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Most of his initial $100,000 investment went to Uber, which at the time he purchased it, was worth under $4 million. Lance Armstrong’s prospects looked bleak when he admitted to Oprah Winfrey in 2013 that he cheated to win his Tour de France titles, putting the brakes on a career that made him more than $200 His stake in Uber makes Graves worth $1.5 billion. Those options are worth just $1.7 million with Uber at $45 a share, where the IPO priced on Thursday night. Lance Armstrong told CNBC With Armstrong silent on the matter, the question of how much his early Uber investment might be worth is a matter of speculation. The company was worth around $3.7 million when he made the The bulk of that money apparently went to Uber, which at the time, was worth just $3.7 million. Today, the company's worth is in the billions, and Lance has credited the investment with keeping his financial picture rosy in the years since his controversy.
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His major sponsors, including Nike, Oakley, Trek, and Anheuser Busch all left. He owns homes in Austin, Texas, and Aspen, Colorado, as well as a ranch in the Texas Hill Country. Former cycling champion Lance Armstrong, whose fall from grace cost him millions of dollars in lawsuits and endorsements, said his investment in Uber Technologies Inc.had saved his family.
Lance Armstrong wealth peaked at $125 million in the 2010s before plummeting through lawsuits and legal costs. Fortunately though, through wise investments, Lance Armstrong is worth at least $50 million dollars as of 2021. Before he retired, he made an investment worth $100,000 in Uber in 2009 when the entire company was worth $3.7 million. Uber is currently worth more than $120 billion, which tells you, his investment was worth every penny. Lance declared in 2018 that his investment with Uber saved his family’s financial status.
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MIWD00000PUS, which tracks shares in 45 countries, was around 0.1 An angry Puig took a step toward Lance Lynn after being knocked off the plate gigi Since being founded in 2009, Uber has raised a total of $57 million Armstrong in 2007, Patch was designed to replace local newspapers around the country.
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Uber may go public next year at a valuation of as much as $US120 billion, bankers at Goldman Sachs and Morgan Stanley have estimated. December 9, 2018. Lance Armstrong says that he was one of the original Uber investors staking them $100,000 at a valuation of just $3.7 million.
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He made the investment through Chris Sacca venture capital firm where he thought he was simply buying Twitter shares. Little did he know that this would be his financial redemption later in his As of 2021, Lance Armstrong’s net worth is $50 million. However, that’s still nothing to sniff at, and it would be a lot less if it wasn’t for his investment in Uber. Even though Armstrong has been given a life ban in competing in cycling competitions, he is undoubtedly tied to the sport, just like Tony Hawk is to skateboarding. Armstrong is more famous than any other cyclist, and he will always be remembered for winning the Tour de France seven times in a row. That makes Armstrong's initial investment worth as much as $30 million at the high end of that range.