Alec Gores

Alec Gores
Born 1953 (age 64–65)
Nazareth, Israel
Residence Beverly Hills, California, U.S.
Nationality American, Israeli
Alma mater Western Michigan University
Occupation Investor
Net worth US$2.2 billion (April 2018)[1]
Spouse(s) Kelly Noonan (m. 2016); Lisa (div.)
Children 5
Family Tom Gores (brother)
Sam Gores (brother)

Alec E. Gores (born 1953) is an Israeli-American businessman and investor who made his fortune through leveraged buyouts of technology firms at the firm Gores Group. 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, and is of Christian Palestinian descent.[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:

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

Alec Gores was born in 1953 in Nazareth, Israel[2] to a Catholic family, and 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 married to Kelly Noonan Gores. He has a former wife, Lisa.[8]

In November 2012, he lost $17.4 million to gambler JP McManus in one backgammon session.[9]

See also

References

  1. 1 2 Morgan Brennan. "Forbes Alec Gores". Forbes. Retrieved 18 October 2015.
  2. 1 2 3 "Letters". San Diego Reader. 2009-05-20. Retrieved 2011-09-25. For the record, my mother is of Lebanese descent, and my father was of Greek descent. We were raised and are still practicing Catholics
  3. 1 2 "The Gores Group, LLC - Team". Gores.com. Archived from the original on July 24, 2011. Retrieved 2011-06-09.
  4. ↑ "Platinum Equity".
  5. ↑ "The Mystery Bidder for Borders: Meet Alec Gores". The Wall Street Journalt. June 1, 2011. Retrieved April 18, 2013.
  6. ↑ Bannon, Lisa (April 9, 2002)."Gores Brothers Jockey for Same Deals In Grown-Up Game of Sibling Rivalry". The Wall Street Journal.
  7. ↑ "The Gores Group History".
  8. ↑ Mark David (April 23, 2007). "Do You Know Who Lisa Gores Is?". Variety. Retrieved December 6, 2014.
  9. ↑ "'You've just got to be lucky' - How JP McManus won €15m in a board game with US billionaire". Independent.ie. Retrieved 2016-05-08.
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