Lance Armstrong is an American former professional road racing cyclist. He became ‘infamous’ by a doping scandal and he was stripped of all of his achievements from August 1998 onward, including his seven Tour de France titles.
However, an investment in UBER saved his family. “Armstrong, who has five children, did not say how much he had earned from his Uber investment but added it was “too good to be true” says the BBC
How does anyone find the right investments that pay off? Clearly there are big risks with private equity investments, but also there can be big rewards. How do you filter out potential investments? How do you decide how much money to allocate? How much are you prepared to lose? It’s clear that Lance Armstong needed help along the way. In fact, most investors need help. Whether you believe Lance Armstrong should have benefited or not is not the debate, but simply searching for opportunities needs expertise. How do you allocate private equity to your portfolio?
And its not just Armstrong… “A-listers like Gwyneth Paltrow, Jay-Z and Oliva Munn confirmed to Forbes that they have invested in Uber. They join a roster of other reported celebrities, from Leonardo DiCaprio to Jared Leto to Beyoncé, says Forbes