Lance Armstrong net worth

Lance Armstrong net worth

Net Worth: $125 Million

About Lance Armstrong

Lance Armstrong net worth

Probably the most popular cyclist in the world is Lance Armstrong. He is also regarded as one of the richest, taking into consideration the fact that the overall amount of Lance Armstrong net worth has been announced to reach 125 million dollars. In the past several years, Lance Armstrong has become quite a controversial athlete in the eyes of the public. In the autumn of 2012, Lance Armstrong was accused of using steroids and was eliminated from professional bicycle racing, which was a huge shock to many people all around the world. Because of these allegations, Lance Armstrong lost a lot, starting from his Tour de France medals and finishing with his endorsement deals with famous companies, such as Nike, Trek and Oakley, which through his career years added a lot to the total amount of Lance Armstrong net worth.

In addition, Lance Armstrong became an inspiration to people who have been fighting against cancer. He raised more than 500 million dollars for cancer research during his career years. Also, during his career as a professional cyclist, Lance Armstrong was considered to be the highest paid athlete in the world with at one point getting an annual salary of 20 million dollars from his endorsement deals and prize money.

This sum of money increased the overall amount of Lance Armstrong net worth a lot.

Nevertheless, even after his retirement Lance Armstrong has been accumulated huge sums of money. It has been reported that Lance Armstrong has been involved into public speaking, appearances and sponsorships, which all added 15 million dollars per year to his net worth. In the beginning of 2013 Lance Armstrong was interviewed by Oprah Winfrey. In the interview, the cyclist stated that during the next years, his loss of endorsement deals would cost him more than 75 million dollars, the sum which will definitely make Lance Armstrong net worth smaller.

The star was born in Plano, Texas, in 1971. He was raised solely by his mother, because his father left the family when Lance Armstrong was only 2 years old. When he was 10 years old, Lance Armstrong became involved into sports. Initially, he excelled at swimming and running. When he was 13 years old, Lance Armstrong began cycling and participating in triathlons. Later, he focused only on cycling, which became his main career and which brought millions of dollars to the net worth of Lance Armstrong.

Now you have an idea why Lance Armstrong net worth is this huge

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