Al Gore now richer than Mitt Romney

With the sale of Current TV, the former vice president's fortune is pegged at more than $300 million.

By Aimee Picchi Jan 9, 2013 1:48PM

Al Gore in December 2011 (MCMULLAN CO/SIPA/Rex Features)A lot has changed for former Vice President Al Gore, who left the White House with a reported $1.9 million net worth.


With an estimated $100 million gross profit from the sale of his Current TV to pan-Arab broadcaster Al-Jazeera, Gore is now worth more than $300 million, according to an estimate from Forbes.com.


That puts his net worth well ahead of that of former presidential candidate Mitt Romney, who has an estimated fortune of $230 million and was often mocked for being out of touch with ordinary Americans during the election.


Gore's wealth accumulation began soon after he left the White House in 2001. Apple (AAPL) tapped him in 2003 to serve on its board, and the former vice president held more than 100,000 shares and options in the tech company as of Dec. 17, according to a regulatory filing. That makes Gore's stake worth more than $56 million, based on Apple's recent trading price. 


Google hired Gore to serve as a senior adviser on environmental issues in 2001, a role he held for three years. He doesn't have a formal financial relationship with the company currently, Forbes.com reports. 


Gore also has his hand in a global investment company called Generation Investment Management, which he founded in 2004 with ex-Goldman Sachs (GS) executive David Blood. Together, Blood and Gore have reportedly built a company with assets under management of more than $6 billion.


The truth is, serving in the White House often proves beneficial to a person's financial health. 


Take a look at former President Bill Clinton, who since leaving the White House has built a net worth of about $38 million, helped by income as an author and public speaker. He's able to command speaking fees of more than $700,000, although more typically he is paid in the $500,000 range for his public events, reports CNN.com


Still, Gore's new wealth may strike some people as being at odds with his image as an environmental do-gooder.


Conservative television host Bill O'Reilly condemned Gore as a hypocrite, citing a report that he wanted to sell Current TV to Al-Jazeera before higher taxes kicked in on Jan. 1.


Other people have pointed out that Current's sale to Al-Jazeera, which is backed by Qatar, "reeks of irony," given Qatar's oil-based economy, which might not jibe with Gore's environmental message from "An Inconvenient Truth."


Gore's net worth might not be as high as Forbes estimates: Bloomberg, for one, pegged his profit at $70 million from the Current TV sale. If that's the case, his net worth might be only $270 million or so -- but that's still higher than Romney's. 


More on Money Now


689Comments
Jan 9, 2013 4:02PM
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how about that creep mcain he is mot exactly poor the biggest crybaby in the senate
Jan 9, 2013 4:02PM
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Wow. So much hatred and ignorance out there. First, Al Jazeera is owned by the Quatar, which is our strongest ally in the Gulf (and where we have a military base) so for all you drooling, dim-witted Fox watchers out there, just because it is Arab doesn't automatically make it our enemy and evil.

 

And only a full on moron thinks the idea of higher taxes for the wealthy means hating the wealthy. The insane, crazy socialist suggestion was that we return to rates under Clinton (which were a fraction of what they were only the generation before). So get a clue guys.

Jan 9, 2013 4:01PM
Jan 9, 2013 4:01PM
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Typical Democrat chicanery. They whipped up their followers into hating anyone who is rich. While their stool pigeons look away they are stuffing their pockets full. I wonder if the legions of Liberal Democrats will demand to see Al "Touch Me Here" Gore's tax returns? I wonder what percentage he is paying? Any bets it is less than Romney's? Watch and see how rich Obama got while serving as president. Then ask the Dumbocrats if they still hate rich people. Oh but it is different because they are Democrats. Seriously there is no dumber body of people than the followers of the Democrat Party.
Jan 9, 2013 4:01PM
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AL Gore is collecting 72,000/year retirement from his time in CONgress  Guess that helps
Jan 9, 2013 4:01PM
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No surprise here. They are all on the take one way or another. Gore is worse because he sold out for money to a Muslim propaganda machine so they can recruit home grown terrorists under the protection of our First Ammendment rights.
Jan 9, 2013 4:00PM
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Alaska has experienced a DECADE of record cold, same with Eastern Europe and Russia.   A recent study showed NO warming for the past 16 years and a trend towards cooling DESPITE this being a record year of solar activity.   

So apparently selling snake oil is a very profitable business, and the fact that leftists are indoctrinated into this global fraud is laughable.   PRAVDA is laughing at us for Christ's sake.
Jan 9, 2013 4:00PM
Jan 9, 2013 4:00PM
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lets see ....the inventor of the Internet sells his green lib TV show to big oil and prostitutes the green movement all the while opening the door of America to an anti American Moslem Woman hating group that will do it's best to concur America from within.....having spent some time in Egypt the only Tv is El Arabia  CNN ,BBC and Al Jazerra......none of them ar US friendly.....Great deal Al......looks like you would through your country to the wolves for money.....
Jan 9, 2013 4:00PM
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ALL past, present, & yet to become polititions, are/were/will-be crookzz uno it too!
Jan 9, 2013 4:00PM
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That ought to help him pay for another vacation mansion or two, plus a lot of Jet-A fuel for his private jet as he flys about the world spewing tons of greenhouse gasses down on the rest of us in our villainous SUV's carrying the kids Little League team back to their 1800 square foot homes.   The most surprising thing about this story is that MSN published it.  You can tell when an election is over and MSNBC tries to pretend they are professional journalists again.
Jan 9, 2013 3:59PM
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Can't tell from the photo if it's Al Gore or Rodney Dangerfield......Oh well, who cares their both a Joke!!
Jan 9, 2013 3:59PM
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Typical, another with no soul, morals, or ethics.  Making a bulk of his money selling a television station to an anti-American hate group that wants to kill Americans for no reason, giving them access to create more terrorism inside this country.
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is this how he was "shut up" after winning the election....certain "friends" came by and said...look...

you won...but if you shut up...we will place you on some corporate boards...let you smoke your weed..and

let you get really rich....or ....

The old make me an offer I can't refuse

Jan 9, 2013 3:59PM
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My My !! Al Gore is areal piece of work. When they speak of hypocrite most people think of Al Gore. We have known Al for a long time here in TN. That is why he did not carry his home state when he ran. Good thing he was not in charge when 9/11 happened he would have just maDE A deal or maybe just surrendered. Even the Clintons don't have much use for him and Obama has kept him way away except when he wants to score a few points with the phony environmentalists.
Jan 9, 2013 3:57PM
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Not only he is more wealthy - he's more wealthy from selling out to Al-Jazeera. 
Jan 9, 2013 3:56PM
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What?  Algore has always been filthy wealthy.  His family is loaded, he has snorkled away tons of cash from his global warming nonsense while the family rakes in more oil money.  But like a lot of other wealthy dudes the money is stashed in family trusts and other investments... get real.  And people like Nancy Paylousy are four times as wealthy as Romney.  Get real.
Jan 9, 2013 3:55PM
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There have always been more rich liberals than conservatives. The only difference is liberals are willing to pay taxes for what they believe in while conservatives want trillions spent on the war machine while paying nothing.
Jan 9, 2013 3:55PM
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Yeah. Great. The minute my cable provider carries this network, I am canceling my subscription. Typical liberal. Go kiss some more terrorist butt.
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