Alec Gores
$2.1B
Born
Mar 18, 1953
Age
72
Source of Wealth
Private equity
Residence
Beverly Hills, California
Citizenship
United States
Marital Status
Married
Children
6
Education
Bachelor of Arts/Science, Western Michigan University
- Gores has sponsored more than a dozen SPACs since 2015 as an early adopter of the blank-check frenzy that exploded in 2020.
- His SPACs have orchestrated mergers to take companies like Luminar Technologies, United Wholesale Mortgage and Twinkie-maker Hostess Brands public.
- Gores founded private equity firm The Gores Group in 1987, though its assets have shrunk more than 80% in the last decade to $574 million.
- Gores and his younger brother Tom, also a billionaire, immigrated to America from Israel with their parents and four other siblings in 1968.
- The brothers worked together at the beginning of their careers but went their separate ways in 1995 and have occasionally competed for buyout deals.
- Gores' first job after immigrating to the United States at age 15 was bagging groceries for 25 cents an hour at his uncle's store in Flint, Michigan.
- Alec's and Tom's brother Sam is the chairman of the Paradigm Talent Agency, which lists Coldplay, Laurence Fishburne and Ed Sheeran among its clients.
- Gores says he has donated more than $50 million in his lifetime, as of mid-2018, to recipients such as the Hebrew University of Jerusalem and programs for children
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