Tom Gores Net Worth $24 Billion
The private equity leader is one of the group of tycoons vying for ownership of the NBA’s Detroit Pistons.He paid his means at Michigan State by telemarketing; cofounded software company. Began buyout company with brother Alec (also a billionaire); later founded Platinum Equity from his home in 1995; has since made over 100 acquisitions. Purchases underperformers with good assets. “You can’t control the market. You can control your business.”
Tom Gores was born in Nazareth, Israel to some Lebanese mother and a Palestinian dad. His dad owned a construction company. In 1968, the family moved to Genesee, Michigan.While a pupil at Genesee High School, Gores played defensive back in soccer, middle infielder in baseball and guard in basketball. The family spent his twenties learning the buyout company with his older brother Alec.
Gores lives in Beverly Hills with his lovely wife and three kids. He also has another house in Grosse Ile Michigan.The house next door to him was for sale and he bought it and joined the 2 houses with a gate. In the back yard is a soccer field for among his daughters.