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It saved our family, Lance Armstrong talks about early Uber investment

7 Dec 2018

 

An early investment in Uber has saved Lance Armstrong's family, according to the American former cyclist who was stripped of his seven Tour de France titles.

 

Armstrong, who has been forced to pay an astonishing £87 million in legal fees and settlements, handed over nearly £80,000 to a venture capital fund who invested in Uber in 2010.

 

It was reported by the BBC that Armstrong had told CNBC in an interview that the income earned from that investment "saved his family."

 

According to Armstrong, when he handed over the money to Chris Sacca at Lowercase Capital, he didn't know that the money was being invested in Uber at the time.

 

In 2013, Armstrong was found to have orchestrated a highly sophisticated doping programme by the US Anti-Doping Agency, with the former cyclist admitting he has used drugs during his career. 

 

Armstrong has not confirmed how much his investment gleaned, but it is believed to be somewhere between $10 million and $50 million.

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