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  •   In Personal Wealth, Bradley Leads Gore

    By Susan B. Glasser and Ben White
    Washington Post Staff Writers
    Tuesday, May 18, 1999; Page A4

    Vice President Gore may be the front-runner for the Democratic presidential nomination, but former senator Bill Bradley has him beat in one category: personal wealth.

    The two White House rivals yesterday released their personal financial disclosure forms, and they showed that two years in the private sector have been very good to Bradley, whose net worth now stands at a minimum of $5.1 million. Bradley also trumped Gore in income last year, taking in $2.6 million compared with a little more than $300,000 for the vice president.

    Only two Republicans have made public their personal financial information: Elizabeth Dole and former Tennessee governor Lamar Alexander. Both are wealthy, with Dole yesterday reporting a $233,000 salary from her former job as president of the American Red Cross and at least $6.5 million in assets, much of it in the stock market. Alexander earned more than $2 million last year, reaping nearly $1 million from the merger of a child care company he helped found.

    Bradley was practically a one-man conglomerate in 1998, making more than $1.6 million for 64 speeches, most of them in vacation spots like Las Vegas and Palm Beach. He also earned more than $430,000 in consulting fees from three financial firms: Morgan Guaranty Trust Co., J.P. Morgan Services and the Gartner Group. Bradley, who discontinued his work for the firms before launching his presidential bid, has already received $31,000 in donations from J.P. Morgan executives.

    Bradley also somehow found time to teach -- he earned almost $50,000 from Stanford University's Institute for International Studies and $77,000 from the University of Maryland -- and took home $47,000 from CBS News for essays on the weekend news. Bradley's latest book, "Values of the Game," was a New York Times bestseller that netted him $137,000 from the publisher, and he still gets monthly NBA pension checks from his New York Knicks days that totaled $52,490 in 1998.

    Bradley's assets range from high-tech stocks and more than $1 million in BankAmerica stock to Missouri farm land and summer vacation property in Athens, Greece. Since the required disclosure forms list only broad ranges for a politician's financial assets, it's impossible to precisely determine their net worth. Bradley reported assets worth a minimum of $5.8 million and liabilities worth a maximum of $565,000. That's a far greater amount than he had when in the Senate, when he did not make Roll Call's annual list of members worth more than $2 million.

    Gore, who has been on the government payroll since 1977, reported income of just more than $300,000, including his $175,400 salary. He also reported rental income of close to $25,000 from houses in Carthage, Tenn. Gore listed assets totaling a minimum of $1.4 million and liabilities of $600,000, leaving the vice president with a minimum $800,000 net worth. Gore's assets are dominated by an Arlington house valued at $482,800 and Carthage, Tenn., property valued at $330,000. Gore also listed the appraised value of a farm pasture lease on his Tennessee property at $180,180.

    On the Republican side, Dole listed nine pages of stock holdings, with stakes in everything from Microsoft to Walt Disney to Pfizer, the pharmaceuticals giant that pays her husband, Robert J. Dole, to be the spokesman for Viagra. That accounted for the bulk of her assets, which are a minimum of $6.5 million and also include more than $1 million in Bob Dole Enterprises, her husband's speechmaking and consulting firm. She reported a liability of up to $250,000, a loan against her life insurance policy.

    Dole made almost as much as Bradley in paid speeches last year: $1.6 million for 43 speeches, most of which brought $40,000 paychecks. But she donated all the proceeds to the Elizabeth Dole Charitable Foundation, of which she is president.

    Alexander's nearly $1 million payday from the merger of Corporate Family Solutions marked a huge gain for his family, which put up an initial investment of just $5,000 in 1987 to start the firm. The former education secretary under President George Bush also earned $150,000 for hosting a Discovery Channel series on "great school moments," as well as $620,000 for service on a number of corporate boards. His paid speaking fees came to $75,000 last year.

    As for charitable contributions, Alexander easily trumped the other candidates, reporting $106,000 in donations last year compared with more than $38,000 for Bradley, $28,000 of which consisted of a gift of BankAmerica stock to a Newark church, and $15,000 for Gore, who was harshly criticized a year ago for giving away only $353 in 1997.

    Several Republican contenders -- including GOP front-runner Texas Gov. George W. Bush, former vice president Dan Quayle, commentator Patrick J. Buchanan and activist Gary Bauer -- filed for 45-day extensions. Billionaire publisher Malcolm S. "Steve" Forbes filed his form yesterday, but it was not publicly available.


    © Copyright 1999 The Washington Post Company

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