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Gores have lots of loot to split

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Nikki Schwab and Tara Palmeri
Washington Examiner
June 3, 2010

It was only three weeks ago that the Los Angeles Times reported that Al and Tipper Gore had bought new digs. The couple purchased an $8.8 million ocean-view villa in the gated community of Montecito, California. The 6,500-square-foot villa tucked on one-and-a-half acres of grounds includes a swimming pool, a spa, fountains, five bedrooms and nine baths.

That can now be added to the lists of things the Gores have to split if they officially call it quits.

The couple told friends Tuesday they planned to separate after 40 years of marriage. This comes after the Gores’ kids — Karenna, Kristin, Sarah and Albert III — have left the nest and the couple has amassed massive wealth since Al Gore left public office in 2000. The most recent figure predicted in 2007 by Fast Company was more than $100 million. Before the 2000 election they predicted the family’s net worth was closer to $1 million.

Since then, the Gores have purchased the Montecito mansion, a multimillion-dollar home in Nashville, Tenn., a condo in San Francisco in addition to their home in the Washington area, an Arlington Tudor. They bought a 100-foot houseboat named, aptly, Bio-Solar One in 2008. And they own a farm in Carthage, Tenn., that includes a zinc mine.

So how did they get all this stuff?

Al Gore has parlayed politics and his zeal for talking about global warming into an Academy Award, a Grammy and the Noble Peace Prize in 2007. He is a co-founder of Current TV, brings in six figures for speaking gigs, is a member of the Board of Directors at Apple, Inc. and serves as a senior adviser to Google.

So as the Gores head toward splitsville with their fame and fortune to boot, it seems more money may be more problems when they head to court.

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This article was posted: Thursday, June 3, 2010 at 4:13 am





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