Tom Gores

$10.06 B

Ranked #322 in World

About Tom Gores

Tom Gores, an American billionaire and founder of Platinum Equity, has made a mark as the owner of the NBA's Detroit Pistons and a notable philanthropist. Born in 1964, the Michigan State alum began at Continental Telephone, later excelling in private equity and high-profile acquisitions. Gores, who also endeavors to coordinate the Pistons with Detroit's MLS bid, champions community initiatives through FlintNOW and contributes to various health and arts charities. His family resides in Beverly Hills.

Born

July 31, 1964 in Nazareth, Israel

Age

61 years

Source Of Wealth

Private Equity

Industries

Finance & Investments

Citizenship

United States

Residence

Beverly Hills, California

Education

Bachelor of Arts/Science, Michigan State University

Spouse

Holly Gores

Children

Tom Gores was born on July 31, 1964, in Nazareth, Israel. His family immigrated to the United States when he was a young child, and he grew up in Flint, Michigan. Gores attended Michigan State University, where he earned a bachelor's degree in construction management.

Tom Gores: Family

Tom Gores is married to Holly Gores, and they have three children together. The family resides in Beverly Hills, California.

Tom Gores: Career Highlights

Gores started his career at Continental Telephone before co-founding a lumber-logistics software firm called Ventech. In 1995, he founded Platinum Equity, a private equity firm based in Beverly Hills, California. Under Gores' leadership, Platinum Equity has made numerous acquisitions, including Litigation Services, Inc. (LSI), Pilot Software, Racal, Williams Communications, PNA Steel, and The San Diego Union-Tribune.

Tom Gores: Companies

Tom Gores is the founder and CEO of Platinum Equity, a private equity firm based in Beverly Hills, California. He is also the owner of the National Basketball Association's Detroit Pistons.

Tom Gores: Major Achievements

In 2011, Gores purchased Palace Sports and Entertainment (PS&E), the parent company of the Detroit Pistons. He became the sole owner of the Pistons in 2015. Gores is also involved in efforts to bring a Major League Soccer franchise to Detroit. He partnered with the Ilitches to allow the Pistons to share the new Little Caesars Arena in downtown Detroit with the Red Wings.

Tom Gores: Awards & Achievements

Tom Gores has received numerous awards and recognitions for his business achievements. He was named Ernst & Young's Entrepreneur of the Year in 2007 and was inducted into the Michigan State University Alumni Hall of Fame in 2016.

Tom Gores: Personal Life & Legacy

Tom Gores is known for his philanthropic efforts. He launched FlintNOW, an organization to provide relief to residents of Flint, Michigan, affected by the city's water crisis. He also supports various philanthropic and charitable organizations, including the Los Angeles County Museum of Art (LACMA), St.

Joseph's Hospital, UCLA Medical Center, Children's Hospital Los Angeles, and the Jalen Rose Leadership Academy.

Tom Gores: Trivia

Tom Gores is a fan of basketball and ice hockey. He is a season ticket holder for the Detroit Pistons and the Detroit Red Wings.

Wealth History

Timeline

July 31, 1964

Tom Gores is born in Nazareth, Israel.

1986

Graduates from Michigan State University with a bachelor's degree in construction management.

1995

Founds Platinum Equity, a private equity firm based in Beverly Hills, California.

2011

Purchases Palace Sports and Entertainment (PS&E), the parent company of the Detroit Pistons.

2015

Becomes the sole owner of the Pistons.

2017

Launches FlintNOW, an organization to provide relief to residents of Flint, Michigan, affected by the city's water crisis.

Tom Gores : FAQs

What is Tom Gores's current net worth?

Tom Gores's current net worth is $10.06 billion.

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

Tom Gores holds the 322nd position globally among billionaires.

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

Tom Gores holds the 127th position in United States.

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

Tom Gores's net worth decreased by 0 million dollars compared to the previous year 2025, when his net worth was 10.06 billion dollars.

What are Tom Gores's main sources of wealth?

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

In which industry does Tom Gores primarily operate?

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

What is Tom Gores educational background?

Tom Gores holds a Bachelor of Arts/Science from Michigan State University.

How old is Tom Gores?

Tom Gores is 61 years old.

How many children does Tom Gores have?

Tom Gores has 3 children.

Who is American billionaire Tom Gores?

Tom Gores is an American billionaire businessman known as the founder of Platinum Equity, a private equity firm, and owner of the NBA team Detroit Pistons.

How did Tom Gores start his career before founding Platinum Equity?

Tom Gores started his career at Continental Telephone and later co-founded Ventech, a lumber-logistics software firm, prior to establishing Platinum Equity in 1995.

What notable achievements has Tom Gores accomplished with Platinum Equity?

Under Tom Gores' leadership, Platinum Equity has led numerous acquisitions, including key companies like LSI, Pilot Software, Racal, and The San Diego Union-Tribune.

What efforts has Tom Gores been involved in to support Detroit communities?

Tom Gores launched FlintNOW to aid Flint residents affected by the water crisis and collaborates with philanthropic entities, such as LACMA and the Jalen Rose Leadership Academy, to support various causes.

When did Tom Gores become the sole owner of the Detroit Pistons and what other sports initiatives has he supported?

Tom Gores became the sole owner of the Detroit Pistons in 2015 and has been involved in initiatives to bring Major League Soccer to Detroit and to facilitate the Pistons' move to Little Caesars Arena.