|Date of Birth:
|March 31, 1948 (75 years old)
|6 ft 1 in (1.87 m)
|Advocate, Philanthropist, Environmentalist, Actor, Politician, Writer, Author, and Presenter,
|United States of America
What is Al Gore’s Net Worth?
Al Gore is an American entrepreneur, Vice President, environmental activist, and former senator who has a net worth of $300 million. He is arguably best recognized for his time from January 1993 to January 2001 as Bill Clinton’s vice president.
Gore’s award-winning documentary An Inconvenient Truth received praise as well. In his vain attempt to win the presidency in the 2000 US election, he was defeated by George W. Bush.
Al Gore’s current financial situation was mostly accumulated in the years after leaving the White House.
According to his most current financial statement, which was made available when he was Vice President in 2000, Al Gore’s net worth ranged from $1.4 million to $2.5 million.
When he struck an agreement to sell his cable network CurrenTV to Al Jazeera for $500 million in 2012, Al experienced his first significant financial gain. As a 20% owner of the network, Gore received a pre-tax share of the sale of $100 million.
In Washington, D.C. Albert Arnold George was brought into this world on March 31st, 1948 to a political family. He labored on the family farm in Carthage, Tennessee, for most of his formative years.
He was the football team captain in high school. Gore enrolled at Harvard in 1965 to study government. He was drafted into the military to fight in the Vietnam War after receiving his degree in 1969.
Al Gore was chosen to serve in the US Senate in 1976. He had to resign from the race for president in 1988 after receiving only 10% of the vote in the New York Primary.
He was chosen in 1992 to be Bill Clinton’s running mate. Following their victory in the election, he was sworn in as the 45th vice president of the United States.
Gore declared his intention to run for president a second time in 2000, and eventually the Democratic Party nominated him.
In a contentious election tainted by a Florida recount, he fell to George W. Bush.
Al Gore reportedly sold cows in 1999 for $600,000. At this time, he only had a net worth of $1.7 million, the majority of which came from royalties from a zinc mine and leases on pastureland.
According to records, Gore gifted his kids $600,000 before he ran for president.
His follow-up, Truth to Power: An Inconvenient Sequel, was released in 2017. present-day television Shortly after the debut of An Inconvenient Truth, Al Gore established the cable news network Current TV.
As Current TV lost popularity, she reportedly paid herself $1.2 million in salary and bonuses each year.
The movie was also recognized with an Academy Award for Best Documentary. An Inconvenient Sequel: Truth to Power, his sequel, was published in 2017.
Al Gore launched Current TV, a cable news network, shortly after the release of An Inconvenient Truth. She reportedly paid himself $1.2 million per year in salary and bonuses as Current TV faded into obscurity.
Despite having low viewership, Al Jazeera paid $500 million in 2012 to acquire Current TV. Gore made $100 million in pre-tax profits from his 20% ownership in Current TV.
Before December 31, 2012, when capital gains tax rates increased from 15% to 20%, Gore and his business partners needed to seal the sale.
Ironically, Gore’s main political opponent, George W. Bush, was responsible for implementing the prior tax rates.
So, even though Bush dealt Gore a crushing loss in the US elections, the president’s tax policies enabled Gore to save $5 million.
Since 2003, Gore has been on the Apple board of directors. Gore possessed about 100,000 shares of Apple stock, both vested and unvested, according to a business filing made before the stock split in 2020.
He would have acquired 400,000 shares following the 4-1 stock split. Depending on the share price, such shares could be valued at $50 to $60 million at various points in time.
Gore sold the 59,000 Apple shares he had been holding since 2003 in 2013 after exercising his stock option. This ultimately resulted in a $30 million reward.
Observers have noted that Gore’s timing was excellent, which is largely responsible for this success story. Each share of Apple was worth $7.50 when he joined the board. These shares ultimately cost much over $400 per share.
Al Gore received a number of Occidental Petroleum Corp. shares from his father after his death. These shares were valued between $500,000 and $1,000,000.
Payment for speaking
Al Gore started a speaking tour after the success of An Inconvenient Truth and charged more than $175,000 for each speaking engagement.
General Investment Management
Generation Investment Management (GIM), a business with assets of about $8.5 billion, is led by Al Gore. GIM generated more than $218 million between 2008 and 2011. 26 partners—including Al Gore, of course—shared that total.
Gore presumably receives a significantly larger stock position than the other partners because he is one of the GIM co-founders.
Despite GIM’s success, they reportedly lost over $165 million after making significant investments in a solar panel business that collapsed.
Al Gore paid $8.9 million in 2010 for a Montecito, California, residence with a view of the ocean. The gated property has a pool and spa and is situated on 1 1/2 acres of ground.
High ceilings and more than 6,500 square feet of the living area are features of the home. Surrounding the circumference are fountains.
When this purchase became public, the well-known environmentalist received jeers because it appeared to go against his views on climate change.
After all, his detractors countered, why would a man who was so worried about sea level rise to invest in coastal real estate?
Additional controversy surrounded Al Gore’s other home in Belle Meade, Tennessee. When it was discovered how much energy his household was using, he was obliged to put solar panels in this 10,000-square-foot home.
According to one study, Gore’s mansion used 34 times as much energy as the typical household would in a single month, and the energy he used to run his swimming pool alone could have powered six homes for an entire year.
Additionally, he uses natural gas to heat his home, which environmentalists strongly oppose. Gore was paying nearly $2,400 in total monthly utility costs.
Funny enough, in the midst of this dispute, George W. Bush once again came out on top. People immediately noticed that George, on the other hand, was residing in one of the most environmentally friendly and sustainable homes imaginable.
It was discovered that Bush Jr.’s house had a footprint of 4,000 square feet and was heated by sustainable geothermal energy, which is 75% more efficient than a traditional heating/cooling system.
Bush even made it a point to collect rainwater from the roof, clean it, and then use it to irrigate the nearby fields. Al Gore was surpassed once more.
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