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 (NASDAQ:GOOG), where he signed on as an adviser in 2001, pre-IPO (and received stock options now reportedly worth north of $30 million), and at Apple (NASDAQ:AAPL), where he joined the board in 2003 (and got stock options now valued at about $6 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.
Financial disclosure documents released before the 2000 election put the Gore family’s net worth at $1 million to $2 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 $100 million.
“I have really enjoyed the business world much more than I expected,” Gore says, settling back in his chair. He speaks animatedly about incentive structures and how information flow creates opportunities.
One problem he had in politics, he says, was identifying an issue too early–“‘predawn’ is the term I use”–to be able to act on it. But “in the business world, particularly at a time when things are moving so swiftly, if you can see it early, you can make a business opportunity out of it.” He pauses. “For whatever reason, the business world rewards a long-term perspective more than the political world does.”
Anyway, read the article. You will learn lots of interesting things, such as that Current TV actually makes money.