independent

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

Also in this Section

Classifieds

CarsIreland

Independent Shopping.ie

Meet, chat and connect with
singles in your area

Independent Shopping.ie

Meet Singles Now

Findajob

Apps

Now available on

Independent.ie on Twitter

More

Most Read

Independent Gallery

Your photos

Send us your weather photos promo

Celebrity News