Fun With Financial Planning, Courtesy of Al Gore
Remember that time you increased your net worth fifty-fold by telling everyone that the technology you were investing in was going to save the world? No? Then your name must not be Al Gore. The Washington Post reports that by the time his final term as vice president was up, his reported net worth was a little under $2 million. These days it’s about $100 million. “Four years ago, his portfolio aligned smoothly with the agenda of an incoming administration,” writes Carol Leonnig. She continues:
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.
Green energy, indeed.