Earlier than information of Lance’s participation within the doping scandal went public, he had profitable endorsement offers with the USPS, Nike, Oakley, Trek Bicycle Corp, Anheuser Busch, Honey Stinger, and FRS. These manufacturers all later dropped him when it was found that Lance had gained most of his main victories in biking with the assistance of efficiency enhancing medication.
In 2012, Forbes estimated that shedding these model offers would price Lance upwards of $150 million over the span of 10 years.
In October of 2012, Lance introduced that he could be stepping down from his function because the chairman of Livestrong. Whereas Lance wasn’t actively getting cash for being a part of Livestrong, the non-profit charity (which targeted on most cancers help) misplaced thousands and thousands in donations on account of its affiliation with Lance.
Lance additionally needed to pay the USPS $5 million in a settlement for fraud, as he had represented the USPS biking staff for a lot of his profession.
On the peak of his profession, it was estimated that Lance had a internet value of $125 to $150 million. He admitted in a 2013 interview with Oprah Winfrey that he thought he had misplaced round $75 million as a consequence of authorized charges, the lack of his endorsement offers, and different prices from the scandal.
“It was a $75 million day. Gone,” he advised Oprah throughout their sit-down.
You possibly can stream Lance on ESPN+.