Alec Gores’s profile picture

Alec Gores

Alec Gores’s profile picture
Net worth 2018: $2.16 Billion
Industry: Investments
Residence: Beverly Hills, California
Country: United States
BirthDay: 1953
Children: 5
Education: Bachelor of Arts / Science, Western Michigan University
BIOGRAPHY

Alec Gores was bornon 1953 in Beverly Hills, California, United States. Alec Gores is #1130 in List Billionaires People In The World. Alec Gores founded private equity firm The Gores Group in 1987, which has acquired 110 companies and has $2 billion in assets as of June 2017. Gores and his younger brother Tom, also a billionaire, immigrated to America from Israel with their parents and four other siblings in 1968. The brothers worked together at the beginning of their careers but went their separate ways in 1995 and have occasionally competed for buyout deals. Gores founded tech firm Executive Business Systems in 1978 and used the proceeds from selling that company to launch his private equity career. In July 2016 he bought a piece of Hostess Brands, maker of Twinkies, and became Dean Metropoulos' partner. Hostess went public three months later.

NET WORTH STATISTIC
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

"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."

Alec Gores
TIMELINE
2015

As of October 2015 his net worth was estimated at $2

1987

He eventually founded The Gores Group, a private equity firm in 1987 and since then has acquired 80 companies over 25 years

1986

By 1986 the company employed over 200 people and was acquired by CONTEL for approximately $2 million

1978

His brothers are:In 1978, he founded Executive Business Systems with $10,000, selling computers out of his basement

1953

Alec Gores was born in 1953 in Nazareth, Israel to a Catholic family, and he was raised and remains a practicing Catholic

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