Alec Gores
Beverly Hills, California
Bachelor of Arts/Science, Western Michigan University
United States
9
private equity, Self Made
$2,200,000,000
1057
2
#1057 Billionaires 2019
#368 Forbes 400 2018
Alec Gores founded private equity firm The Gores Group in 1987, which has acquired 110 companies and has $2 billion in assets as of June 2017.Gores and his younger brother Tom, also a billionaire, immigrated to America from Israel with their parents and four other siblings in 1968.The brothers worked together at the beginning of their careers but went their separate ways in 1995 and have occasionally competed for buyout deals.Gores founded tech firm Executive Business Systems in 1978 and used the proceeds from selling that company to launch his private equity career.In July 2016 he bought a piece of Hostess Brands, maker of Twinkies, and became Dean Metropoulos' partner. Hostess went public three months later.
Gores' first job after immigrating to the United States from Israel at age 15 was bagging groceries for 25 cents an hour at his uncle's store in Flint, Michigan.Alec's and Tom's brother Sam is the chairman of the Paradigm Talent Agency, which lists Coldplay, Laurence Fishburne and Ed Sheeran among its clients.Gores says he has donated more than $50 million in his lifetime, as of mid-2018, to recipients such as the Hebrew University of Jerusalem and programs for children
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