Rank #1747
Alec Gores
Net worth $2.4B
Private equity · United States
- Born
- Mar 18, 1953
- Age
- 73
- Source
- Private equity
- Residence
- Beverly Hills, California
- Citizenship
- United States
- Marital status
- Married
- Children
- 6
- Education
- Bachelor of Arts/Science, Western Michigan University
Net worth over time
Biography
- Private equity mogul Alec Gores cofounded the Gores Group and 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 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 and Ed Sheeran among its clients.
Financial assets
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