The private equity leader is one of the group of tycoons vying for possession of the NBA’s Detroit Pistons.He paid his way at Michigan State by telemarketing; cofounded software company. Started buyout company with brother Alec (also a billionaire); later founded Platinum Equity out of his house in 1995; has since made more than 100 acquisitions. Purchases underperformers with good assets. “You can’t command the market. You can control your business.”
Tom Gores was born in Nazareth, Israel to some Lebanese mother and a Palestinian father. His dad owned a construction company. He received a scholarship to attend Michigan State University,where he graduated in 1986 with a Bachelor of Science degree in construction management. 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 children. In the back yard is a soccer field for among his daughters.
Tom Gores (created July 31, 1964) is an American businessman, a billionaire having an estimated present net worth of $2.5 billion according to the 2011 Forbes list of World’s Billionaires. He could be the creator of Platinum Equity, a global 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 right into a practicing Catholic family in Nazareth, Israel, the son of a father of Greek ancestry and also a mother of Lebanese descent. His father owned a construction company. In 1968, the family moved to Genesee, Michigan. 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 buy out business with his older brother Alec. Prior to joining his brother, Tom was working at Continental Telephone to get a short stint. Gores lives in Beverly Hills together with his lovely wife and three children. He also has a house in Grosse Ile, 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 bundle. Since its foundation, the firm has acquired more than 130 companies in industries that include technology and IT services, production, industrials, supply, transportation and logistics, and gear rentals. In 2010, Platinum Equity was recognized as one of the greatest and fastest-growing private firms in The Us, ranking #31 on Forbes’ Largest Private Companies list in 2010 and #1 on the 2010 and 2011 Los Angeles Business Journal list of LA’s Largest Private Companies. In 2011, Platinum Equity rose to #23 on Forbes’ Largest Private Companies list, due to a 22.4% increase in the business’s sales. In 2011, Platinum rated #7 on the Los Angeles Business Journal’s list of the Biggest Private Equity Companies in Los Angeles.