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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

Tom Gores hints at keeping Pistons core intact but says more progress needed

AUBURN HILLS – The Detroit Pistons were optimistic that a full season, or close to it, with a healthy Big Three of Blake Griffin, Andre Drummond and Reggie Jackson would net substantial progress. The ...
Posted: April 23, 2019, 1:19 pm

Owner Tom Gores talks Pistons’ future

With the Pistons‘ first postseason appearance since the 2015-16 campaign ending with four straight losses, the organization will continue to look for ways to win more games. Owner Tom Gores spoke with ...
Posted: April 23, 2019, 5:20 pm

Dan Gilbert nabs Michigan's Beilein to coach Cavaliers

Cleveland will be Beilein's first NBA job. He interviewed last year with the Detroit Pistons after team owner Tom Gores fired Stan Van Gundy, but Beilein opted to stay in Ann Arbor. He also reportedly ...
Posted: May 13, 2019, 11:54 am
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