livestrong Foundation, which aimed to raise awareness about cancer and support cancer patients and survivors. Armstrong also invested in various business ventures, including a coffee shop chain and a venture capital firm.

In recent years, Armstrong has made a comeback to competitive athletics, participating in events such as the Leadville 100 mountain bike race and the Ironman 70.3 triathlon. He has also been involved in public speaking engagements, discussing his accomplishments and controversies in cycling, as well as his role as a cancer survivor and philanthropist.

• Armstrong's cycling achievements:
• 7-time Tour de France champion
• Two-time world champion
• Multiple wins in the Tour of Switzerland, Tour DuPont, and Tour de Suisse
• Armstrong's business ventures:
• Investor in the coffee shop chain, Philz Coffee
• Founder of the venture capital firm, Next Ventures
• Co-owner of the cycling team, Trek-Segafredo
• Armstrong's philanthropic work:
• Founder of Livestrong Foundation, which raised over $500 million for cancer research and support
• Supporter of cancer awareness and research initiatives, including the cancer center at the University of Texas at Austin

How Lance Armstrong Spends His Fortune

Cycling Investments

Lance Armstrong has invested a significant portion of his fortune back into cycling. He helped establish the Livestrong Foundation and the Livestrong Sporting Park in Kansas City. In 2008, he also launched his Trek Livestrong U23 professional cycling team, which has since become the Axeon Hagens Berman team.

Real Estate

Another way Armstrong spends his wealth is by investing in real estate. He owns several properties, including a house in Austin, Texas, a warehouse in Dripping Springs and a ranch in Texas Hill Country.

Philanthropy

Armstrong has donated millions of dollars to various charities, including the Lance Armstrong Foundation, which was renamed the Livestrong Foundation in 2012. He has also given extensively to cancer research and education, and he has donated to organizations working to fight malaria in Africa.

Luxury Items

Armstrong has a passion for collecting fine art, especially paintings and sculptures. He owns a personal collection that includes works by famous artists like Picasso, Warhol, and Matisse. Additionally, he splurges on exotic cars and motorbikes, including a McLaren and a Ducati.

Hobbies and Interests

Finally, Armstrong enjoys indulging in his hobbies and interests, which include travelling, hiking, and playing golf. He has been known to take luxurious vacations and stay in high-end hotels all over the world, visiting places like Hawaii, Italy, France, and Australia.

Ways Lance Armstrong Spends His Wealth
• Cycling Investments
• Real Estate
• Philanthropy
• Luxury Items
• Hobbies and Interests

Highlights

Professional Cycling Career

Lance Armstrong is a former professional cyclist who won the Tour de France seven times between 1999 and 2005. He was regarded as one of the greatest cyclists in history until he was stripped of his titles and banned from the sport after it was revealed he had used performance-enhancing drugs.

Cancer Survival and Advocacy

In 1996, Armstrong was diagnosed with testicular cancer which had spread to his brain and lungs. He underwent surgery and chemotherapy, and miraculously survived. Following his recovery, Armstrong became an advocate for cancer awareness and founded the Lance Armstrong Foundation, now known as Livestrong, to support those affected by cancer.

Business Ventures

After retiring from cycling, Armstrong invested in various business ventures, including owning and operating a coffee shop and restaurant. He also started the WEDŪ media and events company and became a successful public speaker.

Controversy and Legal Issues

Armstrong's use of performance-enhancing drugs and subsequent cover-up of his actions led to numerous legal battles, including a lawsuit by the US government. He eventually settled the lawsuit by paying a $5 million settlement. Despite the controversy surrounding him, Armstrong remains a polarizing figure in the world of cycling and beyond.

Favorite Quotes from Lance Armstrong

"Pain is temporary. Quitting lasts forever."

Explanation: Armstrong famously said this during his cycling career to highlight the idea that giving up may alleviate pain in the short term, but it ultimately leads to regret in the long run.

"If you worried about falling off the bike, you'd never get on."

Explanation: Armstrong used this quote to illustrate the importance of taking risks in life. He believed that worrying about failure would only hold you back from achieving your goals.

"Pain has a purpose."

Explanation: Armstrong recognized that pain is a natural part of life, and used this quote to emphasize that it can serve a meaningful purpose by motivating us to push ourselves to the limit.

• "It's not about the bike."
• Explanation: This quote highlights Armstrong's belief that success in sports and in life is not solely determined by talent or equipment, but by hard work, dedication, and commitment.

"What am I on? I'm on my bike, busting my ass six hours a day. What are you on?"

Explanation: Armstrong famously used this quote in response to allegations of performance-enhancing drug use. He argued that hard work and dedication were the true sources of his success, rather than any chemical assistance.

Famous Success Lessons from Lance Armstrong

1. Perseverance and Hard Work

Lance Armstrong is one of the most successful athletes in history. His seven Tour de France victories are a testament to his perseverance and tireless work ethic. Armstrong has stated that success requires hard work, dedication, and the ability to persevere through tough times. Armstrong’s commitment to his sport and his training regimen is a great example of how hard work can lead to success.

2. Focus on Winning

Armstrong’s focus on winning is another key to his success. Armstrong always had his eyes set on the prize and never lost sight of his ultimate goal. By remaining focused and driven, he was able to achieve his goals and become one of the greatest athletes of all time.

3. Embrace Failure

Despite his legendary success, Armstrong has also experienced his fair share of setbacks and failures. However, he has always used these experiences as opportunities to learn and grow. By embracing failure and using it as a learning experience, Armstrong has been able to strengthen his skills and become an even better athlete.

4. Surround Yourself with the Right People

Armstrong has also stressed the importance of surrounding yourself with the right people. He has worked closely with coaches, trainers, and mentors throughout his career, and has learned from the expertise of others. By surrounding yourself with knowledgeable and supportive people, you can increase your chances of success.

5. Never Give Up

Finally, Armstrong’s determination and refusal to give up are perhaps his most valuable lessons. Despite facing numerous challenges and obstacles, he has always remained committed to his goals and refused to quit. Armstrong’s success is a testament to the power of persistence and never giving up on your dreams.

Interesting and Surprising Facts About Lance Armstrong

Cancer Diagnosis at 25: At the height of his professional cycling career, Armstrong was diagnosed with testicular cancer at the age of 25. He underwent surgery and chemotherapy before making a comeback and winning seven consecutive Tour de France titles.

Charity Work: Armstrong is known for his charity work, particularly through his foundation, Livestrong. The foundation has raised millions of dollars for cancer research and support for cancer patients and survivors.

Doping Scandal: In 2012, Armstrong was stripped of all seven of his Tour de France titles and banned from professional cycling for life after an investigation revealed that he had been using performance-enhancing drugs throughout his career.

Triathlon Passion: While Armstrong is best known for his success in cycling, he is also an accomplished triathlete. He has competed in numerous Ironman triathlons and even won the 2012 Ironman 70.3 in Hawaii.

Controversial Personal Life: Armstrong's personal life has been the subject of much controversy. He has been married twice and has five children with three different women. He has also been involved in several high-profile relationships and has been accused of being unfaithful.

Summary

Lance Armstrong is a retired American professional road racing cyclist who was once considered one of the greatest cyclists of all time. Despite his successful career, Armstrong was stripped of his seven Tour de France titles in 2012 after being found guilty of doping. The scandal caused significant damage to his reputation, but it did not diminish his net worth, which is estimated to be around $50 million.

Armstrong grew up in Texas and began his cycling career at a young age. He quickly rose to fame in the 1990s, winning numerous races and showing great potential for future success. In the early 2000s, he dominated the Tour de France, becoming a household name and a symbol of American success in the sport.

Despite his achievements, Armstrong's career was dogged by rumors of doping, and he was eventually stripped of his titles after an extensive investigation. Despite the scandal, Armstrong remains a respected figure in the cycling community, and his foundation, the Livestrong Foundation, is dedicated to raising money for cancer research and supporting cancer patients and survivors.

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