Alec Gores
Investments

Alec Gores Net Worth

6 months ago

Alec Gores was born in 1953 in Beverly Hills, California and is the founder of The Gores Group, a private equity firm with $2 billion in assets and 110 companies acquired as of June 2017. He and his brother Tom immigrated to the US in 1968 and worked together until 1995. Gores also founded tech firm Executive Business Systems in 1978 and partnered with Dean Metropoulos in 2016 to buy a piece of Hostess Brands.
Alec Gores is a member of Investments

Age, Biography and Wiki

Birth Year 1953
Birth Place Beverly Hills, California, United States
Age 70 YEARS OLD
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)

💰 Net worth: $2.5 Billion (2024)

Alec Gores, a prominent figure in the world of investments in the United States, is projected to have a net worth of $2.5 billion in 2024. Throughout his successful career, Gores has made shrewd and strategic investment choices, gaining considerable wealth over the years. He is known for his expertise in identifying lucrative opportunities and capitalizing on them. With his vast knowledge and experience, Alec Gores has proven his ability to navigate the intricate world of investments, solidifying his status as an influential figure in the industry.

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

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.

Some Alec Gores images

Tags Living people American billionaires American computer businesspeople American financiers American investors 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 People from Nazareth Western Michigan University alumni 1953 births

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Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.