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.
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.
BOURNE, MASSACHUSETTS – AUGUST 06: Lance Armstrong attends the 2011 Pan-Massachusetts Challenge on August 6, 2011 in Bourne, Massachusetts. (Photo by Gail Oskin/Getty Images)
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.
“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
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.
DUBAI, UNITED ARAB EMIRATES – OCTOBER 06: Lance Armstrong rides along cyclists during “Ride With Lance” at Al Qudra Cycling Track on October 06, 2020 in Dubai, United Arab Emirates. (Photo by Francois Nel/Getty Images)
“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.
A legend of the game, would you like to see Lance Armstrong compete at the highest level again?
The post Here’s How Investing in Uber Saved Lance Armstrong and His Family appeared first on EssentiallySports.