Tom Gores
| Tom Gores | |
|---|---|
| Born |
July 31, 1964 Nazareth, Israel |
| Residence | Beverly Hills, California |
| Nationality | United States |
| Alma mater | Michigan State University |
| Occupation | Chairman and CEO of Platinum Equity LLC Owner of Palace Sports and Entertainment |
| Net worth |
 US$3.3 billion (December 2016) |
| Children | 3 |
| Family |
Alec Gores (brother) Sam Gores (brother) |
Tom Gores (Born: Tewfiq Georgious Arabic: توفيق جورجيوس) (born July 31, 1964) is an American businessman and investor. He is a billionaire with an estimated current net worth of $3.9 billion according to the 2015 Forbes list of World's Billionaires. He is the founder of Platinum Equity, a private equity firm with headquarters in Beverly Hills. On June 1, 2011, Tom Gores and Platinum Equity became the owners of the National Basketball Association’s (NBA) Detroit Pistons.
Tom Gores was born into a practicing Catholic family in Nazareth, Israel, the son of a father of Greek descent and a mother of Lebanese descent. In 1968, the family moved to Genesee, Michigan. While a student at Genesee High School, Gores played defensive back in football, middle infielder in baseball, and guard in basketball. He received a scholarship to attend Michigan State University, where he graduated in 1986 with a Bachelor of Science degree in construction management. He spent his twenties learning the buyout business with his older brother Alec. Prior to joining his brother, Tom was working at Continental Telephone for a short stint.
Gores lives in Beverly Hills, California with his wife and three children. He also has a condo in Birmingham, Michigan.
As a global private equity business magnate, Gores was estimated in 2011 by Forbes to be the 159th-richest American with a $2.5 billion fortune. He founded the Beverly Hills, California based Platinum Equity LLC in 1995 with the intent to acquire non-core divisions of Fortune 1000 corporations. Platinum Equity has since expanded its investment criteria to include public-to-private transactions and acquisitions from private sellers. Since its founding, the firm has acquired more than 130 companies in industries that include technology and IT services, manufacturing, industrials, distribution, transportation and logistics, and equipment rentals.
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