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January 15, 2013

Al Gore: Now 30% Richer Than Mitt Romney...

...and about 150 times richer than he was a little more than a decade ago:

Someone finally has done all the math on the recent sale of Al Gore's Current TV to the Arabic language channel Al-Jazeera for $500 million. Jobs were lost, buzz created, employees angered, but the former vice president had little to say about it. He did walk away with a reported $100 million — a tidy sum for a man who had less that $2 million in assets when he ran for president more than a dozen years ago, says Forbes magazine.

"Taking into account taxes to be paid on the deal, possible earlier debt and the fact that Gore's representatives declined to comment, Forbes conservatively estimates the former vice president's net worth to be at least $300 million, making him wealthier than unsuccessful Republican presidential candidate Mitt Romney," says Ryan Mac, a Forbes analyst.

"Last May, Forbes estimated Romney's net worth to be around $230 million," he adds.

Holy Income Inequality, Batman!

We can understand wanting to build a nest egg, but $300 million? Wtih so many Americans struggling from paycheck to paycheck, does Al Gore really need all that money? If we didn't know any better, we'd say this smacks of social injustice.

Fortunately, we're above that kind of divisive and destructive rhetoric.

Posted by Cassandra at January 15, 2013 07:38 AM

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I begrudge no one the money they make. Assuming it's not earned through illegal means, good for them. But just ONCE, I'd like to see a liberal explain why Gore shouldn't be required to "share the wealth" too. I'd love to see that.

Posted by: MikeD at January 15, 2013 08:27 AM

I'd like to see Al Gore, himself, explain why he hasn't already shared his wealth.

Posted by: Yu-Ain Gonnano Official Member of the Oink Cadre™ at January 15, 2013 09:36 AM

I'm sure he'll use it in a good cause, like enriching Arab sheikhs. That's the difference between him and us: knowing what to do with power. He can be trusted with it, but we can't.

Posted by: Texan99 at January 15, 2013 09:50 AM

I have no doubt that Al Gore, Jr. will earn every penny he is paid by Al Jazeera for Current TV network.

Much like Al Gore Sr. earned every penny he was paid by Armand Hammer and Occidental Petroleum.

Coincidence? Well, maybe.

I blame Bush.

Posted by: Don Brouhaha at January 15, 2013 01:29 PM

Boy, I'll bet Tipper's wishing she hadn't given Al the boot! This guy is a gold mine!

Posted by: spd rdr at January 15, 2013 02:31 PM

We ought to pass laws against this! Not just the redistribution of Al Gorzeera's wealth to Mitt, but to his former employees.

Posted by: Mrs. Leghorn, Chicken Hawk at January 15, 2013 06:06 PM

On a completely unrelated topic, did AFE start a business?

Posted by: Yu-Ain Gonnano at January 15, 2013 09:33 PM

OMG. The Ginormous Codpiece works its way into so many conversations....

Posted by: Colin Powell's Bratty Little Sister at January 16, 2013 07:55 AM

Imagine that, Al Gore a greedy, self serving capitalist wise guy. He fooled us all. Hope he enjoys his millions of oil money in his new mansion with his new hottie girl. We'll see how smart he really is, how much he is able to keep before she soaks him dry.

Posted by: Jereny at January 18, 2013 05:35 AM