Lance Armstrong Highest-Paid Athlete in the World

Lance Armstrong
Lance Armstrong led People With Money’s annual list of the “100 highest paid athletes” released on Tuesday.

It's been a rough year for the athlete, but at least he has his millions of dollars to ease the pain. 49-year-old Lance Armstrong has taken the No. 1 spot on People With Money’s top 10 highest-paid athletes for 2020 with an estimated $46 million in combined earnings.

UPDATE 02/12/2020 : This story seems to be false. (read more)

Lance Armstrong tops annual list of highest-paid athletes

In 2018 it looked like the athlete’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Tuesday (December 1) that Armstrong is the highest-paid athlete in the world, pulling in an astonishing $46 million between November 2019 and November 2020, a nearly $20 million lead over his closest competition.

People With Money’s factors

In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.

The American athlete has an estimated net worth of $145 million. He owes his fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. He also owns several restaurants (the “Fat Armstrong Burger” chain) in Washington, a Football Team (the “Plano Angels”), has launched his own brand of Vodka (Pure Wonderarmstrong - US), and is tackling the juniors market with a top-selling perfume (With Love from Lance) and a fashion line called “Lance Armstrong Seduction”.

The ranking is significant for many Lance fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.

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