Alec Gores

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Alec E. Gores
Born Nazareth, Israel
Residence Beverly Hills, California
Nationality United States, Israeli
Ethnicity Lebanese mother
Greek father
Alma mater Western Michigan University
Occupation investor
Net worth Increase US$1.9 billion (March 2013).[1]
Religion Roman Catholic
Spouse(s) divorced
Children five
Family Tom Gores (brother)
Sam Gores (brother)

Alec E. Gores is a Christian Arab American-Israeli businessman [2] who made his fortune through leveraged buyouts of technology firms. As of March 2013 his personal wealth was estimated at roughly $1.9 billion by Forbes magazine[1]

Early life and education[edit]

Alec Gores was born in 1953 in Nazareth, Israel, to a Greek father and Lebanese mother.[3] He was raised in Flint, Michigan and attended Genesee High School in Genesee, MI. He then obtained a degree in computer science from Western Michigan University.[4]

Career[edit]

In 1978, he founded Executive Business Systems with $10,000, selling computers out of his basement. By 1986 the company employed over 200 people and was acquired by CONTEL for approximately $2 million.[5]

Following the acquisition, Gores began acquiring and operating non-core businesses from major corporations. He eventually founded The Gores Group, a private equity firm in 1987 [4] and since then has acquired 80 companies over 25 years.[1]

Personal life[edit]

He was raised in, and still practices, the Catholic faith.[3] His brothers are:

References[edit]

  1. ^ a b c d Forbes Alec Gores
  2. ^ "#616 Alec Gores". Forbes.com. 2010-02-12. Retrieved 2011-06-09. 
  3. ^ a b San Diego Reader
  4. ^ a b "The Gores Group, LLC - Team". Gores.com. Archived from the original on 24 July 2011. Retrieved 2011-06-09. 
  5. ^ The Gores Group History
  6. ^ Platinum Equity
  7. ^ "The Mystery Bidder for Borders: Meet Alec Gores". The Wall Street Journalt. June 1, 2011. Retrieved April 18, 2013. 
  8. ^ Wall Street Journal: "Gores Brothers Jockey for Same Deals In Grown-Up Game of Sibling Rivalry" By Lisa Bannon April 9, 2002

External links[edit]