Tom Gores Net Worth is
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Tom Gores (born July 31, 1964) is an American businessman, a billionaire with an estimated current net worth of $2.5 billion according to the 2011 Forbes list of World's Billionaires. He is the founder of Platinum Equity, a global private equity firm with headquarters in Beverly Hills. On June 1, 2011, Tom Gores and Platinum Equity became the owners of the National Basketball Associationa??s (NBA) Detroit Pistons.


Tom Gores was born into a practicing Catholic family in Nazareth, Israel, the son of a father of Greek descent and a mother of Lebanese descent. His father owned a construction company. In 1968, the family moved to Genesee, Michigan. While a student at Genesee High School, Gores played defensive back in football, middle infielder in baseball, and guard in basketball. He received a scholarship to attend Michigan State University, where he graduated in 1986 with a Bachelor of Science degree in construction management. He spent his twenties learning the buyout business with his older brother Alec. Prior to joining his brother, Tom was working at Continental Telephone for a short stint.
Gores lives in Beverly Hills with his wife and three children. He has two daughters (Catherina, 17 and Amanda Gores, 15) and a son (Charles Gores, 11). He also has a house in Grosse Ile, Michigan.
As a global private equity business magnate, Gores was estimated in 2011 by Forbes to be the 159th-richest American with a $2.5 billion fortune. He founded the Beverly Hills, California based Platinum Equity LLC in 1995 with the intent to acquire non-core divisions of Fortune 1000 corporations. Platinum Equity has since expanded its investment criteria to include public-to-private transactions and acquisitions from private sellers. Since its founding, the firm has acquired more than 130 companies in industries that include technology and IT services, manufacturing, industrials, distribution, transportation and logistics, and equipment rentals.
In 2010, Platinum Equ

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Tom Gores Latest News

Whitman joins Sacramento MLS expansion bid

The group includes Dan Gilbert, owner of the NBA's Cleveland Cavaliers and chairman of Quicken Loans Inc., and Tom Gores, owner of the NBA's Detroit Pistons and chairman of Platinum Equity. MLS owners plan to discuss expansion when they meet in New York on ...
Posted: December 6, 2017, 4:14 pm

Tom Gores, Dan Gilbert and Detroit Mayor Mike Duggan Shoot for Soccer Goal in NYC

Dan Gilbert and Tom Gores, both owners of NBA teams, this afternoon make their pitch in New York to bring Major League Soccer to Detroit. They and other local boosters, including Mayor Mike Duggan, are speaking to the league commissioner and expansion ...
Posted: December 6, 2017, 11:38 am

NBA Trade Rumors: Pistons Tried to Move Reggie Jackson, Andre Drummond Last Year

In addition to team owner Tom Gores being a fan of Drummond, Detroit didn't receive any offers that "merited a serious discussion," according to Bontemps. Drummond admitted in August he wasn't immune to the constant swirl of rumors, per the Detroit News ...
Posted: December 6, 2017, 8:00 pm
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