Tom Gores
$9.35B
as of 10/04/24
About Tom Gores
Tom Gores oversees more than 40 companies with some $48 billion in assets through his Los Angeles-based private equity firm, Platinum Equity.
The Gores family moved from Israel to Michigan when Tom was four. In his youth, he stocked shelves at his father's small grocery store in Flint.
His brother, Alec, is also a private equity billionaire. Tom and Alec spent their 20s learning the buyout business together before splitting in 1995.
Gores and Platinum bought the NBA's Detroit Pistons in 2011. He bought out Platinum's stake in 2015, giving him 100% of the team's equity.
Gores bankrolled a $90 million headquarters and training center for the Pistons that opened in 2019.
Personal stats
Citizenship
United States of AmericaSource of wealth
Private equityResidence
Beverly Hills, CaliforniaMarital status
MarriedBirth date
07/31/64 (age 60)Number of children
3Education
Bachelor of Arts/Science, Michigan State UniversitySelf-made
self-madeTom Gores’s fortune is worth
156K
troy ounces of gold
144K
median U.S. household
94K
median U.S. income
0.187%
U.S. credit card volume
0.037%
GDP of the United States
0.028%
United States debt
Net worth history
Annual ranking
Did you know?
A sports nut, Gores played football, basketball and baseball in high school and still coaches youth soccer and basketball teams.
Net worth over time
Real-time ranking
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