Tom Gores
Private equity · Beverly Hills, California
Net worth
$10.6B
Today
$00.00%Past month
+$700K+0.01%As of Nov 11, 2026, 1:50 PM EST
Tom Gores oversees more than 60 companies with some $48 billion in assets through his Los Angeles-based private equity firm, Platinum Equity. The Gores family moved from Israel to Michigan when Tom was four. In his youth, he stocked shelves at his father's small grocery store in Flint. His brother, Alec, is also a private equity billionaire. Tom and Alec spent their 20s learning the buyout business together before splitting in 1995. Gores and Platinum bought the NBA's Detroit Pistons in 2011. He bought out Platinum's stake in 2015, giving him 100% of the team's equity. Gores bankrolled a $90 million headquarters and training center for the Pistons that opened in 2019.
Net worth over time
Principal holdings
1 positions| Company | Industry | Share | Value |
|---|---|---|---|
Private holdings | Finance & Investments | 100.0% | $10.6B |
Also known for
- A sports nut, Gores played football, basketball and baseball in high school and still coaches youth soccer and basketball teams.
“If we are making progress--then I am patient. If we are not making progress, I am very impatient.”