The Sydney Morning Herald is republishing 8 pages on the current life of Al Gore.
The opening byline says,
“Not long ago, he was the butt of jokes-lockbox, earth tones, a postelection beard. Then he dusted off an old slide show and jumped with both feet into the private sector.”
“The untold story of how an epic loser engineered what may be the greatest brand makeover of our time.”
Financial disclosure documents released before the 2000 election put the Gore family’s net worth at $US1 million to $US2 million. After years of public service-and four kids needing high-priced educations-Al and Tipper used to fret occasionally about money.
Not anymore. They have a new multimillion-dollar home in a tony section of Nashville and a family home in Virginia, and have recently bought a multimillion-dollar condo at the St. Regis condo/hotel in San Francisco.
Available data indicate a net worth well in excess of $US100 million.
I’m not criticizing. I think it’s neat.
He’s ‘become a stunningly successful businessman’.
Since his nonelection, Gore has become a millionaire many times over, bringing him, in financial terms, shoulder to shoulder with the C-suite denizens he used to hit up for campaign cash.
In addition to the steady flow of six-figure speaking gigs, he has become an insider at two of the hottest companies on the planet: at Google, where he signed on as an adviser in 2001, pre-IPO (and received stock options now reportedly worth north of $US30 million), and at Apple, where he joined the board in 2003 (and got stock options now valued at about $US6 million). He enjoyed a big payday as vice chairman of an investment firm in L.A., and, more recently, started a cable-television company and an asset-management firm, both of which are becoming quiet forces in their fields.
Al Gore is building a new kind of media company to democratize television, confident that video will become the dominant method of communication in the years ahead. “Much of TV is mind deadening. It’s a one-way conduit of knowledge.”