Rank #335
Tom Gores
Net worth $10.1B
Private equity · United States
- Born
- Jul 31, 1964
- Age
- 61
- Source
- Private equity
- Residence
- Beverly Hills, California
- Citizenship
- United States
- Marital status
- Married
- Children
- 3
- Education
- Bachelor of Arts/Science, Michigan State University
Net worth over time
Biography
- 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.