Tom Gores Net Worth

Tom Gores is a well-known American business person and investor, born on the 31st of July, 1964, in Nazareth, Israel. Tom Gores net worth is estimated at $3.7 Billion. He is recognized for founding Platinum Equity, a private equity firm located in Beverly Hills, as well as owning the NBA franchise Detroit Pistons, which he acquired in 2011. His net worth has significantly increased over the years, thanks to his astute business skills and smart investments.

Gores was born Tewfiq Georgious to a Greek father and Lebanese mother, and moved to Genesee, Michigan at the age of four. He excelled in sports during his time at Genesee High School, and went on to graduate from Michigan State University in 1986 with a BSc in construction management. His career in the business world started in the 1980s when he founded Platinum Equity LLC in 1995.

Under his leadership, Platinum Equity has experienced substantial growth and has acquired over 130 companies in various industries including manufacturing, technology, equipment rentals, and transportation and logistics. Tom Gores’ success has been acknowledged by Forbes, which estimated his wealth at $2.5 billion in 2011, ranking him as the 159th-richest American.

Beyond his professional achievements, Gores has undertaken philanthropic efforts. He launched several programs to support the community of Detroit, including the “Seats for Soldiers” initiative and the “Come Together” program, which celebrates community service, leadership, and volunteering in Michigan.

Tom Gores resides in Beverly Hills, Los Angeles with his wife Holly, whom he married in 1995, and their three children. Additionally, he owns a condo in Birmingham, Michigan. Gores is also known for his charitable contributions; one notable effort being his work to raise $10 million for the city of Flint, Michigan in response to the lead crisis in 2016.

Gores’ accomplishments and generosity reflect his commitment to making a positive impact, both in the business world and in the communities he shares a connection with.

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