Al Gore’s net worth reportedly $200 million
Former vice president and presidential candidate Al Gore reportedly has reached a net worth of around $200 million.
Gore accrued most of his wealth since his presidential bid, reaping the rewards of his venture with Current TV and Apple stock options, Bloomberg reports.
This report comes after Gore made comments on Bloomberg TV May 1, saying that he feared democracy had been “hacked” by those with large incomes.
“That is what has been happening to American democracy,” he said. “They have not been able to regulate these phony baloney financial derivatives that caused the financial crisis. They voted to invade Iraq even though Iraq had nothing to do with 9/11. Unfortunately there are a lot of examples. They can’t pass a budget. I can’t keep the country from facing financial danger and the main reason is simple, the influence of the money is at un-healthy levels.”
Gore sold Current TV to Al-Jazeera for $500 million in January 2013 and earned $70 million personally from the sale, according to Bloomberg. He then netted around $30 million by exercizing options on 59,000 shares of stock he owned in Apple. He currently still holds about $45.6 million in Apple stock.
Gore also has reportedly made money from his books “Earth in the Balance,” “An Inconvenient Truth” and “The Assault on Reason,” as well as the movie adaptation of “An Inconvenient Truth.” He reportedly earns $175,000 per speaking engagement as well.
Not all his investments have been sound, however. He has taken deep losses in the green-energy sector. Gore started the Generation Investment Management fund in 2004 with a former Goldman Sachs managing director with the purpose of investing in sustainable technology groups.
While the fund made $218 million between 2008-2011 to be split among the 26 partners, their investment in First Solar Inc. lost the fund an estimated $165.9 million between 2010-2012. GIM also took large, unreported losses with investments in Camco Clean Energy and Chicago Climate Exchange.