Alec Gores Net Worth is$2 Billion
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Alec Gores is an American businessman, he has a net worth of $2 billion. Alec Gores has earned his net worth as a self-made entrepreneur and operating executive who leverages buyouts of technology firms. He was born in Nazareth, Israel and grew up in the United States in Flint, Michigan. His father is of Greek descent and his mother Lebanese. He graduated from Genesee High School in Genesee, Michigan then attended Western Michigan University where he earned a degree in computer science. Alec has two brothers they are Tom Gores who is a wealthy financer and Sam Gores who is the head of Paradigm Talent Agency. Gores son Eric was born with Cerebral palsy (CP); he is a film actor who co-starred in a film written by Tom Arnold. The film titled The Kid & I was released in 2005. Alec Gore is the founder of Executive Business Systems this company grew rapidly and within the companys first seven years employed 200 people. EBS was purchased in 1986 by CONTEL. After the sale Gores started buying, and running non-core businesses from major corporations and began building value in those entities. Later he founded a private equity firm and named the company The Gores Group. He is also the Chairman and Chief Executive Officer of The Gores Group, which is headquartered in Los Angeles.
Alec E. Gores is an American businessman who made his fortune through leveraged buyouts of technology firms. His personal wealth was estimated at roughly $1.5 billion by Forbes magazine in 2008.
Alec Gores was born in Nazareth, Israel to a Greek father and Lebanese mother.. He was raised in Flint, Michigan and attended Genesee High School in Genesee, MI. He then obtained a degree in computer science from Western Michigan University. He was raised in, and still practices, the Catholic faith..
He is the brother of similarly wealthy financier Tom Gores and Paradigm Talent Agency head Sam Gores as well as the father of Eric Gores.
In 1978, he founded Executive Business Systems. Within seven years, the company employed over 200 people. In 1986, the company was acquired by CONTEL.
Following the acquisition, Gores began acquiring and operating non-core businesses from major comporations. He eventually founded The Gores Group, a private equity firm.

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Alec Gores Latest News

Bagging Groceries To Bagging Billions: How Immigrant Alec Gores Achieved The American Dream

Private equity billionaire Alec Gores’ first job after immigrating to the United States from Israel at age 15 was bagging groceries for 25 cents an hour at his uncle’s store in Flint, Michigan. He started the day after his family of eight arrived in ...
Posted: October 6, 2016, 6:08 am

Alec Gores Buys Hostess Brands For $2.3 Billion

BEVERLY HILLS—Alec Gores, the chairman and chief executive of the Gores Group, is teaming up with other investors to buy Hostess Brands in a $2.3 billion deal. Hostess Brands current owners’ billionaire food magnate C. Dean Metropoulos and New York ...
Posted: July 6, 2016, 7:00 pm

Hostess Brands, Maker of Twinkies, to Get a New Owner

“Hostess presents a unique opportunity to invest in an iconic brand with strong fundamentals that is poised for continued growth,” Alec Gores, the chairman and chief executive of the Gores Group, said in a statement. Being acquired by a blank-check ...
Posted: July 5, 2016, 3:30 am
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