And this could just be the beginning. Talking to cnbc, lance armstrong admitted how it was his initial $100,000 investment in uber that kept his family afloat. · explore how much lance armstrong lost due to doping scandals. · the story of lance armstrong ’ s financial journey is remarkably complicated, involving dominance, collapse, and an unlikely recovery. · when he received the money from sca, he was in the top tax bracket in america, paying 35% on his income. Government over claims he defrauded the u. s. Earlier this week, lance armstrong was ordered by a texas arbitration panel to repay millions of bonus dollars because he is a cheater. What does it take to survive a 20% chance of living, win seven tour de france titles, and rebuild your life after losing everything? Uncover the financial impact on his career, sponsorships, and legal battles that followed his fall from grace. Even after losing his coveted titles and being permanently barred from competition, his estimated net worth is still in the neighborhood of $50 million today. · lance ’s fall from grace cost him millions of dollars in fines, settlements, and lost endorsements. Theoretically, if he has to repay $10 million , he should be able to go back to those years and deduct $10 million of his income, which would save him $3. 5 million in taxes. · the aftermath cost armstrong almost all his endorsement deals worth tens of millions. He also had to pay millions in lawsuits and settlements, including a $5 million settlement in 2018 to the u. s.
