Alec Gores

About Alec Gores

Gores has sponsored more than a dozen SPACs since 2015 as an early adopter of the blank-check frenzy that exploded in 2020.

His SPACs have orchestrated mergers to take companies like Luminar Technologies, United Wholesale Mortgage and Twinkie-maker Hostess Brands public.

Gores founded private equity firm The Gores Group in 1987, though its assets have shrunk more than 80% in the last decade to $574 million.

Gores and his younger brother Tom, also a billionaire, immigrated to America from Israel with their parents and four other siblings in 1968.

The brothers worked together at the beginning of their careers but went their separate ways in 1995 and have occasionally competed for buyout deals.