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. 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.
His brothers are:
- Tom Gores a fellow billionaire and founder of Platinum Equity. 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.
- Sam Gores head of Paradigm Talent Agency
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.
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 and since then has acquired 80 companies over 25 years.
Personal life
Alec Gores was born in 1953 in Nazareth, Israel to a Catholic family, and he was raised and remains a practicing Catholic.
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.
In November 2012, he lost $17.4 million to gambler JP McManus in one backgammon session.
Summary
| 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) |
| Spouse(s) | Kelly Noonan (m. 2016); Lisa (div.) |
| Children | 5 |
| Family | Tom Gores (brother) Sam Gores (brother) |
Source:wikipedia