23 Facts About Tom Gores

Tom Gores was born on Tewfiq Georgious, Arabic: ; July 31,1964 and is an American billionaire businessman.

Tom Gores is the founder of Platinum Equity, a private equity firm headquartered in Beverly Hills, California.

Tom Gores was born in Nazareth, Israel on July 31,1964.

Tom Gores was the fifth of six children in a practicing Catholic family with a father of Greek descent and a mother of Lebanese descent.

Tom Gores graduated in 1986 with a bachelor's degree in construction management.

In 1995, Tom Gores founded Platinum Equity in his home in Sherman Oaks.

At the outset, Tom Gores cold-called businesses to see if they had any divisions they were looking to offload.

Tom Gores found his first project with Litigation Services, Inc, a then unprofitable firm that created computer-generated re-creations of accidents for courtroom evidence and testimony.

Tom Gores acquired it for $200,000, reorganized some of the corporate structure, and returned it to profitability within six months.

Between 1996 and 2001, Tom Gores led 32 acquisitions, including those of Pilot Software, Racal, and Williams Communications.

Tom Gores was first listed on the Forbes 400 list of the wealthiest Americans in 2002.

In May 2009, Tom Gores purchased The San Diego Union-Tribune for an estimated $30 million.

Tom Gores had shown interest in purchasing and was one of the front runners to become the owner of the NBA's Detroit Pistons after the death of the long-time owner, Bill Davidson, in 2009.

But, after Ilitch's exclusive 30-day negotiating period with Davidson's widow ended, Tom Gores showed renewed interest.

Tom Gores secured an exclusive negotiating period of his own in January 2011 and was presumed to become the next owner of the Pistons.

Early in his tenure as owner, Tom Gores approved $10-million worth of renovations to the Palace of Auburn Hills.

In September 2015, Tom Gores purchased Platinum Equity's stake in the Pistons to become the franchise's sole owner.

Later in 2016, Tom Gores reached an agreement with the Ilitches to allow the Pistons to share the new Little Caesars Arena in downtown Detroit with the Red Wings.

In June 2018, Tom Gores hired former Toronto Raptors head coach and the reigning NBA Coach of the Year, Dwane Casey.

In 2016, Tom Gores launched FlintNOW, an organization designed to raise up to $10 million to provide relief to residents of Flint, Michigan, affected by the city's water crisis.

Since 2009, Tom Gores has donated toys to children in Detroit and Flint through the Toys for Tots program.

Tom Gores served on the board of trustees of the Los Angeles County Museum of Art until October 2020 and was a member of the board of directors at both St Joseph's Hospital and the UCLA Medical Center.

In 2016, Tom Gores purchased a contemporary-style mansion in the Holmby Hills area of LA.