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Tom Gores

Tom Gores

0% | $ 0M
T. Gores
Rank
#0
Net Worth
$00.0B
Gender
Male
Age
61Y
Country
United States
Born On
July, 1964
Deceased
No
Relationship Status
Married
Children
3
Education

Michigan State University

Designation Info :

Self-Made
Yes
Type
Self-Made (Private Equity)
Organization Name
Platinum Equity
Title
Founder, Chairman & CEO
Source

Platinum Equity

Industry
Finance, Private Equity, Investments, Sports

About T. Gores


T om Gores is an Israeli-born American billionaire who is a prominent private equity investor and professional sports team owner. He is the founder of Platinum Equity, a major global private equity firm based in Los Angeles. Born in Nazareth, Israel, to a Catholic family, he immigrated to the U.S. as a child. After university, he founded Platinum Equity in 1995. The firm specializes in complex leveraged buyouts of businesses that are often underperforming or are non-core divisions of larger corporations. The firm has acquired hundreds of companies across a wide range of industries.

While he built his fortune in private equity, Gores is more widely known as the owner of the Detroit Pistons of the National Basketball Association (NBA), a team he purchased in 2011. He has been a key figure in the revitalization of downtown Detroit, having moved the Pistons from the suburbs back to a new arena in the city center. His brother, Alec Gores, is also a billionaire private equity investor.

Quick Reads


  • Founder of the private equity firm Platinum Equity.
  • Owner of the NBA's Detroit Pistons.
  • Born in Nazareth, Israel, he immigrated to the U.S. as a child.
  • His firm, Platinum Equity, specializes in buying and turning around struggling companies.
  • His brother, Alec Gores, is also a billionaire private equity investor.

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