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Monday, July 13, 2020
Mon, Jul 13th, 2020
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Tom Gores
Founder and Chief Executive
Platinum Equity
THE LATEST: Platinum Equity closed its latest flagship fund in December, an oversubscribed "megafund" totaling $10 billion. It was the firm's highest raise to date. BACKGROUND: Since opening its doors in 1995, Platinum Equity has grown into one of the largest private equity firms in Los Angeles, with approximately $19 billion in assets under management, thanks in large part to founder Gores. The firm has completed more than 250 deals and currently has a portfolio of about 40 operating companies. Gores has an estimated net worth of $4.8 billion and was No. 15 on the Business Journal&s 2019 list of Wealthiest Angelenos. He serves on the board of the Los Angeles County Museum of Art. The Michigan native purchased the Detroit Pistons in 2011 along with his firm.
YEARS ON THE LA500: 5
Return to the 2020 edition of the LA500.
