Tom Gores
Source of wealth: Private equity
...
...
The scale of their wealth
Health
The price of life
Let's compare Tom Gores's fortune with the healthcare spending of a massive country
Tom Gores could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 4.5 years.
But even if we compare their fortune with that of a rich country
On the other end, Tom Gores could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 2.0 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Tom Gores could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 3.0 years.
And yes, we can also compare it with a rich country
But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Tom Gores could pay for it entirely for 4.0 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Tom Gores could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 16.9 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Tom Gores with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.4 years.
Gold
Everyday luxuries
Tom Gores's fortune is equivalent to 69 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.
A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.
Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.
Tom Gores could buy 18,387,999 gold rings. That's a lot of fingers and way too many gifts!!
And if you're struggling to visualize that many rings, it would take 3 trucks to transport them. Although Tom Gores will almost certainly have enough money left over to pay for the gas.
Biography
Tom Gores oversees more than 60 companies with some $50 billion in assets through his Los Angeles-based private equity firm, Platinum Equity.
The Gores family moved from Israel to Michigan when Tom was four. In his youth, he stocked shelves at his father's small grocery store in Flint.
His brother, Alec, is also a private equity billionaire. Tom and Alec spent their 20s learning the buyout business together before splitting in 1995.
Gores and Platinum bought the NBA's Detroit Pistons in 2011. He bought out Platinum's stake in 2015, giving him 100% of the team's equity.
Gores bankrolled a $90 million headquarters and training center for the Pistons that opened in 2019.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison