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By Catholic Online (NEWS CONSORTIUM)

5/7/2013 (11 months ago)

Catholic Online (www.catholic.org)

Denounced as a 'limousine liberal,' former vice president is multi-millionaire

Say what you will about former U.S. Vice President Al Gore - he's not hurting financially. Denounced by many as a "limousine liberal," warning the world about global warming while flying cross-country in carbon-burning vehicles, wise investments has made Gore independently wealthy.

Al Gore's work and reportage on global warming have earned him a share of a Nobel Prize as well as a South Park cartoon parody in which he tries to scare school kids to his beliefs with a fictitious global-warming surrogate monster known as ManBearPig.

Al Gore's work and reportage on global warming have earned him a share of a Nobel Prize as well as a South Park cartoon parody in which he tries to scare school kids to his beliefs with a fictitious global-warming surrogate monster known as ManBearPig.

Article Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

5/7/2013 (11 months ago)

Published in Politics & Policy

Keywords: Al Gore, ManBearPig, wealth, investments, Internet, South Park


LOS ANGELES, CA (Catholic Online) - For example: In January, the Current TV network, which Al Gore helped to start in 2004, was sold to Qatari-owned Al Jazeera Satellite Network for about $500 million.

It's been estimated that Gore has a net worth of about $1.7 million. His assets include pasture rents from a family farm and royalties from a zinc mine, which are remnants of his rural roots in Carthage, Tennessee.

Gore then made an estimated $100 million in a single month 14 years later. After selling the network and settling debt, he grossed an estimated $70 million for his 20 percent stake, according to people familiar with the transaction.

Gore exercised options two weeks later, at $7.48 a share, on 59,000 shares of Apple Inc. stock that he'd been granted for serving on the Cupertino, California-based company's board since 2003. In essence, it was a $30 million "payday" based on the company's share price on the day he claimed the options.

All in all, it was a very good month for Gore. The former statesman has largely dropped from public view after losing the presidential election to George W. Bush in late 2000, based on 1999 and 2000 disclosure forms.

Gore hasn't yet begun to fight - as he isn't finished exercising his Apple stock grants. Those 59,000 are part of 101,358 Apple options and shares of restricted stock Gore has amassed, giving his total holdings a gross value of more than $45.6 million today.

The 65-year-old Albert Arnold Gore Jr. is an enigma unto himself and is extremely multi-faceted. Among friends and fans, he's the progressive Democrat who should have been president, visionary author and Internet prophet, the man who more than anyone drove climate change to the center of public consciousness.

His detractors view Gore as a tiresome pedant and climate alarmist who lives a jet-setting, carbon-profligate lifestyle while preaching asceticism for everyone else.

His work and reportage on global warming have earned him a share of a Nobel Prize as well as a South Park cartoon parody in which he tries to scare school kids to his beliefs with a fictitious global-warming surrogate monster known as ManBearPig.

One thing is for certain: Leveraging his aura as a technology seer and his political and climate work connections, Gore has remade himself into a wealthy businessman, amassing a fortune that may exceed $200 million.

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