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How Al Gore's Net Worth Caught Up With Mitt Romney's
Mitt Romney's net worth of $250 million is well-known by virtually everyone in America: after all, it was the primary campaign offensive used by the Obama team against his presidential challenger in an election run largely down wealth, and social class lines, and whom "Democrats targeted in ads and speeches as being out of touch with most Americans." What many may not know is that staunch democrat Al Gore's own personal wealth, has soared from virtually nothing in 1999 to a staggering $200 million according to an analysis conducted by Bloomberg.
To wit: "The former senator, who spent most of his working life in Congress, had a net worth of about $1.7 million in 1999 and assets that included pasture rents from a family farm and royalties from a zinc mine, remnants of his rural roots in Carthage, Tennessee... Fourteen years later, he 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 Qatari-owned Al Jazeera Satellite Network 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, 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. On paper, it was about a $30 million payday based on the company’s share price on the day he claimed the options."
Bottom line: "Whatever you think of Gore, one thing is indisputable: 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. That’s close to the $250 million net worth of 2012 Republican presidential nominee Mitt Romney, whom President Barack Obama and Democrats targeted in ads and speeches as being out of touch with most Americans."
Such a designation is missing when it comes to Al Gore, about whom people indeed think many things:
Albert Arnold Gore Jr., 65, is a lot of things to a lot of people. 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.
Detractors see Gore as a limousine liberal, tiresome pedant and climate alarmist who lives a jet-setting, carbon-profligate lifestyle while preaching asceticism for everyone else.
His work and writing 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.
So just how did Al manage to accumulate such a sizable net worth in just over a decade? Bloomberg summarizes how for Gore the "land of opportunity" certainly lived up to its name.
How Gore achieved this is as much about timing and luck as it is about business skills. His Apple board tenure has coincided with a 5,900 percent increase in its stock price. Current TV was a moribund “fixer-upper” when Al Jazeera stepped in to buy it at “a huge valuation,” said Derek Baine, an SNL Kagan cable analyst in Monterey, California.
Gore also had his share of flubs, most of them in his efforts at green-tech investing. An investment firm he helped to start took stakes in two carbon-trading firms that fizzled and also racked up tens of millions in losses in a solar-module maker.
There was hardly much promise in the young Gore as future consummate businessman:
“It doesn’t surprise me,” Reed Hundt, a Gore high-school friend, said of his business success.
Hundt, whom Gore helped get appointed to run Bill Clinton’s Federal Communications Commission in 1993, didn’t detect a business gene in young Al back in their days at Washington’s private St. Albans School.
Gore went on to graduate with a degree in government from Harvard University, dabble in journalism and study but never graduate from law school at Vanderbilt University. Instead, he quit to run for public office.
And yet he went on from "success" to "success", if initially by way of inheritance.
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 had been recently inherited, including an undisclosed number of shares of Occidental Petroleum Corp. left to him by his late father, Senator Albert Gore Sr., and valued at between $500,000 and $1 million, according to disclosure forms.
He’s moved up the housing ladder since then. He owns a 20- room, 10,000-square-foot antebellum mansion in Nashville’s wealthy Belle Meade neighborhood that’s mostly shrouded from view by a thicket of Southern foliage and a massive iron gate. In 2010 -- weeks before the Gores announced they were dissolving their 40-year marriage -- he purchased an oceanfront six- bedroom, $8.9 million villa in Montecito, California, where Oprah Winfrey and Kirk Douglas have lived.
It was all uphill from there:
His ascent into America’s 1 percent happened quickly. After losing to Bush, he had enough wealth by March 2008 to put $35 million into hedge funds and private partnerships through Capricorn Investment Group, a Palo Alto, California-based company, according to U.S. Securities and Exchange Commission documents.
The investment company was founded by his buddy, Canadian billionaire Jeffrey Skoll, who amassed a large part of his fortune in shares he was awarded as the first president of EBay Inc.
... including books:
His best-selling climate books, “Earth in the Balance,” “An Inconvenient Truth” and “The Assault on Reason,” haven’t contributed to his wealth. Gore has long pledged any book and film money to his nonprofit, the Climate Reality Project, created in 2011 from two advocacy groups Gore founded a year earlier.
By the time of the Capricorn investment, he was already starting to rake in cash from Generation Investment Management - - a fund that incorporates “sustainability” into its investment approach. Gore co-founded GIM in 2004 with former Goldman Sachs Group Inc. Managing Director David W. Blood.
Public filings show that in 2008 through 2011 London-based GIM racked up almost 140 million pounds ($218 million) in profits to be split among its 26 partners.
... documentaries:
Gore had a string of connections and invitations to join what would turn out to be prosperous enterprises. Skoll’s Participant Media produced the 2006 Oscar-winning documentary, “An Inconvenient Truth,” based on Gore’s climate work. The movie was pivotal in helping him win his share of the 2007 Nobel and claim speaker fees at $175,000 a pop.
Prior to being invited to join Apple’s board, Gore was tapped as a senior adviser to Google Inc. (GOOG) before its 2004 initial public offering and at a time when it was not yet a household word. Google won’t discuss his duties or compensation though some in Silicon Valley believe his pay there may be as rich as his Apple remuneration, which that company is required to disclose because he’s a director.
... lots of networking and holiday parties:
Gore was made a partner at Kleiner Perkins and John Doerr, an early investor in Amazon.com Inc., Intuit Inc. and Google, joined GIM’s advisory board. At Kleiner Perkins, Gore helps with investment strategies and selectively advises companies but doesn’t lead deals or take board seats on startups the firm invests in. Kleiner Perkins declined to discuss his compensation.
...
Gore earns his keep in Silicon Valley beyond simply attending the annual holiday party. He’s made himself available to a number of technology companies that got startup help from Kleiner Perkins. Andrew Fisher, chairman of Shazam Entertainment Ltd., a mobile music app maker backed by Kleiner Perkins, said Gore flew to London two years ago and agreed to be interviewed on stage in front of about 200 company employees and business partners.
Gore’s preparation was first rate and it was clear that “he’s tremendously well-versed” in Kleiner Perkins’s investments, Fisher said. At the presentation, “he talked about his work around the environment, leadership in small companies, decision making, sitting on the board of Apple. People were fascinated with his insight.”
... "discovering the Internet":
They love Al Gore in Silicon Valley and why shouldn’t they? Gore never claimed, as some conservative critics have asserted, to have invented the Internet.
Still, as a Tennessee congressman and senator, he was the first national politician to see how personal computers connected to a system he popularized as the “information superhighway” would radically change the social and commercial landscape of the U.S. and the world.
He drafted the Performance Computing Act of 1991, often called the Gore Bill, which led to funding to build the system that later became the Internet.
... lots of luck:
None of this was lost on Apple when, in March 2003, Steve Jobs personally asked Gore to join the board. An Apple press release about the appointment was a techie love fest. “Al is an avid Mac user and does his own video editing in Final Cut Pro,” Jobs said.
Apple was trading at about $7.50 a share when Gore accepted the Apple board seat. The company’s stock closed at $449.98 on May 3 in New York. The escalation of his options alone would have made him rich.
Gore’s profiting from the Al Jazeera sale is another example of luck, timing or both. Gore and partners that included Los Angeles billionaire Ron Burkle, Hyatt Legal Services founder Joel Hyatt and San Francisco money manager Richard Blum bought the predecessor company for $70 million in 2004.
Re-launched as Current TV, Gore said at the time he wanted to create a “transformational” network. It would, like YouTube, thrive on youthful viewer input, be an antidote to Fox News and a liberal competitor to MSNBC.
... all leading to Mogul Al replacing Activist Al, when Current TV was sold to Al Jazeera:
The transaction also raised eyebrows because Gore, who has for years inveighed against fossil fuels and their role in climate change, sold the network to a company funded in part by oil-rich Qatar. Jon Stewart, host of the Daily Show television program, asked in January, “Can mogul Al Gore coexist with activist Al Gore?”
Gore defended the sale on the grounds that, among other things, Al Jazeera has “the highest quality, most extensive, best climate coverage of any network in the world.” It’s a position Gore’s been forced to defend repeatedly along the tour for his latest book “The Future: the Six Drivers of Global Change.”
Cable TV analysts, meanwhile, were abuzz over the $500 million payout. Current had been seeking buyers for a while, aware that Time Warner might soon pull the plug, but had not found any takers until Al Jazeera stepped forward.
However, Gore's stunning rise to riches has not been without its ptifalls:
GIM has assets under management of about $8.5 billion. Its investment strategy and returns have been impressive enough that Britain’s Environment Agency asked it to manage 7.2 percent of its 1.6 billion-pound investment portfolio through 2014. That’s up from 4.8 percent in 2009, according to documents filed with Britain’s securities regulator.
At times the company’s green investing approach hasn’t worked. In 2008, with optimism that a Democrat-controlled Congress would establish carbon controls and an international climate treaty would be extended, GIM bought a 9.6 percent stake, in Camco International Ltd., a manager of projects that reduce greenhouse gases.
By early 2010, GIM had upped its stake in the company now known as Camco Clean Energy Plc to 18.6 percent, according to documents. By October of that year, with Republicans in the House saying no to climate legislation and Kyoto Protocol talks stalled, shares in Camco were taking a beating. GIM dumped its stake. Neither company would comment on GIM’s actions.
In another instance, GIM took a 10 percent stake in the Chicago Climate Exchange, set up in 2003 by former derivatives guru Richard Sandor to take advantage of what the exchange’s founders hoped would be a government-mandated price on carbon. The exchange ran into the same headwinds as Camco and was sold to Atlanta-based IntercontinentalExchange Inc. in May 2010 for $581 million. It was later shut as carbon prices fell to all- time lows.
GIM would only say that neither Camco nor Chicago Climate Exchange were profitable investments.
All of which has naturally led to accusations of being a sophist preacher and an opportunistic "climate profitter":
“Al Gore is like the preacher touting his moral purity and superiority,” Kish said. “Yet it turns out that heeding his preachings is directly linked to his financial interests.”
The jury is still out on Gore. One thing, however, that is obvious is that despite his lamentations...
Gore said in a May 1 interview with Bloomberg Television that American democracy has been “hacked” by the influence of money in politics and that he hopes activist investors will continue to exert influence on corporations globally to act in a responsible way.
... the same corporations that Gore managed to schmooze his way into and influence courtesy of levered money and on grounds idealistic, charismatic or otherwise, have been quite profitable for the 65 year old former Vice President.
But perhaps the bottom line is that we simply "don't know Al":
During a 2009 House hearing, Tennessee Republican Representative Marsha Blackburn tackled Gore on the issue of whether he had become a “climate profiteer” by betting on companies that might hugely benefit from his advocacy. Gore’s response: “Congresswoman, if you believe that the reason I have been working on this issue for 30 years is because of greed, you don’t know me.”
Which, it appears, is just how Mogul/Activist/hypocrite Al likes it:
Gore declined to be interviewed for this story.
Thus, sadly, we will only be left to speculate, muse and wonder just what is the driving force behind the New Normal "inheritance to riches" American Dream.

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Al Gore, our generation's L. Ron Hubbard. Founder of Climatology and its church.
Here's trhe real story:
Al Gore Satanic Heavy Metal Fetish Cited in Tipper Gore Divorceany hooker or massage therapist that visits Gore is recommended to have a conceal n carry permit for self protection.
Well, can you imagine if he had become president, where his campaign motto was "anything goes!"?
Obviously his wealth are from two things: being on the Apple board and Current TV.
Apple (Steve Jobs) put him on the board. He didn't develop anything. He's not a leader in anything. Companies give politicians jobs on boards constantly. Look at every utility company in the US: former PUC folks all over the place. It's part of the political patronage system. The speaking circuit is the same way. You're tithing these people.
Current TV (and all television stations) make the big bucks when they get on the "basic" cable or satellite TV packages. You can't al a carte these things, so a little portion of your bill goes to these people every month. It's a tolling agreement. And how do you get on the packages and how do the packages change? The government-decreed monopolies put you on. Their biggest negotiation every year is with ESPN, which if didn't exist would literally cause the bankruptcy of nearly every professional sports league and 2/3rds of college athletics programs throughout the country. It'd probably bankrupt more than a few metropolitan areas as well as they've financed stadia.
This is how one enters the 1% in America without producing anything that people voluntarily exchange their hard earned money for. He's not amassing generation wealth. He's not developing a product or a service for actual customers that improves their businesses or lives. He's leveraging his former (completely insignificant) political position to be awarded business. Vice President to a quarter of a billion dollars in 12 years.
The Clintons are the same way. And lucky for all of us, Obama will be too. Makes you think that being president is the in between job to being allowed into the American elite.
And Thomas Jefferson, a REAL statesman, despite the smears about his owning slaves (fuck the losers who try to cast people in past ages in a contemporary light)--he went broke because he became President. That's how it should be! Holding office should be an extreme hardship, not some kind of windfall.
We only need to blame ourselves for allowing them to runamuck...
Where are the marches to Washington?
Don't be so rough on the guy. He no doubt learned to trade futures from Hillary.
Progressivism is all about enriching those with connections to Gov't central-planning schemes.
I will forever thank God that Al Gore did not become president of the USA.
If Gore's censorship crusade had really been fulfilled I wonder if the music industry would still be around? His PMRC would have banned most of the songs Apple sells. Who really needs an ipod to listen to Pat Boone?... Alas, Al Gore was wrong about dirty lyrics causing the end of the world. I can't wait to see the new ice age discredit him once again.
By the way, The Clintons did pretty good too. They almost filed for bankruptcy in 2001. By 2008 they had about $150 million. Figure by 2016 Hillary will have more than Romney. Somehow I doubt the media will mention that. Nor will they mention her age(after saying Ron Paul was too old for the last decade).
How much will Obama be worth if he lives to be in his 90's? That is a lot of years to cash in. I'm guessing at least a billion or two....
history will remember this man as the toad he is. no one has squandered an oppurtunity like Gore did in 2000.... he makes the french look brave
This sums him up nicely: "Al Gore, our generation's L. Ron Hubbard. Founder of Climatology and its church." -- Cthonic
So Gore was lucky to lose to George Bush.
And Romney was lucky not to inherit the Obama first term mess.
Bill Clinton, Dave Stoeckman, Dan Quayle, Al Gore...What do they all have in common...?? From either side of the aisle, they used their connections to get rich after office.
As opposed to Maxine Waters, Darryl Issa, Nancy Pelosi and a plethora of Senators, who get rich INSIDE office.
Different strokes for different folks, I guess.
ps. And, oh yeah, which 'Party" you're from means nothing.
Anyone married to Tipper deserves $200 million (and a stomach massage)
"The love of money is the root of all evil."
What a POS.
Al sells bullshit, and business is good.
PAYOLA BABY! BIG LIBERAL PAYOLA!!!
Although Gore has benefited greatly from "global warming" and his insider knowledge from his ties to DC, his wealth in 1999 was pretty substantial.
His father was a US Senator from Tennesee also and had close ties to Russia through Oxidental Petroleum.
Al was a millionaire way before he invented the internet and was given thousands of Google shares as a reward.
yellow & YHC, ya ya ya it's all family money, this is ZH we don't take kindly to fools
Nope.
http://www.nytimes.com/1992/07/23/us/1992-campaign-personal-finances-ima...
But, but, but, Al Gore is good, and Mitt Romney is teh evulz!!!!
Well and he invented the internet...so he gets royalities from his patent.
If you think Romney's net worth is only $250 million, I got a bridge to sell you. He never disclosed his net worth, and he refused to disclose his tax returns for the last 10 years. It's also laughable and hypocritical defenders of capitalism would criticize Gore, who should have been president, for being a capitalist. Oh, I get it, he's a Democrat! Books have been written about the douchebag who "beat" him in 2000 and his business acumen, or should I say his luck at having wealthy Arab support. But we won't go into that here. Life's too fucking short.
Romney didn't spend most of his career in the public sector. Anyone, including Bush, that uses their political influence for financial gain, is not a Capitalist in my book, but a blood sucker, Gore included. Deal with it, biatch.
...but he's still trash.
Sir Thomas Crapper invented the flush toilet.
100 years later, Al Gore invented the toilet that does not flush.
We Tennesseans thought Al Gore was a douche in 2000, so he did not carry the state... over the years he has proven us right.
He is the biggest hypocrite around... oh, that's right he's a politician... never mind!
Does this satanist fuker owns gold and/or silver?
If not, then don't care...
Well, now that Al Gore is filthy rich, he's also automatically right about everything ever. That's how it worked for Romney and his sycophants afterall! When the hell will people wake up and realize that lying, stealing, flipping, or inheriting your way to wealth doesn't make you an infallible god entitled to control the free will of everyone else?
Obama will make Gore look like a piker. THE BANKS OWE HIM! The democrats have it perfected. Sell out politican...blathers on about rich people....while making rules to service the rich people. Then once you are out they pay you billions. That is why Clinton, Dodd, Frank and Gore and soon Obama will making billions. Stupid GOP they try to elect actually successful people who try to do good where as the democrats sell out to rich scamsters....at the likes SOlyndra, fisker, telsa, GM, Fannie, Goldman Sach, JP Morgan...who pay well for your SOUL! Other than False Republican Hank Manchurian Paulson name me a GOP banker or Fannie Mae Exec?
Evidently capitalism is fine as long as you have the right beliefs, friends, attornies and believers. He would have made the worst president since Jimmy Carter -- like the "people person" who won in '08 and '12
Reed Irvine and Cliff Kincaid of Accuracy in Media on January 26, 2000, give evidence not of Al Gore’s capitalist connection but : Al Gore’s Communist Connection.
Here is the story:
“The news conference at the National Press Club was packed. There were 5 or 6 television cameras there, including C-SPAN. The occasion was the release of the book, The Buying of the President 2000, by Charles Lewis and the Center for Public Integrity. Lewis, who previously did investigative reporting at ABC News and CBS News, assembled a great deal of information about those who are seeking the presidency and their backers. In his prepared remarks, Lewis touched on a matter that has attracted our interest in the past—Vice President Al Gore?s Communist connection.
“But Lewis didn’t put it that way. Instead, he referred to Al Gore and the ‘controversial’ Armand Hammer, the late chairman of Occidental Petroleum. In fact, Hammer was a Soviet agent and money launderer for the Communist Party who helped Vice President Gore and his family become rich.
“Lewis explained how, personally and professionally, Gore still profits from Occidental largesse. ‘To this day’, Lewis said, ‘he still draws $20,000 a year from a land deal in Tennessee brokered between his father and Hammer. The total amount is more than $300,000. The personal relationship between young Gore and Hammer was very close throughout the 1980s, including trips on Hammer’s private jet and constant campaign contributions.’
“Lewis explained how the Energy Department in 1997 sold 47,000 acres of federal oil reserves to Occidental, after Vice President Gore, who has a reputation as a staunch environmentalist, recommended that the president give oil companies access to this land. Although the Energy Department was supposed to review the environmental impact of the sale, it did not. It turned the job over to a private company whose board of directors included Tony Coelho, now the general chairman of Gore’s presidential campaign.
“In fairness to Lewis, who only alluded to the ‘controversial’ nature of Armand Hammer, his book on the buying of the president goes into much more detail. His book points out that FBI director J. Edgar Hoover wanted to prosecute Hammer for his activities on behalf of the Soviet government but that “Hammer had friends in Congress whom Hoover believed would attempt to protect him from prosecution…” Among them was Al Gore’s father. This was a relationship that was transferred from father to son. Al Gore Jr. was dealing with Hammer in the 1980s.
“The vice president has been the subject of countless stories because he has benefitted from campaign money raised from tainted Asian sources. But Charles Lewis has raised a far more important issue – his receipt of money from and his relationship with a Communist agent. Is there anyone in the media willing to take on this issue? On the matter of Al Gore and the other presidential candidates, Charles Lewis and his Center for Public Integrity have peformed a real public service. They are doing the kind of work we should expect from the major media. In terms of print coverage of Lewis? revelations, the Washington Post ran a story on page 5. But it said nothing about Al Gore’s communist connection.”
http://www.aim.org/media-monitor/al-gores-communist-connection/
Communism was created by TPTB capitalists. Communism was controlled opposition and everybody on the planet who wasn't in the big club got taken. Serfdom or liberty, take your pick.
Actually, Gore was left more than just a small pile of stock. Daddy Gore also got a zinc/germanium mine from Armand Hammer, plus a batch of other stuff.
Sadly, Gore has added to it through his fraud of AGW.
The man was not smart enough to hold on to his inherited wealth. His grades were atrocious and he never finished law school as the public was led to believe. He made it big because he sold out to the .01%
http://www.nytimes.com/1992/07/23/us/1992-campaign-personal-finances-ima...
“Al Gore is like the preacher touting his moral purity and superiority,” Kish said. “Yet it turns out that heeding his preachings is directly linked to his financial interests.”
Mitt Romney - $250 million net worth
Al Gore - $200 million net worth (estimated)
Michael Bloomberg - $22 billion net worth
As for the Bloomberg pot preachin’ and callin’ the Gore kettle black, Bloomberg like Gore is another rags-to-riches-to-civic servant. And while Bloomberg's roots emanate directly from Russian roots they, and no doubt Al Gore’s, ultimately extend to the Federal Reserve and the doors to the U.S. Treasury.
The Gore family roots massively intertwine with the Russian roots of the late Armand Hammer. Hammer, the Moscow deal-maker of Arm and Hammer household fame, until he died kept in his office a picture of Lenin personally autographed: "To Comrade Armand Hammer from V. I. Ulyanov [Lenin].
Hammer’s family long had ties with Lenin.
And Edward Jay Epstein in his book DOSSIER: THE SECRET HISTORY OF ARMAND HAMMER relates how Senator Al Gore Sr. “got the wealth to live in splendor” due to his dealings with Hammer, who made him president of Occidental’s coal division after Gore Sr. retired.
Epstein's original NYTimes article suggested that Hammer's trade with the Soviet Union helped Soviet interests, including espionage, but he had no direct proof, until the damning detail came straight from old Soviet archives. Wrote the Christian Science Monitor: “The account is of a man who bribed and cheated his way to great wealth --- and started with Soviet gold.”
Writes Epstein in “Dossier”: “Hammer came to communism legitimately. His father, Julius, a Russian immigrant, linked up with Vladimir Lenin at a socialist conference in Berlin in 1907 and ‘agreed to become part of the elite underground cadre that Lenin would depend on to change the world.’ A physician by training, Julius built a small drug chain into Allied Drug and Chemical, purveyor of skin creams and herbal medicines.
“When the Bolsheviks seized Russia in 1919, Julius worked with Ludwig Martens, Lenin's de facto ‘ambassador’ in the United States. Julius used Allied, of which Martens was the covert half-owner, to launder sales proceeds of smuggled diamonds --- money that financed a revolutionary Communist Labor Party (CLP) dedicated to ‘overthrowing the government, expropriating banks, and establishing a proletarian dictatorship.’ Julius held card No. 1. The CLP eventually became the Communist Party USA and part of the Communist International (Comintern)."
Julius and Rose (Lipshitz) Hammer came to the United States from Odessa in the Russian Empire (today’s Ukraine)in 1875 and settled in The Bronx where he ran a general medical practice and five drugstores.
When his father was jailed for an abortion in 1919 that took the life of the wife of a czarist-era Russian diplomat, Armand took over the import deals and left for Moscow in 1921 on the first leg of an odyssey that would make him ‘one of the great con men of the twentieth century,’ in the words Epstein.
source:
http://www.theforbiddenknowledge.com/hardtruth/armand_hammer.htm
http://www.freerepublic.com/forum/a661957.htm
nice secret history there, JR. now it's perfectly clear why the name "Hammer" was chosen.
https://en.wikipedia.org/wiki/Flag_of_the_Soviet_Union
(wink, wink, nod, nod)
A possible career as a meth running member of the Tennessee Chapter of the Hells Angels gone to waste.
Fahking cockaroach.
The knuckle walkers are out in full force today....
Al Gore is a marketing machine.
Climate change is a big revenue generator for Gore.
The lemmings that follow Gore are clueless/in denial that Gore is just a billing machine.
Let me guess, you have it *all* figured out, right?
Did you even read the article?
Just goes to prove the old saying:"IT'S NOT WHAT YOU KNOW, BUT WHO YOU KNOW." Without his connections, Gore would have never accumulated such wealth. In exchange for his "services" {whoreing himself out to the climate change=carbon tax mongers}, they "let him in the club". Simple as that.
'After losing to Bush, [Gore] had enough wealth by March 2008 to put $35 million into hedge funds and private partnerships.'
Apparently Gore went from $1 or 2 million in 2000 to $35 million in 2008.
At $175K a pop, it would take 200 speeches to raise $35 million. Double it to 400 speeches, to raise $70 million pre-tax.
That's 50 speeches a year -- one a week. Easily done.
Same route the Clintons took to make $109 million in the ten years after leaving office -- exploit their political celebrity.
Now that is a businessman, do whatever it takes to get that dollar.
ManBearPig Lives!
Whatever happened to Tipper?
when you sell your soul to the Devil you get riches. He should enjoy them, the clock is ticking.