Tom Gores

Tom Gores is an American businessman and investor. He is the founder of Platinum Equity, a private equity firm with headquarters in Beverly Hills, California. On June 1, 2011, Gores and Platinum Equity became the owners of the National Basketball Association’s Detroit Pistons.

• Tom Gores oversees more than 25 companies with some $19.4 billion in assets through his Los Angeles-based private equity firm, Platinum Equity.
• The Gores family moved from Israel to Michigan when Tom was four. In his youth, he stocked shelves at his father’s small grocery store in Flint.
• His brother, Alec, is also a private equity billionaire. Tom and Alec spent their 20s learning the buyout business together before splitting in 1995.
• In July 2019, Platinum raised more than $7 billion for what will be the firm’s largest fund when it closes later in the year.
• In 2011 Gores and Platinum Equity bought the NBA Detroit Pistons. In August 2015 he purchased Platinum’s stake, giving him 100% of the team’s equity.
• Gores bankrolled a new $90 million headquarters and training center for the Pistons. It opened in September 2019.