Former Veep Al Gore Is Renting Out His Suburban DC Home for $9,000/month. Not That He Needs the Money. He's Worth $300M

Former vice-president-turned-climate-change activist Al Gore has put his Arlington, Virginia, home up for rent. The asking price is $9,000 per month. Though that number would be considered high anywhere else, it’s hardly out of the ordinary in the sought-after D.C. suburb filled with wealthy politicians, lobbyists, and businessmen. What is out of the ordinary is the former politician’s net worth—$300 million.

Firstly, about the rental. The 6,207 square foot, five bedroom, four bathroom brick, Tudor style home was built in 1937 by the grandfather of Gore's ex-wife, Mary “Tipper” Gore, and has remained in the family since. It was used as the launch pad for Gore’s political career and was the base his family returned to after his loss to George W. Bush in the 2000 election. Though traditional from the exterior, the interior is spacious and stylish with contemporary finishes. However, Gore no longer lives there. He currently resides in a 400-acre farm in Carthage, Tennessee.

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Climate Change And Changing Financial Fortunes

Gore’s climate change activism and investing have proved highly lucrative for Bill Clinton‘s former second in command. According to the Daily Mail, Gore set up Generation Investment Management with former Goldman Sachs GS managing director and close friend David W. Blood. The company’s goal was to back eco-friendly companies. Between 2008 and 2011, the firm generated about $218 million in profits to be split among its 26 partners, of which Gore is one.

In 2023, the firm was estimated to be worth $36 billion, thanks to its ownership of large numbers of shares in highly successful companies such as Amazon AMZN, Microsoft MSF, Google parent Alphabet GOOG GOOGL)), Charles Schwab SCHW, and Deere & Co. DE, as well as lesser-known e-bike and e-scooter companies.

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In addition to his role at the company, which pays him a lucrative $2 million a month, Gore is popular on the speaking circuit. He speaks on the perils of climate change and earns $200,000 per speaking engagement.

Real Estate

Gore owns multiple homes across the U.S. These include a condo in the Regis Building in San Francisco, close to the hub of many of his investments, worth around $3 million, a large colonial home in Nashville, valued at $7.5 million, a Mediterranean-style residence in Montecito, California, valued at $13 million, and his Arlington home, worth at least $3 million.

Tech Triumphs

Aside from his Green Investment Management, Gore owns tech behemoths Apple AAPL and Google and, until recently, drew a salary from Apple as a compensation committee member. According to CNN, Gore received $376,894 in 2023 as compensation for serving on Apple’s board, a position he has held since 2003. That total included $275,022 in stock awards. 2024 was his last year as a board director, as Apple does not allow members to hold a position beyond 75. Since 2001, Gore has also been a senior advisor to Google, where he received significant pre-public stock options.

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Like many former presidents and VPs, Gore’s time out of public service was when he made most of his money. His assets at the end of the Clinton administration were between $780,000 and $1.9 million, derived chiefly from his family’s land holdings in Tennessee and stock holdings, according to financial disclosure forms revealed through CBS News.

Current Media

Another Gore masterstroke was co-founding Current Media in 2002. When the company went public six years later, his annual compensation was $1.05 million. Gore also became a partner at pivotal Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers. When Current Media was sold to Al Jazeera for $500 million in 2013, Gore personally netted between $70 million and $100 million, according to the Washington Post.

While Gore’s loss in the controversial 2000 election to Bush was personally wrenching, his accountants would contend that it was the best thing that could have happened to their client.

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