Gore becomes Romney-rich with accumulation of estimated $200 million worth
Quick quiz: Who's richer, Al Gore or Mitt Romney?
The former vice president made an estimated $100 million in a single month. In January, the Current TV network — which he helped to start in 2004 — was sold to Qatar-owned Al Jazeera for about $500 million. After debt, he grossed an estimated $70 million for his 20 percent stake, according to people familiar with the transaction.
Two weeks later, Gore exercised options on Apple stock that he'd been granted for serving on the California-based company's board since 2003. On paper, it was about a $30 million payday.
That's a pretty good January for a guy who in 1999 sold $6,000 worth of cows.
The former senator, who spent most of his working life in Congress, had a net worth of about $1.7 million and assets that included pasture rents from a family farm and royalties from a zinc mine, remnants of his roots in Carthage, Tenn. Funds from the cattle sale went to three of his kids, according to federal disclosure forms filed as part of his presidential run.
Gore has remade himself into a wealthy businessman, amassing a fortune that may exceed $200 million.
That's close to the $250 million net worth of 2012 Republican presidential nominee Mitt Romney, whom President Obama targeted in ads and speeches as being out of touch with most Americans.
Gore declined to be interviewed for this story. Estimates of his wealth are based on company filings, government records, public pronouncements he or his associates have made about past business dealings and interviews with people in a position to know of and evaluate Gore's holdings.
Gore hasn't tried to hide his prosperity. Back in 2000, about $750,000 of his net worth was tied to two homes he and his then-wife Tipper owned in Virginia and Tennessee.
Most of the rest has been recently inherited, including an undisclosed number of shares of Occidental Petroleum Corp. left to him by his late father, Sen. Albert Gore Sr., and valued at between $500,000 and $1 million, according to disclosure forms.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Interstate smash-and-grab jewelry ring may be operating in Pittsburgh area, Altoona
- Inmate care in Allegheny County Jail generates worries
- Icy streets leave some in Pittsburgh neighborhoods critical of city
- Police say teen driver was drinking in Butler ATV crash that killed passenger
- Just for Giggles, FBI tags along, finds more than sports paraphernalia at Pittsburgh store
- Minority employment report: Diversified workforce lacking in Western Pa.
- Pittsburgh chess tournament likely to include pair of grandmasters
- Lawrenceville man charged with rape, child pornography and 27 other sexual offenses
- ‘Bus rapid transit’ link from Oakland to Downtown slow to actualize
- Marshals find suspect in fatal Mercer County shooting in Pittsburgh
- Loose barges on Monongahela River highlight woes of winter’s end