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

Pistons' new, outside-the-box medical team being put to the test

It was one of the first calls to action for the Pistons’ new training staff, which was revamped this summer. After Pistons owner Tom Gores parted ways with Stan Van Gundy as team president and head co...
Posted: December 14, 2018, 9:47 am

Sources: Pistons want Stan Van Gundy back next season, preferably with front-office changes

Detroit Pistons owner Tom Gores wants Stan Van Gundy to return as coach for the final year of his contract, but would prefer for that scenario to include structural changes to the franchise's front of...
Posted: May 1, 2018, 2:00 pm

Supplier Dayco receives two offers, could fetch $1 billion, report says

Representatives for Dayco, TPG, Oaktree and Gores Group didn't respond to requests for comment. Gores Group is owned by investor Tom Gores, a well known name in Detroit for his ownership of the NBA's ...
Posted: November 15, 2018, 11:54 am
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