Nationality American, Israeli Name Alec Gores Children Eric Gores Spouse(s) Divorced | Net worth 2.1 billion USD (2015) Occupation Investor Role Businessman | |
 | ||
Residence Beverly Hills, California, United States Similar People | ||
Alec Gores Sees Benefits of Brother for Warner Music Bid
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.
Contents
- Alec Gores Sees Benefits of Brother for Warner Music Bid
- Barack Obamas NBA Junior League Idea Sucks Says Billionaire Alec Gores TMZ Sports
- Early life and education
- Career
- Personal life
- References
Barack Obama's NBA Junior League Idea Sucks, Says Billionaire Alec Gores | TMZ Sports
Early life and education
Alec Gores was born in 1953 in Nazareth, Israel, to a Greek father and Lebanese mother. 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.
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.
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.
Personal life
Alec Gores was born in 1953 in Nazareth, Israel to a Catholic family, and he was raised and remains a practicing Catholic.
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.
In November 2012, he lost $17.4 million to gambler JP McManus in one backgammon session.