Alec Gores

About Alec Gores

Birth Year: 1953
Birth Place: Beverly Hills, California, United States
Residence: Beverly Hills, California, U.S.
Alma mater: Western Michigan University
Occupation: Investor
Spouse(s): Kelly Noonan (m. 2016); Lisa (div.)
Children: 5
Family: Tom Gores (brother) Sam Gores (brother)

Alec Gores Net Worth

Alec Gores was bornon 1953 in Beverly Hills, California, United States. 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.
Alec Gores is a member of Investments

💰 Net worth: $2.2 Billion (Updated at 22 June 2018)

2009 $1.6 Billion
2010 $1.7 Billion
2011 $1.9 Billion
2012 $1.9 Billion
2013 $2 Billion
2014 $2.1 Billion
2015 $2.1 Billion
2016 $2.1 Billion
2017 $2.1 Billion
2018 $2.16 Billion

Some Alec Gores images

Famous Quotes:

"I love this country. I love what it brings. When you come from a different place, and you get to see the freedom that we have, the opportunity that we have -- it's insane."

Biography/Timeline

1953

Alec Gores was born in 1953 in Nazareth, Israel to a Catholic family, and he was raised and remains a practicing Catholic.

1978

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.

1987

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.

2012

In November 2012, he lost $17.4 million to gambler JP McManus in one backgammon session.