Alec Gores Bio | Wiki
Alec Gores (Full Name: Alec E. Gores ) is a popular American billionaire businessman who started making his fortune through leveraged buyouts of technology firms at the firm The Gores Group. He founded the firm in 1987, though the assets have shrunk over 80% in the last decade to $574 million. Alec has also been instrumental in familiarizing SPACs, starting in the mid-2010s.
He started serving for General Motors after finishing college. Alec left within six months, beginning his own company that purchased and distributed computers. In 1978, Alec founded Executive Business Systems with an $8,000 investment from his dad. By 1986 the company hired more than 200 people and was acquired by CONTEL for approximately $2 million.
After the acquisition, Alec started acquiring and operating non-core businesses. In 1987 Alec created The Gores Group, a private equity firm that has since acquired or invested in more than 130 companies. He pioneered the operational approach to private equity investing, originally deploying his own personal capital, followed by ~$4 billion of institutional capital across many investment vehicles.
Alec Gores Age
Alec was born in 1953 in Nazareth, Israel. He is 70 years old.
Alec Gores Height
He is a man of average stature. Alec stands at a height of 5 ft 7 in ( Approx. 1.7m ).
Alec Gores Family
He was born in Nazareth, Israel, in a Catholic family. Alec is the son of a Greek father and a Lebanese mother. Alec’s family moved to Flint, Michigan in November 1968 when he was 15 years old. Alec started working at his uncle’s store in Flint, bagging groceries for 25 cents an hour. He has two brothers Tom Gores who is a fellow billionaire and creator of Platinum Equity and Sam Gores who is the head of Paradigm Talent Agency. In 1968, Alec and his younger brother Tom, also a billionaire, came to America from Israel with their parents and four other siblings.
Alec Gores Brother
Alec has two brothers Tom and Sam. His brother Tom is a billionaire businessman who founded Platinum Equity. His other brother Sam is the chairman of Paradigm Talent Agency in Beverly Hills, California. He and Tom have been included on the Forbes list of the wealthiest people in the globe.
Alec Gores Wife
Alec is married to his wife Kelly Noonan. Kelly works as a producer and director of the award-winning documentary HEAL. The two married on December 5, 2016. Previously, Alec was married to Lisa whom he divorced in 2001. Alec is the father of six children including Rochelle Fredston, Eric, Lauren Ireland, Alexa, and Gavin.
Alec Gores Daughter
He has a daughter named Lauren Ireland who began her journalism profession as a morning news reporter for a local news station affiliated to ABC News in Columbia, Missouri.
In 2019, his eldest child, a daughter named Rochelle Fredston, paid $8 million for her own Malibu mansion. Rochelle also created the Philanthropic Society Los Angeles in 2010 (renamed Learning Lab Ventures in 2017).
Alec Gores Education
He studied at Genesee High School in Genesee, Michigan. Alec earned a degree in computer science from Western Michigan University and became the first in his family to go to college.
Alec Gores Yacht
Following minting billions in the private equity arena, he chartered his own yacht and parked it next to Mr. Coulson’s.
Alec Gores House
In 2022, he sold his 31,000-square-foot French Normandy-style estate in Beverly Park for $70 million. Alec sold the 11-bedroom, 21-bath mansion at 49 Beverly Park Circle in the gated Beverly Park enclave of Beverly Crest in an all-cash, off-market deal, Dirt.com announced. In 2018, it questioned $95 million in a pocket listing.
Alec Gores Poker
In 2021, Dan Bilzerian disclosed that his upcoming grudge match opponent Alec once got hit with a $350 million tax bill for poker winnings. The $100M poker match between Alec and Dan Bilzerian does not seem like it is happening any time soon.
Alec Gores House Malibu | Malibu House
He has a house in Malibu, California. Alec has made his fortune through leveraged buyouts of technology firms and owns a house. His daughter Rochelle Fredston also paid $8 million for her own Malibu mansion.
Alec Gores Spac | Spacs
He has sponsored over a dozen SPACs since 2015 as an early adopter of the blank-check frenzy that exploded in 2020. Alec’s SPACs have orchestrated mergers to take companies including Luminar Technologies, United Wholesale Mortgage, and Twinkie-maker Hostess Brands public. He created his private equity firm in 1987, though its assets have shrunk over 80% in the last decade to $574 million.
Alec Gores Net Worth
Alec gets his wealth from his work as a billionaire businessman who started making his fortune through leveraged buyouts of technology firms at the firm The Gores Group. Therefore, Alec has accumulated a decent fortune over the years. Alec’s net worth is $2.5 billion.
How Old Is Alec Gores
Alec is a 70-year-old who was born in 1953 in Nazareth, Israel.
Is Alec Gores Married
Yes, he married producer and director of the award-winning documentary HEAL Kelly Noonan. The couple married in on December 5, 2016, in a wedding ceremony attended by close friends and family members.
Who Is Alec Gores
H is an American businessman who is the founder and chairman of The Gores Group. Alec has sponsored over a dozen SPACs since 2015 as an early adopter of the blank-check frenzy that exploded in 2020. Alec’s SPACs have orchestrated mergers to take companies such as Luminar Technologies, United Wholesale Mortgage as well as Twinkie-maker Hostess Brands public.