Tom Gores Net Worth

Net Worth: $4.1 Billion
Statistics
  • Source of Wealth:

    Business
  • Age:

    55
  • Birth Place:

    Nazareth, Israel
  • Marital Status:

    Married (Holly Gores)
  • Full Name:

    Tewfiq Georgious
  • Nationality:

    American
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About Tewfiq Georgious

The private equity chief is among the group of tycoons vying for ownership of the NBA's Detroit Pistons. He paid his way at Michigan State by telemarketing and co-founded a software firm. He started the buyout of business with his brother Alec (also a billionaire). Tom later founded Platinum Equity out of his home in 1995 and has since made more than 100 acquisitions. He buys underperformers with good assets. "You can't control the market. You can control your company."

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Tom Gores was born in Nazareth, Israel to a Lebanese mother and a Palestinian father. His father owned a construction company. In 1968, the family moved to Genesee, Michigan. While a student at Genesee High School, Gores played defensive back in football, middle infielder in baseball and guard in basketball. 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 buyout business with his older brother Alec.

Gores lives in Beverly Hills with his wife and three children. He also has another house in Grosse Ile Michigan. The house next door to him was for sale and he bought it and connected the 2 houses with a gate. In the backyard is a soccer field for one of his daughters.

Tom Gores has an estimated net worth of $4.1 billion.

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Earnings 2016

Asset Oct. 2016
Purchase value of Tom Gores' 11,000-square-foot Holmby Hills spec house that involves multiple properties including a two-plus-acre residence built on the grounds of Barbra Streisand's former "Mon Rêve" estate
$100,000,000

Earnings 2012

Sale of Asset Oct. 2012
Sale of Tom Gores' stunning 11,000-square-foot Mulholland Drive estate in Beverly Hills
$10,750,000
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