Tom Gores Net Worth, Age, Height, Bio, Birthday, Wiki!

Explore Tom Gores net worth, age, height, bio, birthday, wiki, and salary! In this article, we will discover how old is Tom Gores? Who is Tom Gores dating now & how much money does Tom Gores have?

Tom Gores Biography

Tom Gores is one of the most popular and richest Entrepreneur who was born on July 31, 1964 in Nazareth, Northern District, Israel. American businessman who made billionaire through the founding of the highly profitable private equity company Platinum Equity. The year 2011 was the time he bought the league’s Detroit Pistons for $325 million.

In the time he assumed the Pistons organization, he retained the name of When he took over the Pistons organization, he kept Joe Dumars as the President of Basketball Operations until 2014. as the president of Basketball Operations until 2014.

Tom Gores (born: Tewfiq Georgious, Arabic: توفيق جورجيوس ‎; July 31, 1964) is an American businessman and investor. He is the founder of Platinum Equity, a private equity firm with headquarters in Beverly Hills, California. On June 1, 2011, Gores and Platinum Equity became the owners of the National Basketball Association’s Detroit Pistons. He would later become sole owner of the team in 2015. Gores is also a billionaire with an estimated current net worth of $4.1 billion according to the 2019 Forbes 400 list.

After high school, he attended Michigan State University, where he worked as a janitor and telemarketer to make ends meet. He graduated in 1986 with a bachelor’s degree in construction management.

He was married to Holly Gores in 1995. He has three kids. The older brothers of his are investor Alec Gores and talent agent Sam Gores.

Ethnicity, religion & political views

Many peoples want to know what is Tom Gores ethnicity, nationality, Ancestry & Race? Let's check it out! As per public resource, IMDb & Wikipedia, Tom Gores's ethnicity is Not Known. We will update Tom Gores's religion & political views in this article. Please check the article again after few days.

Gores was first listed on the Forbes 400 list of the wealthiest Americans in 2002. In 2006, he led a deal to acquire PNA Steel, ultimately selling it to Reliance Steel & Aluminum Co. in 2008 for a net profit of $512 million. In May 2009, Gores purchased The San Diego Union-Tribune for an estimated $30 million (the newspaper was sold in 2011 for $110 million). By 2009, Gores had facilitated in excess of 100 deals through Platinum Equity.

Tom Gores Net Worth

Tom Gores is one of the richest Entrepreneur from Israel. According to our analysis, Wikipedia, Forbes & Business Insider, Tom Gores's net worth $2.9 Billion. (Last Update: December 11, 2023)

He relocated away from Israel in 1968 to Genesee, Michigan in 1968. He played baseball, football and basketball for Genesee High School.

He was named the 2010 Best Pro by Mergers & Acquisitions and was featured on the cover of the magazine in April that year.

Gores was born in Nazareth, Israel on July 31, 1964. He was the fifth of six children in a practicing Catholic family with a father of Greek descent and a mother of Lebanese descent. When he was around five years old, he and his family left Nazareth and settled in Genesee, Michigan located 10 miles northeast of Flint. His first job involved stocking shelves at his uncle’s grocery store in Genesee. While a student at Genesee High School, Gores played defensive back in football, middle infielder in baseball, and guard in basketball.

Gores had shown interest in purchasing and was one of the front runners to become the owner of the NBA’s Detroit Pistons after the death of long-time owner, Bill Davidson, in 2009. In October 2010, it was reported that then-Detroit Red Wings and Detroit Tigers owner, Mike Ilitch, would purchase Detroit’s NBA franchise. But, after Ilitch’s exclusive 30-day negotiating period with Davidson’s widow (Karen) ended, Gores showed renewed interest. He secured an exclusive negotiating period of his own in January 2011 and was presumed to become the next owner of the Pistons.

On June 1, 2011, Gores and Platinum Equity bought Palace Sports and Entertainment (PS&E) (the parent company of the Pistons and their former arena, The Palace of Auburn Hills) becoming the third owner in the franchise’s 70-year history. The purchase price of $325 million was referred to as a “shocking bargain” by Crain’s Detroit Business, although, in January 2011, Forbes had valued it at only $35 million more than eventual purchase price. Early in his tenure as owner, Gores approved $10-million worth of renovations to the Palace of Auburn Hills. He also instituted programs like “Seats for Soldiers”—which provides free tickets for PS&E events to U.S. military members and their families— and “Come Together”—a program celebrating community service, leadership, and volunteerism throughout Michigan.

Height, Weight & Body Measurements

Tom Gores height Not available right now. Tom weight Not Known & body measurements will update soon.

After college, Gores had a short stint at Continental Telephone before helping found a lumber-logistics software firm (Ventech). In 1989, Tom and his wife drove from Michigan to Los Angeles in a used Cadillac to run the firm’s West Coast operations. In 1995, Gores founded Platinum Equity in his home in Sherman Oaks. At the outset, Gores cold-called businesses to see if they had any divisions they were looking to offload. He found his first project with Litigation Services, Inc. (LSI), a then unprofitable firm that created computer-generated re-creations of accidents for courtroom evidence and testimony. He acquired it for $200,000, reorganized some of the corporate structure, and had returned it to profitability within six months. Between 1996 and 2001, Gores led 32 acquisitions, including those of Pilot Software, Racal, and Williams Communications. By the following year, Platinum Equity’s portfolio included units of Motorola, Fujitsu, and Alcatel.

In 2016, Gores launched FlintNOW, an organization designed to raise up to $10 million to provide relief to residents of Flint, Michigan affected by the city’s water crisis. Since 2009, Gores has donated toys to children in Detroit and Flint through the Toys for Tots program. Other Detroit area organizations to which Gores has given substantial support include the Jalen Rose Leadership Academy and S.A.Y Detroit. At the conclusion of the Pistons 2018-2019 season he made a donation of $255,000 to S.A.Y Detroit which was the result of a pledge Gores made during the annual radiothon to donate $5,000 for every Pistons win during the regular season and a $50,000 bonus for making the Playoffs.

Who is Tom Gores Dating?

According to our records, Tom Gores married to Holly Gores . As of December 1, 2023, Tom Gores’s is not dating anyone.

In September 2015, Gores purchased Platinum Equity’s stake in the Pistons to become the franchise’s sole owner. He had previously held a 51% stake while Platinum held 49%. Gores has played an integral role of supporting the Detroit Pistons and is known for his personal connection with the players. Most recently, he hosted the team at the Platinum Equity headquarters to motivate and “impart his experiences in life and in business”.

Facts & Trivia

Tom Ranked on the list of most popular Entrepreneur. Also ranked in the elit list of famous people born in Israel. Tom Gores celebrates birthday on July 31 of every year.

Gores supports several philanthropic and charitable organizations. He serves on the board of trustees of the Los Angeles County Museum of Art (LACMA) and was also a member of the board of directors at both St. Joseph’s Hospital and the UCLA Medical Center. Gores and his family help to support Children’s Hospital Los Angeles and, in particular, the Division of Clinical Immunology and Allergy. In 2016, Gores and his wife Holly donated $5 million to the hospital to establish the Gores Family Allergy center, which helps provide comprehensive care and research in allergy studies.

How did Tom Gore make his money?

Gores was first listed on the Forbes 400 list of the wealthiest Americans in 2002. In 2006, he led a deal to acquire PNA Steel, ultimately selling it to Reliance Steel & Aluminum Co. in 2008 for a net profit of $512 million.

Who did Tom Gores buy the Pistons from?

Gallery: Tom Gores. In April Platinum Equity chief, Tom Gores, bought the NBA’s Detroit Pistons (and its parent company Palace Sports & Entertainment) for $325 million . Now Gores, 47, has a chance to turn around a team that has lost 25% of its value over the last year.

Is Tom Gores related to Alec Gores?

He obtained a degree in computer science from Western Michigan University, and was the first in his family to attend college. He is the older brother of Tom Gores, founder of Platinum Equity, and Sam Gores, the head of Paradigm Talent Agency.

Who is Kelly Gores married to?

Alec Gores

Who owns piston?

Principal Owner. Tom Gores is owner of the Detroit Pistons and Chairman and CEO of global investment firm Platinum Equity.

ncG1vNJzZmiZnKGzornOrqqboaKptaWt2GeaqKVfqbyuecaoqZ6rXw%3D%3D