Alec Gores
Alec Gores | |
---|---|
Born |
1953 (age 63–64) Nazareth, Israel |
Residence | Beverly Hills, California, U.S. |
Nationality | American, Israeli |
Alma mater | Western Michigan University |
Occupation | Investor |
Net worth | US$2.1 billion (October 2015)[1] |
Spouse(s) | Kelly Noonan (m. 2016); Lisa (div.) |
Children | 5 |
Family |
Tom Gores (brother) Sam Gores (brother) |
Alec E. Gores (born 1953) is an Israeli-American businessman and investor who made his fortune through leveraged buyouts of technology firms at the firm Gores Group. As of October 2015 his net worth was estimated at $2.1 billion by Forbes magazine.
Early life and education
Alec Gores was born in 1953 in Nazareth, Israel, to a Greek father and Lebanese mother.[2] He was raised in Flint, Michigan, and attended Genesee High School in Genesee, Michigan. He then obtained a degree in computer science from Western Michigan University.[3]
His brothers are:
- Tom Gores a fellow billionaire and founder of Platinum Equity.[4] They have been involved in a number of deals together including the 2011 acquisition of Alliance Entertainment, which distributes DVDs, CDs and video games to stores such as Barnes & Noble, Amazon.com and Target.[5]
- Sam Gores head of Paradigm Talent Agency[6]
Career
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.[7]
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[3] and since then has acquired 80 companies over 25 years.[1]
Personal life
Alec Gores was born in 1953 in Nazareth, Israel[2] to a Catholic family, and he was raised and remains a practicing Catholic.[2]
Gores has five children: Rochelle Gores Fredston, Eric Gores, Lauren Gores Ireland, Alexa Gores, and Gavin Gores. He is married to Kelly Noonan Gores. He has a former wife, Lisa.[8]
In November 2012, he lost $17.4 million to gambler JP McManus in one backgammon session.[9]
See also
References
- 1 2 Morgan Brennan. "Forbes Alec Gores". Forbes. Retrieved 18 October 2015.
- 1 2 3 "Letters". San Diego Reader. 2009-05-20. Retrieved 2011-09-25.
For the record, my mother is of Lebanese descent, and my father was of Greek descent. We were raised and are still practicing Catholics
- 1 2 "The Gores Group, LLC - Team". Gores.com. Archived from the original on July 24, 2011. Retrieved 2011-06-09.
- ↑ "Platinum Equity".
- ↑ "The Mystery Bidder for Borders: Meet Alec Gores". The Wall Street Journalt. June 1, 2011. Retrieved April 18, 2013.
- ↑ Bannon, Lisa (April 9, 2002)."Gores Brothers Jockey for Same Deals In Grown-Up Game of Sibling Rivalry". The Wall Street Journal.
- ↑ "The Gores Group History".
- ↑ Mark David (April 23, 2007). "Do You Know Who Lisa Gores Is?". Variety. Retrieved December 6, 2014.
- ↑ "‘You’ve just got to be lucky’ - How JP McManus won €15m in a board game with US billionaire". Independent.ie. Retrieved 2016-05-08.