Alec Gores

Alec Gores Biography

Alec E. Gores is an American-Israeli businessman who made his fortune through leveraged buyouts of technology firms. As of March 2013 his personal wealth was estimated at roughly $1.9 billion by Forbes magazine

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, MI. He then obtained a degree in computer science from Western Michigan University.

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

He was raised in, and still practices, the Catholic faith.

His brothers are:

Tom Gores a fellow Forbes billionaire and founder of Platinum Equity. Together they have been involved in a number of deals together including the 2011 accusition of Alliance Entertainment, which distributes DVDs, CDs and video games to stores such as Barnes & Noble, Amazon.com and Target.

Sam Gores head of Paradigm Talent Agency

This webpage uses material from the Wikipedia article "Alec_Gores" and is licensed under the GNU Free Documentation License. Reality TV World is not responsible for any errors or omissions the Wikipedia article may contain.

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