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Tuesday, 07 May 2013 10:09

Al Gore is as wealthy as Mitt Romney

Written by Nick Farrell



Apple made him

When the champion for climate change Al Gore stood for President in 1999 he had to sell some key assets -- $6,000 worth of cows. (That is considered a light breakfast in Bosnia. Ed)

Now it seems that he is worth about the same as Mitt Romney after flogging Current TV network, to Qatari-owned Al Jazeera Satellite Network for about $500 million and dumping his shares in Apple. He also exercised his 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. He stands to make a lot more from Apple. Those 59,000 are part of 101,358 Apple options and shares of restricted stock Gore has amassed, according to company filings, giving his total holdings a gross value of more than $45.6 million today.

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Nick Farrell

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