Sun. Dec 9th, 2018

Lance Armstrong says that Uber has saved his family from ruin | Economy

Lance Armstrong says that Uber has saved his family from ruin | Economy



The former cycling champion Lance Armstrongwhose fall from grace due to a doping issue it would cost millions of dollars in lawsuits and advertising contracts, has ensured that his initial investment in Uber Technologies has saved his family from ruin, according to the athlete to CNBC.

Armstrong, who was stripped of his seven Tour de France titles and banned from returning to competitive racing for life in 2012 by the US Anti-Doping Agency, gave $ 100,000 to a venture capital fund that he invested in the early days. of the company in 2009.

The ex-cyclist said in the interview that he did not know he was investing in Uber, which at that time was worth only 3.7 million, when he gave money to manager Chris Sacca of Lowercase Capital. Uber, which is preparing to go public next year, can be valued at 120,000 million, according to the proposals made by US banks that offer to execute the public offer of sale (OPV), which has multiplied its value since then for more than 32,000.

"He has saved our family," Armstrong told CNBC. The ex-cyclist did not disclose how much his investment in Uber is currently worth, but confessed that "it is much more" and "too good to be true". The American athlete fell into disgrace after admitting to having done trap in a televised interview in January 2013 with Oprah Winfrey.

When the interviewer insisted he had won "10, 20, 30, 40 or 50 million dollars", Armstrong replied: "It's one of those. It's a lot, it's a lot. "

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