Saturday, November 10, 2012

How did Al Gore become the $100 million man?


What Al Gore has been up to . . .
“Earlier this month the Washington Post's Carol Leonnig reported that the former vice president's wealth is today estimated at $100 million, up from less than $2 million when he left government service on a salary of $181,400. How did he make this kind of money? It wasn't his share of the Nobel Peace Prize. Nor was it the book and movie proceeds from "An Inconvenient Truth."
Instead, as Ms. Leonnig reports, "Fourteen green-tech firms in which Gore invested received or directly benefited from more than $2.5 billion in loans, grants and tax breaks, part of President Obama's historic push to seed a U.S. renewable-energy industry with public money."
That's nice work if you can get it—at least if you're on the investment-management end of the deal.
Bret Stephens
Wall Street Journal

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