Tom Gores
$10.1B
Born
Jul 31, 1964
Age
61
Source of Wealth
Private equity
Residence
Beverly Hills, California
Citizenship
United States
Marital Status
Married
Children
3
Education
Bachelor of Arts/Science, Michigan State University
- Tom Gores oversees more than 60 companies with some $50 billion in assets through his Los Angeles-based private equity firm, Platinum Equity.
- The Gores family moved from Israel to Michigan when Tom was four. In his youth, he stocked shelves at his father's small grocery store in Flint.
- His brother, Alec, is also a private equity billionaire. Tom and Alec spent their 20s learning the buyout business together before splitting in 1995.
- Gores and Platinum bought the NBA's Detroit Pistons in 2011. He bought out Platinum's stake in 2015, giving him 100% of the team's equity.
- Gores bankrolled a $90 million headquarters and training center for the Pistons that opened in 2019.
- A sports nut, Gores played football, basketball and baseball in high school and still coaches youth soccer and basketball teams.
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