Alec Gores: Alec Gores Net Worth, Biography, Age, Spouse, Children & More

About Alec Gores

Renowned American billionaire Alec E. Gores, with a 2020 Forbes 400 ranking of 391, is celebrated for shaping the private equity landscape through The Gores Group, founded in 1987. Born to a multicultural family in Israel, Gores' legacy originated in Flint, Michigan, escalating from a humble start at his uncle's store to launching Executive Business Systems, sold for $2 million. With a penchant for worthwhile investments in tech and healthcare, Gores' influential career, alongside familial partnerships and devout Catholic life, symbolizes the quintessence of entrepreneurial success.

Born

March 18, 1953 in Nazareth, Israel

Age

73 years

Source Of Wealth

Private Equity

Industries

Finance & Investments

Citizenship

United States

Residence

Beverly Hills, California

Education

Bachelor of Arts/Science, Western Michigan University

Spouse

Lisa (divorced), Kelly Noonan (Married: 2016)

Children

Alec E. Gores, an American billionaire businessman, was born in 1953 in Nazareth, Israel. He hails from a Catholic family, with a Greek father and a Lebanese mother. At the age of 15, Gores moved to Flint, Michigan, where he worked at his uncle's store.

Alec Gores: Family

Gores comes from a close-knit family. He is the brother of Tom Gores, the founder of Platinum Equity, and Sam Gores, the head of Paradigm Talent Agency. Gores is a practicing Catholic and is married to Kelly Noonan-Gores. The couple has six children.

Alec Gores: Career Highlights

Gores attended Genesee High School and later obtained a degree in computer science from Western Michigan University. He began his career at General Motors but left after six months to establish his own computer distribution company. In 1978, he founded Executive Business Systems, which was later acquired by CONTEL in 1986 for $2 million.

In 1987, Gores established The Gores Group, a private equity firm that has since acquired or invested in over 130 companies. He pioneered the operational approach to private equity investing, focusing on improving the operations of the companies he invests in.

Alec Gores: Companies

Some of the notable companies that Gores has invested in or acquired through The Gores Group include The Learning Company, Verifone, Therakos, Lineage, and Sagemcom. He has also been involved in several deals with his brother Tom, including the acquisition of Alliance Entertainment in 2011.

Alec Gores: Major Achievements

Gores' success in the business world has led to numerous accolades and achievements. In 2020, he was ranked No. 391 on Forbes 400 list of America's wealthiest people. He was also selected as the 2021 Business Person of the Year by the LA Business Journal.

Alec Gores: Awards & Achievements

In addition to his business accomplishments, Gores has received several awards and recognitions for his contributions to the community.

He was honored with the Ellis Island Medal of Honor in 2019 and was inducted into the Michigan Business Hall of Fame in 2020.

Alec Gores: Personal Life & Legacy

Gores is known for his philanthropic efforts and has made significant contributions to various charitable organizations. He is actively involved in supporting education, healthcare, and the arts. Gores' legacy as a successful businessman and philanthropist continues to inspire others.

Alec Gores: Trivia

Gores is an avid collector of classic cars and owns a collection of over 100 vehicles. He is also a licensed pilot and enjoys flying his own plane.

Wealth History

Timeline

1953

Alec E. Gores was born in Nazareth, Israel.

1968

Moved to Flint, Michigan at age 15, worked at his uncle's store.

1978

Founded Executive Business Systems.

1986

Executive Business Systems was acquired by CONTEL for $2 million.

1987

Founded The Gores Group, a private equity firm.

2011

Involved in the acquisition of Alliance Entertainment with his brother Tom.

2020

Ranked No. 391 on Forbes 400 list of America's wealthiest people.

2021

Selected as 2021 Business Person of the Year by LA Business Journal.

2021

Launched Gores Holdings VII and VIII, publicly filed for Gores Technology Partners and Gores Guggenheim.

Alec Gores : FAQs

What is Alec Gores's current net worth?

Alec Gores's current net worth is $2.45 billion.

What is Alec Gores's current global rank among billionaires?

Alec Gores holds the 1653rd position globally among billionaires.

What is Alec Gores's current ranking within the United States?

Alec Gores holds the 571st position in United States.

What was the change in Alec Gores's net worth compared to the previous year?

Alec Gores's net worth increased by 332.42 million dollars compared to the previous year 2025, when his net worth was 2.12 billion dollars.

What is the recent change in Alec Gores's net worth?

Alec Gores's net worth increased by 0.36 million dollars recently, a 0.01% increase, with his net worth standing at 2.45 billion dollars.

What are Alec Gores's main sources of wealth?

Alec Gores's main source of income comes from Private Equity.

In which industry does Alec Gores primarily operate?

Alec Gores is primarily involved in the Finance & Investments industry.

What is Alec Gores educational background?

Alec Gores holds a Bachelor of Arts/Science from Western Michigan University.

How old is Alec Gores?

Alec Gores is 73 years old.

How many children does Alec Gores have?

Alec Gores has 6 children.

Who is Alec E. Gores and what is his background?

Alec E. Gores is an American billionaire businessman, born in 1953 in Nazareth, Israel. He comes from a Catholic family with a Greek father and a Lebanese mother. Gores moved to Flint, Michigan at age 15 and is a practicing Catholic with a wife and six children.

How did Alec E. Gores start his career and become a successful entrepreneur?

Alec E. Gores began his career at General Motors but quickly left to start his own venture, establishing Executive Business Systems in 1978. After selling that company for $2 million, he founded The Gores Group in 1987, building a successful career in private equity.

What accomplishments has Alec E. Gores achieved with The Gores Group?

With The Gores Group, Alec E. Gores has pioneered an operational approach to private equity investing, acquiring or investing in over 130 companies including prominent names like The Learning Company and Verifone.

What recognition has Alec E. Gores received for his business accomplishments?

Alec E. Gores was ranked No. 391 on the Forbes 400 list of America's wealthiest people in 2020 and was named the 2021 Business Person of the Year by LA Business Journal, highlighting his significant achievements.

What are some notable partnerships and family connections of Alec E. Gores?

Alec E. Gores has undertaken several deals with his brother Tom, including acquiring Alliance Entertainment in 2011. He's also the brother of Sam Gores, head of Paradigm Talent Agency. The Gores family thus has a notable presence in both the business and entertainment industries.