Here’s How Investing in Uber Saved Lance Armstrong and His Family

Published 11/24/2021, 1:19 PM EST

Follow Us

via Getty

The retired professional cyclist, Lance Armstrong, is well known for his heroics on the road, even in the toughest of conditions. At 16, Armstrong began his life as a cyclist, joining the Motorola team. Notably, he retired in 2005, soon after the Tour de France.

Although one of the best, his career wasn’t as smooth sailing. From 1999 to 2005, the cyclist was stripped of his seven successive Tour de France titles after testing positive in a doping test. He was also diagnosed with metastatic testicular cancer but fortunately survived and recovered in due time.

ADVERTISEMENT

Article continues below this ad

Experiencing one of the greatest downfalls in sports history, Lance faced a financial drought too. Recently, he revealed how investing in Uber helped him overcome his then financial constraints.

Investing in a firm helped Armstrong recover financial drop

In 2012, Armstrong was stripped of his 7 Tour De France titles after being involved in a scandal. As a result, he lost many endorsements and sponsorship deals that he was a part of. He also experienced lawsuits for lying for the same, which he accepted in a 2013 interview with Oprah.

via Getty

The elite cyclist luckily invested around $100,000 in an investment firm called Lowercase Capital in 2009. However, soon the money directly went to Uber, which was worth $3.7 million back then. Ever since, the company has reached great heights, which in turn helped Lance and his family financially.

Trending

Get instantly notified of the hottest stories via Google! Click on Follow Us and Tap the Blue Star.

Follow Us

“I didn’t even know that he did Uber. I thought he was buying up a bunch of Twitter shares from employees or former employees, and the biggest investment in Lowercase fund one was Uber,” said Lance on CNBC.

Armstrong revealed that the money he earned was “too good to be true.”

Lance Armstrong talks about doing it all over again

ADVERTISEMENT

Article continues below this ad

The iconic cyclist further expressed his wish to start over everything and prove his ability to compete and win 7 times again, making up for what he lost.

via Getty

Whether or not I would do it all over again, what I would rather do is go back and win seven in a row against everybody else that’s drinking water and eating bread,” said the cyclist.

ADVERTISEMENT

Article continues below this ad

A legend of the game, would you like to see Lance Armstrong compete at the highest level again?

What Is US Cycling Legend Lance Armstrong Doing Now?

SHARE THIS ARTICLE :

Written by:

Richa Goswami

552Articles

One take at a time

Richa Goswami is a US Sports writer at EssentiallySports. As an adherent learner, she uses her journalistic persona to navigate through new skills. Richa has completed her schooling at Don Bosco.
Show More>