Tom Gores
Tom Gores is an American businessman and a self-made financier whose investment holdings include Platinum Equity—a California-based leveraged buyout business—where he is Founder, Chairman and Chief Executive Officer.
With an estimated current net worth of $2.2 billion dollars, he was ranked in 2010 by Forbes magazine as the 437th-richest person in the world.[1]
Tom Gores lives in Beverly Hills, California with his wife and three children.
Early Life
Tom Gores was born in Nazareth, Israel on July 31, 1964, to a Greek father and a Lebanese mother. The Gores family left Israel in 1968 with hopes for a better life in America. They settled in Genesee, Michigan.[2] Tom began working at the age of 10 and continued working through college. In high school, he excelled in sports and received a scholarship to attend Michigan State University. Tom graduated in 1986 with a Bachelor of Science degree.
Business
Tom Gores founded Platinum Equity in 1995 with the intent to acquire, transition, and create significant value in non-core or underperforming divisions of Fortune 1000 corporations.[3]
Since the Company’s founding, Platinum Equity has been recognized by top business publications as one of the largest and fastest-growing private companies in the United States, most recently ranking #27 on Forbes’ Largest Private Companies list for 2009.[4]
Through Platinum Equity, Tom Gores owns a portfolio of operating companies[5] in a broad range of business markets including industrial, logistics and distribution, manufacturing, media, real estate, telecommunications, technology, and business services. Gores make his investments through a diversified capital base that includes the assets of Platinum Equity's portfolio companies as well as private equity funds backed by capital commitments from public and private institutional investors.
Tom Gores has driven the rapid growth of Platinum Equity to a multi-billion-dollar revenue base in just over 14 years. Today, Platinum has acquired $27.5 billion in annual revenue, and over 100 companies in a wide variety of industries.[6]
Philanthropy
Tom Gores is involved in philanthropic activities and currently serves on the board of trustees for the Los Angeles County Museum of Art (LACMA).[7] He has previously served as a member of the board of directors at both St. Joseph’s Hospital and UCLA Medical Center.
Education
- Genesee High School, Genesee, MI High School Diploma
- Michigan State University, Bachelor of Arts / Science
References
- ^ http://www.forbes.com/lists/2010/10/billionaires-2010_Tom-Gores_DK81.html
- ^ Platinum Equity Buys Four Winns, Glastron, Wellcraft, Ranger. Boattest.com. January 27, 2010.
- ^ http://www.platinumequity.com/leadership/tomgores
- ^ http://www.forbes.com/lists/2009/21/private-companies-09_Platinum-Equity_50I2.html
- ^ http://www.platinumequity.com/portfolio
- ^ http://www.tomgores.com/
- ^ http://www.lacma.org/about/AboutLACMA.aspx
External links
Private equity and venture capital investors | ||
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