Tewfiq Georgios is a businessman and investor from the United States. He is the founder of Platinum Equity, a privately held equity firm in Beverly Hills, California. Platinum Equity and Gores purchased the Detroit Pistons of the National Basketball Association in 2011. In 2015, he became the team’s sole owner. Furthermore, Gore is listed among the billionaires ranked by Forbes magazines.
Quick Facts
| Celebrated Name: | Tom Gores |
| Real Name/Full Name: | Tewfiq Georgios |
| Gender: | Male |
| Age: | 60 years old |
| Birth Date: | 31 July 1964 |
| Birth Place: | Nazareth Israel |
| Nationality: | American |
| Height: | 180 cm |
| Weight: | 78 kg |
| Sexual Orientation: | Straight |
| Marital Status: | Married |
| Wife/Spouse (Name): | Holly Gores |
| Children/Kids (Son and Daughter): | Yes (3) |
| Dating/Girlfriend (Name): | N/A |
| Is Tom Gores Gay?: | No |
| Profession: | Investor |
| Salary: | N/A |
| Net Worth in 2024: | $6 billion |
| Last Updated: | September 2024 |
Tom Gores Biography
Tom Gores was born on July 31, 1964, in Nazareth, Israel. He comes from a large family of six children, with Tom being the youngest. His family relocated to Genesee, Michigan, when he was only five years old.
He attended Genesee High School, where he was a defensive back in football, a guard in basketball, and a midfielder in baseball. He later attended Michigan State University, but due to financial constraints, he worked as a telemarketer and janitor to make ends meet. He earned a bachelor’s degree in construction management in 1986.
Tom Gores Age, Height, Weight
Tom Gores was born on July 31, 1964, and is 60 years old as of 2024. His height is 180 cm, and he weighs 78 kg.
Career
When he finished his education, he helped to establish the Lumber-Logistics firm Ventech. In 1989, he and his wife relocated to Los Angeles to run the firm’s West Coast operations. Then, while living in Sherman Oaks, he founded Platinum Equity in 1995. He then landed his first job with Litigation Services Inc., where he worked on computer-generated recreations of car accidents for courtroom testimony evidence. Tom purchased them for $200,000 and it only took him six months for the company to become profitable. Between 1996 and 2001, he was at the helm of 32 acquisitions, including Pilot Software, Rascal, and Williams Communications. The following year, Platinum Equity’s portfolio expanded to include companies such as Alcatel, Motorola, and Fujitsu, propelling him to the Forbes list of the 400 wealthiest Americans.
Platinum Equity purchased PNA Steel in 2006 and sold it to Reliance Steel Aluminium Co. two years later for a profit of $512 million. Tom went on to buy The San Diego Union-Tribute for $ 30 million and sell it for $ 110 million two years later. By the end of 2009, Tom had facilitated over 100 transactions through Platinum Equity. Platinum Equity and Tom purchased the Detroit Pistons and their former arena, The Palace of Auburn Hills, for $325 million in 2011, which was regarded as a shocking bargain. He spent $10 million to renovate the arena. After purchasing Platinum Equity Shares in 2015, Tom became the sole owner of Pistons. The following year, he signed an agreement with the owners of the Detroit Red Wings to share new Little Caesars Arenas in downtown Detroit. Tom has gained over $775 million since acquiring the Pistons in 2011.
Tom Gores Wife, Marriage
Among other accomplishments, Tom is the youngest person to appear on the Forbes list of the World’s Billionaires and Richest Americans.
Tom Gores’s Net Worth in 2024
It goes without saying that Gores’s worth is measured in billions of dollars. Gores’ private equity firm manages more than 40 companies. He owns the NBA team Detroit Pistons, which brings him $775 million in profits. He owns a home in Birmingham, Michigan, as well as a mansion in Los Angeles, California. He can afford anything money can buy, but he prefers to live a normal life. His estimated net worth as of March 2024 is $6 billion. Aside from his wealth, which defines him, he is also a philanthropist who supports charitable organizations that help underprivileged people in society. He has also assisted dozens of businesses in regaining their footing by shifting from losses to profits.
Tom Gores Wife, Marriage
Gore’s personal life is kept private. He keeps his fans guessing because there is no information about his dating life or even how they met. Despite his privacy, he has only revealed a few details to the public, and the rest remains a mystery. For those who are curious, a rich billionaire is a married man. He has been married to his wife Holly Gores since 1995. They have three children together, but their names have not been revealed. Gore lives in Beverly Hills with his wife and three children.
