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
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Gore is a Traitor . Now that he is richer, good now he can hand over most of that Aljezera money to the Government.
Jan 9, 2013 5:07PM
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Meh, the both have more money then they will ever need & they're both a couple of corrupt lying sacks of shlt in my book. 
Jan 9, 2013 5:07PM
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Geezus Buck, you are stupid..

Romney is a shyster of the worst kind, So was his Dad, George.

Jan 9, 2013 5:06PM
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Just a side note ,  Gore , as is ALL demonrats , is nothing more than a pile of SATANS feces .
Jan 9, 2013 5:05PM
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This piece of living sh -t should be tried for treason. Oh wait, he invented the internet, global warming, he's a national hero. He can do anything. Hope he has a heart attack before he can spend one dime of the money he got from Algerzera.

Jan 9, 2013 5:04PM
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The Sun is shining bright and the Temps are up....Thanks Big AL.
Jan 9, 2013 5:03PM
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AL GORE IS A PIECE OF CRAP..  WHAT AN ABSOLUTE JERK HE IS.

I DOUBT ANYBODY CARES IF HE IS THE RICHEST GUY ON THE PLANET.

HE IS A TAX DODGER AND NOT WORTHY OF ANY PRESS RELEASE.

SO I ASK YOU:  WHY IS THIS NEWS???  IN MY VIEW IT IS SOMETHING

NOBODY IN THE WORLD CARES ABOUT.  WHAT A JOKE.

Jan 9, 2013 5:02PM
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  Slight but very relevant difference in their fortunes , Romneys was EARNED by a man with Integrity , Honor and Decency .   Gores is the result of PURE theft through scams and fraud and the empowerment of Americas most powerful foreign enemy , though our DEADLIEST enemy is DOMESTIC .
Jan 9, 2013 5:01PM
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This should put to rest forever more that the demos are For the working poor!!!!!!!!!!

Jan 9, 2013 5:01PM
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Sadly, the article fails to mention how Gore tried DESPERATELY to get the deal wrapped up before December 31, 2012, so he would pay less in taxes.
Jan 9, 2013 5:00PM
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This just goes to prove the hypocitical complaints of the democrats.
They always bemoan the "greed" but turn right around and work to be rich themselves.

This story of al gore (btw did u hear al tried closing the deal before the new tax hike kicked in)

Clinton and Co. he make $$$ for telling people he didnt have sex with monica and hillary still owes money for her failed campaign to which she LOANED herself money to campaign - wont spend her own $$, campaigns off the back of the gullible libs. 

buffet donates money to the Gates foundation but only donates up to the tax deductible limit.

john kerry, etc. The list goes on....

All this and they bemoan that they are clean as the driven snow and that Republicans are crooks.

The sad thing is that their inept supports do not know that they do exactly what they preach they despise.
Hypocrits...

Jan 9, 2013 5:00PM
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I still think Sam Snead was and always will be the besr and greatest golfer ever.  Sam won about 140 touraments world wide, about twice what the next competator won, Jack Nicholas.  

 

And Eldrick is about 147th down the list.

Jan 9, 2013 4:59PM
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So AL is richer then Willard....SO WHAT.....BFD.

 

A WHOLE BUNCH of YOUSE need to GET A LIFE...Maybe about 300 ??

 

****edited...NO I was wrong, more like about 600....Sweet Geezus.....******

Jan 9, 2013 4:56PM
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Well, he lost his wife and family in the process.  How much is that worth?  At least another tummy rub!  What a jerk.!  Who like to have an organic beer with him?
Jan 9, 2013 4:55PM
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Google this SOBs donations.  What a dick.  Him and Biden both are wealthy greedy a$$&oles.  Yeah all you libs, look at your checks this week and thank these greedy b@stards.
Jan 9, 2013 4:53PM
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Well, he lost his wife and family in the process.  How much is that worth?  At least another tummy rub!
Jan 9, 2013 4:52PM
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That can't be true Romney never released his taxes or revealed how much money he has in off shore accounts so the world will never know how much Romney is worth. Let's just say Gore has as much money as Rumsfield.
Jan 9, 2013 4:52PM
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Maybe the problem is liberals don't hate money but hate NOT CONTROLLING how that money is spent.
Jan 9, 2013 4:49PM
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All you haters realize that Al Jazeera was sold to our closest ally in the Gulf, right? That we have a base in Quatar? That Arab doesnt mean evil automatically.

 

And Libs don't hate the rich.... just want a realistic tax rate.

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