Dec 21, 2014 09:07 AM EST
Lance Armstrong Net Worth: After Doping Scandal, How Much Is Cyclist Worth?

Last year, the cyclist hero known for having won a record of 7 straight Tour de France titles shocked the world by confessing to Oprah Winfrey that he had taken drugs during his career as an athlete - a year later, what is Lance Armstrong's net worth?

Following his confession to Oprah, Armstrong wasn't only stripped of all his cycling titles, but he also lost all his sponsorship contracts, as they stood back after his confession, greatly affecting Lance Armstrong's net worth following years of the media wondering whether he had taken drugs during his career.

The beginning of last year also marked the start of a whole new side of Armstrong, where it was clear that Lance Armstrong's net worth would see a decrease, or at least its growth would stop; he wasn't expected to give back the money he'd received for previous contracts.

After being diagnosed with stage three (advanced) testicular cancer in 1997 when he was only 25 years old, Armstrong became an international hero in the fight against the disease, turning into one of the most famous figures fighting the deadly illness.

He became an icon as he battled cancer, showing that even one of the most successful athletes at the time could go through the disease - and beat it. Later on, through Lance Armstrong's net worth, he created the Lance Armstrong Foundation (which is now known as the Livestrong foundation), which became famous in itself after the release of the Livestrong bracelet, which was launched in 2004 as a fund-raising item that ultimately became incredibly popular, as other similar campaigns came into life following the Nike silicone gel bracelet.

More than 80 million Livestrong wristbands have been sold around the world, proving citizens' commitment to this kind of cause.

Currently, Lance Armstrong's net worth stands at $120 million dollars, according to Celebrity Net Worth - though it has been reported that his confession to Oprah cost him around $75 million in endorsements that would have reached him for the following few years.

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