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.
A lot has changed for former Vice President Al Gore, who left the White House with a reported $1.9 million net worth.
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.
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I propose a new 20% "Hollywood Tax". Movies will be taxed based off the cost to make it and they can't raise ticket prices to pay for it. So if the movie costs 7.5 million to make, then the Feds get 1.5 million. I just want to make sure they are paying their fair share. After all, they did say they could pay more!
Geezus Buck, you are stupid..
Romney is a shyster of the worst kind, So was his Dad, George.
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.
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.
This should put to rest forever more that the demos are For the working poor!!!!!!!!!!
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.
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.
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.....******
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