Friday, January 4, 2013

Gore Monetizes Current TV

Al Gore cashed in on one private investment:

Former Vice President Al Gore has made himself a much, much richer man by selling his little watched cable channel Current TV to the Emir of Qatar-funded Arab news channel Al-Jazeera.

Gore netted $100 million with his 20 percent stake in the network when it was sold for a reported $500 million on Wednesday.

How much profit did Al make on Current TV?  Maybe Eliot Spitzer will reveal Al's take.  It's ironic that a Qatari Sovereign Wealth Fund bought out Current TV through affiliate Al-Jazeera.

PEU Al is a co-founder of Generation Investment Management, a partner at the Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers, an adviser to Google and a board member at Apple.

Red and Blue love PEU and Al Gore got more than a little love.  Al got a seven bagger.