THE MONEY: Great year for private equity boosted Gores’ fortune through eponymous firm, which is moving from Westwood to Beverly Hills this month. Most of Gores’ wealth tied up in firm’s funds, though he also has undisclosed amount of stocks and bonds as well as several homes.
BUZZ: Gores Group had very active year. Invested in number of businesses, including Slovenian manufacturer of medical lasers. Gores took his first company public, Stock Building Supply Holdings Inc. of Raleigh, N.C. Walked away from planned acquisition of Pep Boys in 2012, got back in gear by investing in automotive publishing company Tweddle Group earlier this year; company prints automotive owner’s manuals. Construction workers putting finishing touches on firm’s new 41,000-square-foot Beverly Hills headquarters. Gores born in Nazareth, Israel; moved with family to Michigan as child. Founded private equity firm in 1987 after selling computer business for $2 million. Brought in younger brother and fellow billionaire Tom to work for him and learn business. Third Gores brother, Sam, chairman of Hollywood talent agency Paradigm.
$3.15 billion s19%
LAST YEAR: $2.65 billion
RESIDENCE: Beverly Hills
SOURCE OF WEALTH: Private equity
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