American former professional road racing cyclist, Lance Armstrong has an estimated net worth of $125 million. The seven-time winner of the Tour de France, Armstrong’s string broke the previous Tour de France record of five victories, held by Miguel Indurain (1991-95) and three others. Armstrong is equally famous for surviving cancer. He was a top amateur cyclist until after the 1992 Barcelona Olympics, when he began a successful pro career. In 1996 Armstrong discovered that he had testicular cancer, which had spread to his brain and lungs. After surgery and heavy chemotherapy, Armstrong returned to cycling in 1997. Two years later he won his first Tour de France, as the lead rider of the U.S. Postal Service team, and then repeated the victory the next five years in a row. In 2005 he won the Tour for a seventh time, then retired from cycling. After nearly four years in retirement, he un-retired and raced in the Tour de France again in 2009, finishing third as his teammate Alberto Contador won the race. Armstrong then retired again in 2011, amid continued — and unverified — allegations that he had used performance enhancing drugs. Lance Armstrong is the author of the memoirs It’s Not About the Bike (2000) and Every Second Counts (2003). Armstrong officially announced his retirement from professional cycling on July 24, 2005 but came back in 2010.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2011 |
Asset |
The value of his home set near Lake Austin |
$4,340,000 |
|
2011 |
Bonus |
Bonus received from SCA Promotions |
$7,000,000 |
|
2006 |
Sale of Asset |
Amount earned from the sale of his Thousand Oaks, Calif. home |
$18,500,000 |
|
2005 |
Bonus |
Bonus received from SCA Promotions |
$200,000 |
|
2005 |
Earning Turned Donation |
Total amount accumulated from the sale of “Live Strong” bracelets which sold for $1 each. |
$40,000 |
|
2004 |
Sponsorship |
Earnings from sponsors alone |
$17,500,000 |
|
2003 |
Asset |
The estimated value of his Texas estate which he listed at $10 million |
$3,900,000 |
|
1996 |
Contract |
A contract with US Postal team offered him an annual salary of $200 thousand |
$200,000 |
|
1995 |
Contract |
In 1996, he signed a two-year $2 million contract with French Cofidis Cycling Team |
$2,000,000 |