How Lance Armstrong Makes Money Now — He Credits a Big Investment

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In the aftermath of Lance‘s doping scandal, he lost out on many of the lucrative sponsorships that he had once been a part of. At the same time, he also faced lawsuits because of the lies he’d told in the past about doping, which he confessed to during a 2013 interview with Oprah. His financial picture suddenly looked quite bleak, but as it turns out, he made one wise investment that ultimately turned his outlook around. 

In 2009, Lance invested $100,000 in a nascent investment firm called Lowercase Capital run by Chris Sacca. 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. 

Source : https://www.distractify.com/p/how-lance-armstrong-make-money

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