Using Political Connections, Al Gore Has Become “Romney Rich.”

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If one wants to learn how to become a top notch crony capitalist, one could do worse than mentoring under Al Gore. In 2000 Al Gore was “worth” (I hate the term) $1.7 million dollars. Now, 12 years later, after parlaying his name and connections in the name of environmental responsibility, he is worth $200 million.

In certain circles Al Gore is a great guy who only lost to George Bush because the election was stolen from him. (For the record I am no fan of GW Bush but the real scandal in Florida was the news channels calling the state for Gore in a very tight state race, before polls closed in western Florida, a heavily Republican area. So no one should cry over Florida.) That he sold Current TV to Al Jazrera, which has been built on petrodollars, CARBON dollars, doesn’t seem to bother anyone in the “Gore’s a great guy” crowd. (Al Jazeera English is not a bad news source by the way.)

That the guy has made an amazing amount of money selling climate austerity but has a King Kong sized carbon footprint, doesn’t seem to bother many people either.

Gore even has a new beach house, which according to his calculations should be under water due to rising sea levels sometime next week.

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Gore’s beach house bought in 2010.

Yet, by many, the guy is celebrated as a fellow who “did well, while doing good.”

I am all about doing well while doing good, it is practically a personal mantra, but if one is going to advocate for everyone else to tighten their belts in the name of stemming global warming, how about keeping it to only 2 mansions.

In all seriousness, why not sell off the other 2 (Gore has 4 at last count) and buy a piece of the Amazon rain forest the size of Connecticut? Seriously, this would be a good idea.

It always amazes me (though I am much more jaded these days and am amazed less often) that people who say they are for income redistribution, and regulation, and just generally gumming up the economy for entrepreneurs, always seem to worship wealth so long as the right boxes are checked on the way to riches. Or, alternatively if one simply just has the right last name.

Had Gore made all his money in tobacco, or guns, he probably wouldn’t be invited to the same parties he is now. But even then I don’t know. For some folks, all that matters is what people say in public. So long as a certain agenda is moved forward all is forgiven, over and over. Witness the Kennedys, the Clintons, and soon the Obamas.

(From Bloomberg)

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.

Gore and Blood as founders are thought to have the largest equity stakes. GIM doesn’t disclose partnership equity or how the partners split profits, said Richard Campbell, a spokesman.

Click here for the article.

25 comments
Casey Stott
Casey Stott

Yeah, I'd say there are about the same number of mega-rich people in both parties, but the democrats are the only hypocrites who try to demonize the rich while making themselves richer. Although, the republicans are hypocritical when it comes to free-market and limited government issues. They claim to be "conservative" yet support big government and crony capitalism. So basically, both sides are corrupt.

Karen Rose
Karen Rose

Do not compare Gore with Romney. Romney is a wonderful, honest man who should be President of our America!

Glen Pfeiffer
Glen Pfeiffer

Selling those phony carbon credits to the idiots stupid enough to buy them?

Al Schwoerer
Al Schwoerer

They set out to do good and do very well indeed!

Aidan Haggerty
Aidan Haggerty

Al Gore is your typical environmentalist looking to cash in. While he's cashing in, you pay more in environment taxes, carbon taxes, and "green energy" taxes... I'm sick of paying "green energy" taxes in Nevada. "Green energy" doesn't work and costs too much; solar panel and wind farms don't work that well and cost us billions of dollars we don't have. Solyndra is a perfect example of what I'm talking about. Al Gore is a crony capitalism master, watch him carefully.

Brian JE Pinnegar
Brian JE Pinnegar

Al Gore is rich and that is all that matters to Republicans. They should love him!

Dennis Chappell
Dennis Chappell

So I guess being a global warming charlatan has its rewards.

Merryl Redding
Merryl Redding

His sale to Al Jezeera put him ahead of the Romneys...

Howard Lovett
Howard Lovett

Excuse me, but I don't think Gore did it via "crony capitalism" or political manipulation. Most of his wealth he made through appreciation of Apple stock. If you own an Ipad or Iphone or Mac, you contributed. That's like blaming Warren Buffett for buying Coca Cola.

Jeffrey LaCroix
Jeffrey LaCroix

All while trying to ruin the economic condition of this country and its citizens.

Roland O'Brien
Roland O'Brien

We would never sell out our values, ethics and principles to do what Gore has done.

Brad Steeples
Brad Steeples

Al Gore took the initiative in inventing crony capitalism.

Mark Tillman
Mark Tillman

All gore or should I say bore has been lying for years about global warming he is another due as isay not as I do

Benjamin Stockton
Benjamin Stockton

That guy always did have the air of a carnival huckster or used car salesman about him...

Janis Thibodeaux
Janis Thibodeaux

yea lieing about warming to to push all that crap that don't work can you say a dumacrap cover up and get rich at our cost