Lance Armstrong Net Worth in 2023 (Biography, Career, Age, Net Worth, Personal Life, etc.)

Lance Edward Armstrong is a former competitive cyclist from the United States. Armstrong’s reputation was tainted by a doping scandal that resulted in his Tour de France victories being removed from him. Lance Armstrong Net Worth is estimated to be approximately $50 Million.

Lance Armstrong Net worth and profile in one glance

Biography of Lance Armstrong

Early life

Lance Edward Gunderson, the son of Linda Gayle, a secretary, and Eddie Charles Gunderson (died 2012), a route manager for The Dallas Morning News, was born on September 18, 1971, at Methodist Hospital in Richardson, Texas.

He is of Norwegian, Dutch, and Canadian ancestry. Lance Rentzel, a wide receiver for the Dallas Cowboys, was his inspiration.

Lance’s parents split when he was two years old, in 1973. His mother married Terry Keith Armstrong, a wholesale dealer, the next year, and Lance was born that year.

Stepping stone into Lance Armstrong Net Worth (Career)

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 an ad for a junior triathlon called the Iron Kids Triathlon, which he won at the age of 13, he stopped swimming-only races.

Primary source of Lance Armstrong Net worth (Cycling)

Armstrong was the number one triathlon in the 19-and-under division in the 1987–1988 Tri-Fed/Texas; second place went to Chann McRae, a US Postal Service cycling colleague and the 2002 USPRO national champion.

Armstrong’s total points as an amateur in 1987 were higher than five pros ranked higher than him at the time.

Lance Armstrong began his professional triathlon career at the age of 16, and at the ages of 18 and 19, he won the national sprint-course triathlon championships in 1989 and 1990.

Motorola Cycling Squad

Armstrong joined the Motorola Cycling Squad, the successor to the 7-Eleven team, in 1992. Armstrong won ten one-day events and stage races in 1993, but it was the World Road Race Championship in Norway that gave him his breakthrough triumph.

He won his first stage of the Tour de France, from Châlons-sur-Marne to Verdun, before winning the World Championships. When he retired after stage 12, he was ranked 97th in the general classification.

He won the Thrift Drug Triple Crown of Cycling in Pittsburgh, West Virginia, and Philadelphia. He is accused of bribing another cyclist racing in the CoreStates Road Race so that he would not compete with Armstrong for the win.

SCA Promotions case

Armstrong admitted to using performance-enhancing medications to his physician shortly after brain surgery in 1996, according to Betsy and Frankie Andreu during a deposition, according to the French newspaper Le Monde.

Armstrong and SCA Promotions, a Texas corporation, were involved in a legal battle over a $5 million bonus, which was settled out of court with SCA paying Armstrong and Tailwind Sports $7.5 million to repay the $5 million bonus plus interest and lawyers’ expenses.

Personal life

Armstrong owns a ranch in the Texas Hill Country as well as houses in Austin and Aspen, Colorado.

Relationships and children

In June 1997, Armstrong met Kristin Richard. They married on May 1, 1998, and have three daughters and a son.

Armstrong’s pregnancies were made possible by sperm he had saved three years prior, before undergoing chemotherapy and surgery. In 2003, the couple divorced.

Armstrong’s children flew to Paris for the 2005 Tour de France podium celebration at Armstrong’s request, where his son Luke assisted his father in hoisting the trophy, while his daughters (dressed in yellow) handled the stuffed lion mascot and bouquet of yellow flowers.

Conclusion

Lance Armstrong is an incredibly talented and well-known cyclist. Lance Armstrong Net Worth is a source of motivation and inspiration.