Friday 25 April 2014

Al Gore in line for $30m windfall from Apple stock

Well insulated: Al Gore. Photo: Getty Images

Al Gore, the former US vice-president, is in line for a $30m (€22.54m) windfall from an Apple share package awarded to him a decade ago by Steve Jobs, the tech giant's late founder.

Mr Gore, pictured, reportedly triggered a share-option package last week given to him by Apple's founder.

He has sat on Apple's board for a decade. Under the terms of the award, Mr Gore was given the right to buy 59,000 Apple shares for $7.475 each.

The shares closed at $500 on Friday, meaning his investment has grown from $440,000 (€331,000) to $29.5m (€22.1m) in a decade. Mr Gore is free to sell the shares at any time.

Earlier this month, 'Forbes' "conservatively" estimated Mr Gore's net worth was at least $300m (€225m). (© Daily Telegraph, London)

Irish Independent

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