Al Gore has just purchased a big chunk of Apple stock by exercising his Apple stock options.
A filing with the Securities and Exchange Commission shows that Gore exercised options on January 15 to buy 59,000 Apple shares at the price of $7.475 a share.
That means Gore paid around $441,000 for his load of Apple stock. With the shares trading just under $500 this morning, Gore's investment is now worth around $29.5 million.
Of course, Apple stock has been falling recently, although that could turn around next week if the company releases good results for the last quarter. Either way, it's still a giant profit for the nation's former vice president.
Source: CNet. Read full article. (link)