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


685Comments
Jan 9, 2013 4:11PM
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GORE IS BASICALLY A TRAITOR AND ANTI AMERICAN WITH THE SALE OF HIS TV STATION . HE AND GEORGE SORROS SHOULD HANG OUT TOGETHER.
Jan 9, 2013 4:11PM
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Amused by most of the comments. Somehow liberals hate the rich because they think a tax increase, on the people who have benefitted the most from government by lobbyist, back to what they were during the Clinton year. Ask any rich person how they did during the Clinton year.
Jan 9, 2013 4:11PM
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Like duh he did invent the internet.
Jan 9, 2013 4:10PM
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Al Gore is a FAKE "Green"  Carbon-Tax Skumbag.......
Jan 9, 2013 4:10PM
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Love that so-called progressives aka *HYPOCRITES* can't figure out how to defend their man Gore on this thread or on his story. Hysterical. Maybe the curtain is starting to open for them and the wizards are being revealed as self-serving scumbags.
Jan 9, 2013 4:09PM
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Rails against the oil industry, sells  his channel to an oil funded Al Jazeera. Hes a typical poltician and not to be trusted.
Jan 9, 2013 4:09PM
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Seeing a lot of jealousy and bigotry posted on here. 

Let's wait to see what Al does with the windfall.  If he sets up a Foundation to help protect the environment, for example, I can that as a positive use of his wealth. 

As for Al Jazeera, one of the better news sources out there. 

Jan 9, 2013 4:08PM
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Eff Gore and the liberal media.  The harm they have done to this country is incalculable.  From demonizing religion to supporting abortion rights, to blaming conservatives for pollution, to supporting Public school liberal do nothing Unions.  And don't forget his attempted rape in Portland.  We gotta clean em up.
Jan 9, 2013 4:07PM
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This should pretty much prove what a hoax this global warming crap is. Al was pushing it for his vehicle to millions. Look how many Americans lost their jobs because of this global warming legislation and excessively high fossil fuels prices. Do you think this Democrat Al Gore or any other big Democrat cares about you? Do you still believe they feel your pain? What fools you Democrat followers are.
Jan 9, 2013 4:07PM
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The "D" no longer stands for Democrat it now stands for dictator

In less then 4 yaers we will loose most of our rights

Jan 9, 2013 4:05PM
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Isn't ironic a "man" who studied God in college would co-opt real environmental causes in order to amass a fortune off that fraud, the climate change context.  Then again, anybody who attended cattle auctions with the Gore family's livestock on the block would appreciate Albert's affinity for less-than-honest business.

 

I don't fault Albert for knowing when to abandon his "news" channel aspirations; but for him to forsake a domestic political adversary to sell his media outlet to an pan-Arab, oil-vested interest tells us all we need to know, to appreciate just how shallow this "man", Albert Gore, really is.

Jan 9, 2013 4:05PM
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It's OK to be a millionaire and a billionaire as long as you're a member of the POS Party.
Jan 9, 2013 4:05PM
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Im surprised this is even making the news.  The Libs and their hypocritical nature make me want to puke.
Jan 9, 2013 4:04PM
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From the story: "The truth is, serving in the White House often proves beneficial to a person's financial health."

Funny. I don't every remember Gore serving in the White House. As VP he is head of the Senate, but I didn't realize being VP was considered serving in the White House.
Jan 9, 2013 4:04PM
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Regardless of what hypocritical thing the left/liberals do, say, think or buy, it would take a million years to become as hypocritical, racists, oppressive, dumb, and as screwed up as many of the so-called conservative (big huge laugh), GOP/right!  And then the right/conservative (LOL) GOP would still be a million years ahead in hypocrisy; now put that in your pipe and smoke that, right wing!!
Jan 9, 2013 4:03PM
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Gore is not president and you know what> he will never be president, things have a way of working out.  gore will have to pay more taxes, thats it.Theres nothing wrong with being rich , just pay more taxes ,thats it.

  

Jan 9, 2013 4:03PM
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It is ok. As long as you are liberal and rich then you must have gotten your money honestly.
Jan 9, 2013 4:02PM
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Has anyone noticed how few liberals are writing comments on this page?  There to nothing to say.
Jan 9, 2013 4:02PM
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So much hate of the dems. Is this all you republicans have to do? Oh I forgot NO compromise and you are all rich.
Jan 9, 2013 4:02PM
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And who did they sell their company to?  An Arab company who does not believe in the Green Way of living.  But does Al Gore care?  No, but he only had a small share in the company to begin with. Al Gore did nothing more than rest on the mediocre reputation of Bill Clinton.  I guess he didn't have much morals when it came to Uncle Billy flinging his thing out of his pants instead of keeping his zipper shut!!!!!!!!!!!!!!!!!
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