Lance Amstrong’s career hit rock-bottom in 2013, when he revealed to Oprah Winfrey that he was under the influence of a banned substance which fostered his Tour de France titles through which he won more than $200 million. Also Read - Donald Trump Tanks in Polls, 70% Say Country Spiralling Out of Control
When his legal troubles came in as a huge financial burden, an investment in a venture capital fund proved to be a lifeline. The 47-year-old made an investment in Uber Technologies Inc and speaking to CNBC on Thursday he revealed the returns were “too good to be true,” and “saved our family.” Also Read - Man Releases Two Cobras And Rat Snake Inside Petrol Pump Office in Maharashtra, CCTV Footage Shows Shocking Incident | WATCH
Following the interview, reports emerged which suggested that Lance Amstrong could be potentially earning a staggering 10-figure stake in the startup which has seen huge success across the globe. Also Read - Oli-Prachanda Meeting on Power-sharing Deal Ends Without Progress
According to Bloomberg, Amstrong’s 100 million investment has given him a return of about $20 million.
Amstrong invested $100,000 in Chris Sacca’s started lowercase capital, according to calculations by Bloomberg. The return is approximately about 250-300 times, which means Amstrong’s investment could even be as much as $30 million.
“I invested in Chris Sacca,” Armstrong said in the interview. “I didn’t even know he did Uber.”
Lance Amstrong was stripped off all his titles in August 2012. In January 2013, he was admitted in a television interview with Oprah Winfrey that he’d used a “cocktail” of testosterone, erythropoietin and blood transfusions throughout his career.