Alec Gores
| Alec E. Gores | |
|---|---|
| Born | 1953 (age 71–72) Nazareth, Israel |
| Residence | Beverly Hills, California |
| Nationality | American, Israeli |
| Ethnicity | Lebanese mother Greek father |
| Alma mater | Western Michigan University |
| Occupation | Investor |
| Net worth | US$2.1 billion (October 2015)[1] |
| Spouse(s) | Divorced |
| Children | Five |
| Family | Tom Gores (brother) Sam Gores (brother) |
Alec E. Gores (born 1953) is an American businessman and investor who made his fortune through leveraged buyouts of technology firms. 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
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 divorced from his former wife, Lisa.[8]
In November 2012, he lost $17.4 million to gambler JP McManus in one backgammon session[9].
References
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Private equity and venture capital investors
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- ↑ Bannon, Lisa (April 9, 2002)."Gores Brothers Jockey for Same Deals In Grown-Up Game of Sibling Rivalry". The Wall Street Journal.
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- Living people
- American billionaires
- American computer businesspeople
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- American people of Greek descent
- American people of Lebanese descent
- American Roman Catholics
- American technology company founders
- American technology chief executives
- American venture capitalists
- Israeli emigrants to the United States
- Israeli people of Greek descent
- Israeli people of Lebanese descent
- People from Flint, Michigan
- Western Michigan University alumni
- American business biography stubs
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