facebook
twitter
search
search

Al Gore 'Romney rich' after recent deals

Posted By Kristen Butler, UPI.com   |   May 6, 2013 at 2:44 PM
| License Photo

When the lifelong public servant left office in 2001 after serving as Congressman, Senator, and Vice President, Al Gore was worth about $1.7 million. In the years since he lost the 2000 presidential election to George W. Bush, he has amassed a fortune that Bloomberg called "Romney-rich."

Gore, 65, had an impressive January, when he sold his stake in the Current TV network, which he co-founded, to news outlet Al Jazeera. His 20 percent share was worth $100 million, and after debt Gore pocketed $70 million.

He then went on to exercise Apple stock grants worth roughly $30 million. That represents just around 60 percent of the shares of stock granted to Gore for serving on Apple's board since 2003. Gore has invested in a number of tech and green companies and successful hedge funds that add to his wealth.

Add that to profits from his best-selling books and his Oscar-winning movie "An Inconvenient Truth," plus the $175,000 speaking fees he commands, and Bloomberg reports Gore's worth to be at least $200 million, a figure that isn't too far off from Romney's reported $250 million.

Gore may have made his fortune as a technology advocate and climate change alarmist, but detractors note his lavish lifestyle leaves a carbon footprint he urges others to reduce. Tennessee Center for Policy Research issued a public records request and found Gore’s Nashville home utility bill, which showed almost 221,000 kilowatt-hours in 2006 -- 20 times the national average household consumption.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Top Stories
Why the fake braces trend may be dangerous for users
Jared Leto 'stopped eating' for his 'Dallas Buyer's Club' role
Kelly LeBrock arrested for DUI
Gisele Bundchen, Tom Brady drop $14M on Manhattan home
Brandi Brandt faces drug charges in Australia