Tom Gores Net Worth

Net Worth: $3.7 Billion
Statistics
  • Source of Wealth:

    Private Equity Owner of the Detroit Pistons
  • Age:

    53
  • Birth Place:

    Nazareth, Israel
  • Marital Status:

    Married (Holly Gores)
  • Full Name:

    Tewfiq Georgious
  • Nationality:

    United States
More Stats View More

About Tewfiq Georgious

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 $3.7 billion as of October 2017, according to Forbes.

Earnings & Financial Data ?
Choose Year

Earnings 2011

Asset Jun. 2011
Purchase value of Palace Sports and Entertainment (PS&E), the parent company of the Detroit Pistons and their former arena, The Palace of Auburn Hills, from Karen Davidson, the wife of the late Bill Davidson
$325,000,000

Earnings 2008

Earnings Aug. 2008
Accumulated profit of PNA Group
$181,000,000
Sale of Asset Aug. 2008
Sale of PNA Group by Platinum Equity to publicly traded Reliance Steel & Aluminum Co.
$300,000,000
Show all earnings

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