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Saturday, March 08, 2008

Al Gore's $35 Million Hedge Fund Investment

Former Vice President and global warming pitchman Al Gore is investing $35 million in Capricorn Investment Group (CIG), an environmentally friendly hedge fund company that makes investments that will help the planet. You need a user name and password to access the website, but there are no instructions as to how to do that. Evidently you call or write.

It is being reported that Gore has accumulated a $100 million fortune since he left office, mostly from his Google options and royalties from his documentary, "An Inconvenient Truth." CIG was founded by former eBay president and billionaire Jeff Skoll, who was also executive producer of Gore's Oscar-winning documentary.

Gore's father left him about $1 million in Occidental Petroleum stock and his speaking fee charge is $174,000. Gore also serves as vice chairman of Metropolitan West Financial, a money management firm run by former Drexel Burnhmam Lambert executives. Gore also cofounded Current Media, Inc, a cable television and Internet company where he makes $1 million annually and he owns 3.7 million shares of its stock. (New York Post, 3/7/08)

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