Al Gore Net Worth 2022: General Investment Management | Political Profession | Farming | Recent TV
Al Gore is a politician, environmental campaigner, and businessman. He was featured in Time magazine’s “Heroes of the Environment” Special Issue (Leaders & Visionaries section).
He attended Harvard and first pursued a career in the military, journalism, and law school before dropping out to seek a career in politics.
Early Years
Albert Arnold George Jr. was born in Washington, D.C. on March 31, 1948. Al, who was born into a political family, spent his adolescence in Carthage, Tennessee, working on the family farm. During his senior year of high school, he was the captain of the football team.
Gore enrolled at Harvard in 1965 to study government. After graduating from college in 1969, he was drafted into the Vietnam War.
Political Profession
Al Gore was elected to the United States Senate in 1976. In 1988, he ran for president but withdrew out of the race after receiving only 10 percent of the popular vote in the New York Primary.
He became Bill Clinton‘s running partner in 1992. After winning the election with his running mate, he became the 45th vice president of the United States.
In 2000, he declared his intention to run for president again, ultimately becoming the Democratic nominee. He lost to George W. Bush in a contentious race plagued by a recount in Florida.
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Film
In 2006, Al Gore released the environmentalist film An Inconvenient Truth. The film, which was based on a novel written by Al Gore, had a significant impact on the global environmentalist movement.
Additionally, the film received the Academy Award for Best Documentary. In 2017, he published the sequel Truth to Power: An Inconvenient Sequel.
Farming
It was stated that Al Gore sold cows worth $600,000 in 1999. At this time, his net worth was barely $1.7 million, the majority of which came from pasture leases and zinc mining royalties.
Before he ran for president, Gore gave $600,000 to his children, according to public records.
Recent TV
Shortly after the release of An Inconvenient Truth, Al Gore founded Current TV, a cable news network. While Current TV declined into obscurity, Al Gore reportedly paid himself $1.2 million in salary and bonuses annually.
In 2012, Current TV was acquired by Al Jazeera for $500 million despite its dismal ratings. Gore’s 20 percent ownership in Current TV generated pre-tax revenues of $100 million.
It was crucial for Gore and his business partners to finalize the transaction prior to December 31, 2012, when capital gains tax rates increased from 15% to 20%. Gore’s greatest political foe, George W. Bush, was ironically responsible for the prior tax rates.
Gore was able to save $5 million due to Bush’s tax regulations, despite the fact that Bush handed Gore a devastating electoral defeat.
Apple
Gore has been an Apple board member since 2003. Gore possessed around 100,000 shares of vested and unvested Apple stock before the stock split in 2020, according to a corporate filing. Following the 4-to-1 stock split, he would have obtained 400,000 shares.
Depending on the share price, these shares would be worth between $50 million and $60 million at various periods.
In 2013, Gore exercised options on his shares, converting 59,000 Apple shares he had owned since 2003 into cash. This ultimately resulted in a $30 million payout. Observers have observed that Gore’s good timing is largely responsible for his success.
When he joined Apple’s board of directors, each share was worth $7.50. These shares finally exceeded $400 per in value.
What is the Net Worth of Al Gore?
Former senator, vice president, environmental activist, and entrepreneur Al Gore has a $300 million net worth.
Gore is arguably best recognized for serving as Vice President from January 1993 to January 2001 under Bill Clinton. His award-winning documentary An Inconvenient Truth also garnered praise.
He ran unsuccessfully for president of the United States in 2000, losing to George W. Bush. The great majority of Al Gore’s present personal worth was amassed after he left the White House.
Al Gore’s net worth in 2000, when he was Vice President, was between $1.4 million and $2.5 million, according to his most recent financial statement.
Al’s first significant financial windfall occurred in 2012 when he sold his cable network CurrenTV to Al Jazeera for $500 million. As a 20% owner in the network, Gore’s share of the sale before taxes was $100 million.
Inheritance
Al Gore inherited a number of shares of Occidental Petroleum Corp. from his deceased father. The estimated value of these shares was between $500,000 and $1 million.
General Investment Management
Al Gore is the chairman of Generation Investment Management (GIM), a firm with assets of roughly $8.5 billion.
Between 2008 and 2011, GIM generated approximately $218 million. This sum was divided among 26 partners, including, of course, Al Gore.
As a co-founder of GIM, Gore is likely to receive a significantly larger stock stake than other partners. According to reports, GIM lost more than $165 million after investing substantially in a solar panel startup that quickly failed.
Speaking Fees
Al Gore embarked on a speaking tour after the success of An Inconvenient Truth, charging upwards of $175,000 for each speaking engagement.
FAQ
What Age Does Al Gore Have?
Al Gore is currently 73 years old (31 March 1948).
What is Al Gore’s Annual Salary?
Al Gore’s annual compensation is projected to be $25 million.
What is Al Gore’s Stature?
Al Gore’s height is 1.85 meters (6′ 0″).
What is Al Gore’s Wife’s Name?
The name of Al Gore’s wife is Tipper Gore (m. 1970).