There was a time when Lance Armstrong’s downfall in cycling was going to not only equal a lifetime of shame — but also financial hardship.

Faced with lawsuits seeking tens of millions of dollars in damages for his fraudulent life as a doping cheat — and an aggressively litigious pursuer of anyone who suggested otherwise — Armstrong was in strife.

But in his first US television interview since sitting down with Oprah Winfrey in 2013 the cancer survivor who captured the imagination of the world while winning seven Tour de France — then having them stripped in the biggest doping scandal in history — has revealed he’s more than landed on his feet.

Now 47, Armstrong reached a $5 million settlement with the US federal government in April when they could have sought up to $100 million if the suit went to trial. But that doesn’t come close to the windfall he appears to have made on an early investment in Uber.

The Texas native invested $100,000 with a venture capital firm in 2009, the bulk of which went to the ride-sharing app that was valued at just $3.7 million at the time.

Source link


Please enter your comment!
Please enter your name here