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Lance Armstrong Net Worth

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Lance Armstrong Net Worth

Lance Armstrong is a former professional road racing cyclist. Lance Armstrong had won the Tour de France a record seven consecutive times between 1999 and 2005, but in 2012 he was disqualified from all his results since August 1998 for using and distributing performance-enhancing drugs and was banned from professional cycling for life. Lance Armstrong did not appeal the decision to the Court of Arbitration for Sport. Lance Armstrong repeatedly denied doping, until he admitted in a television interview in January 2013 to using performance enhancing drugs throughout much of his career.

Lance Armstrong asked sponsors and suppliers to contribute and act as part of the team. For example, rather than having the frame, handlebars, and tires designed and developed by separate companies with little interaction, his teams adopted a Formula One relationship with sponsors and suppliers named “F-One”, taking full advantage of the combined resources of several organizations working in close communication. The team, Trek, Nike, AMD, Bontrager (a Trek company), Shimano, Sram, Giro and Oakley, collaborated for an array of cycle products.

How Did Lance Armstrong Make His Money – Sports

Estimated Net Worth: $120 Million

Birthday: September 18, 1971

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