Warning the world that it is on the brink of disaster has been lucrative for Al Gore.
His wild predictions at Davos that Earth faces ‘rain bombs’ and ‘boiling oceans’ are just his latest in decades of climate alarmism.
At the same time, the former VP has been at the forefront of green technology investment, which has seen his wealth balloon to an estimated $330 million. [emphasis, links added]
Four years after losing to George W Bush in 2000, Gore set up Generation Investment Management with former Goldman Sachs Managing Director and close friend David W. Blood.
The mission statement of the investment firm, where Gore collects $2 million in a monthly salary, is to back companies that are making strides towards going green. The firm is worth around $36 billion.
He proudly said of his role at the fund, when it launched, was that of a figurehead saying: ‘I’m not a stock picker.‘
Between 2008 and 2011, the firm generated roughly $218 million in profits to be split among its 26 partners. As a founder, Gore likely had a large stake in the profits.
The firm owns millions of shares in companies such as Amazon, Microsoft, Google’s parent Alphabet, finance giant Charles Schwab, and tractor king John Deere.
The group has also invested in lesser-known companies such as Motivate, the company behind New York’s Citi Bike, and Taiwanese electric-scooter make Gogoro. […]
On top of his Green Investment Management money, Gore has around $80 million worth of stock in heavy hitters such as Apple and Google, he also draws a salary from Apple as a compensation committee member.
Gore also nets at least $200,000 per public speaking engagement. Gore’s advice on ‘going green’ is also sought by the biggest businesses in the world for undisclosed sums.
Read rest at Daily Mail
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