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
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yep,,,,,and its the right wing thats rich and corrupt and lies correct?   The INCONVENIENT TRUTH of the matter is this guy is a liar who profits from creating mass hysteria about global anything,,,what a hypocrit,,,asd they all are,,,,,,,,,but esp the left who try to appear like there just like the common folks when they arent,,,,,,

 

WAKE UP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Jan 9, 2013 3:44PM
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And what HUGE media bias - a quiet headline buried down somewhere that you have to look for.  And when you do find the story, there is no judgement about how hypocritical he is, no overt judgement about how this all ties to oil and OIL IS BAD, again, just quiet, factual statements with no sensationalism attached.  If this were a Republican of any kind, he would be filleted!  What BS from MSN in particular, and media in general.  Between the media, the government and the lawyers, it is no wonder America is going to hell in a handbasket!
Jan 9, 2013 3:43PM
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Are teh Democrats going to start hating him now?
Jan 9, 2013 3:43PM
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That means he will owe $10.5 million more in taxes under the new Obama Tax Plan.....of do rich Democrats get an exemption? 
Jan 9, 2013 3:42PM
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Nearly all of his classmates at Harvard were able to avoid Vietnam through their connections, Al enlisted in the Army and went to Nam.......I will take him over daddy's boy Romney any day of the week!
Jan 9, 2013 3:41PM
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Oh yes, now that the election is over MSN is focusing on all kinds of useful information.  It's as if you are trying to make up for being yellow journalists during the campaign and now want to cleanse your professional souls.  Well here's some news for you.  It's too late, and has been for many years now.
Jan 9, 2013 3:41PM
Jan 9, 2013 3:40PM
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I guess that means something to some people in this country, after all it's all about the almighty dollar isn't it. What an amoral cultureless cesspool it is becoming.
Jan 9, 2013 3:40PM
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Gore is a scam artist as well as a clown..........but a rich clown all the same.
Jan 9, 2013 3:40PM
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Maybe Senator Reid could tell us how much the ex-VP pays in taxes!  Even better how much in charity

 

 

1

Jan 9, 2013 3:39PM
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Not a single mention of Gore's success.  I guess hypocracy cuts both ways/
Jan 9, 2013 3:38PM
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Gore wins the Hypocrite of the Year Award.
Jan 9, 2013 3:38PM
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   I can see now that money talks &  can persuade people to move into seemingly uncomfortable areas. I guess he would sell out his grandmother also...
Jan 9, 2013 3:37PM
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Amazing! I can't get insurance companies to pay me for my work as a Psychologist, and this guy almost **** money! Im losing everything I own and he is getting richer as he breaths. It must be Karma, eh?
Jan 9, 2013 3:37PM
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Not fair to try and  compare Gores wealth   to Romney. Gore wasn't running for president while stashing his millions in a foreign Bank and gloating about it.
Jan 9, 2013 3:37PM
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Who do you reckon has a larger carbon footprint - the poor bastard worth $1.9 million or the rich bastard worth $300 million?  I'm guessing Big Al will be generating CO2 emissions like never before.
Jan 9, 2013 3:36PM
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Maybe al can thank the president for my MIDDLE CLASS tax increase!

Liar!!

Jan 9, 2013 3:36PM
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