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

Wojo: Gores desperately needs Casey to deliver

Wojo: Gores desperately needs Casey to deliver You’ve waited nearly a decade for the Pistons to be competitive again. You waited six weeks just to find out who the coach is. Check out this story on detroitnews.com: https://detne.ws/2K85Oqg
Posted: June 20, 2018, 6:18 pm

Niyo: Can Dwane Casey bring out the best in Pistons?

But it didn’t take Dwane Casey very long to cut to the chase Wednesday at his introductory press conference in Detroit, letting Pistons fans know where he stood while sitting on the dais next to his new boss, owner Tom Gores. “Our time is now,” Casey ...
Posted: June 21, 2018, 3:17 am

Pat Caputo - Tom Gores has gotten way more equity out of the Pistons than their fans

It’s always difficult, when the obvious is presented to a coach or general manager or, in this case an owner, to discern sincerity. And so it is with Tom Gores. Is the Pistons’ owner the Flint guy who cares so much that he will explore every avenue to ...
Posted: June 20, 2018, 4:12 pm
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