At that time, the sale was believed to be one of the highest prices ever paid for a home in the city. I noticed that you havent addressed his use of charter jets. Allegedly the scheme involved the office of the Bristol County Sheriff in Massachusetts and Securus Technologies was being accused of bribery to get exclusive phone service contracts. Gores stays in close touch with Ethan Davidson, son of the late Pistons' owner Bill Davidson, who died in 2009. Ive already seen the facts. In January 2020, Platinum closed on its largest fund to date, raising a higher-than-expected $10 billion from investors. Chairman and CEO Tom Gores founded Platinum Equity in 1995 and now ranks on Forbes lists of both the "World's Billionaires" and "Richest Americans." His leadership of Platinum Equity, growing it to be among the largest private companies in America today, is based on the principles of relationships, trust, and communication. [5][8] In 1995, Gores founded Platinum Equity in his home in Sherman Oaks. 0. troy ounces of gold . His brother, Alec, is also a private equity billionaire. That reporter was from Forbes. There is not a rule saying that there has to be a correlation between understanding what happens to our climate & living a carbon neutral lifestyle. For 16 years, the record for most expensive house ever sold in LA County was held by a Bel Air property that went for $94 million back in 2000. Tom Gores founded Platinum Equity in 1995 and his guidance, core philosophies, and strong principles drive the strategic development and direction of both the firm and its portfolio. 2023 Forbes Media LLC. Theres a million-dollar condo in the Stone Canyon area near Mulholland Drive, a tiny house in the flats of Beverly Hills (acquired for $3,325,000), a tiny house in Mandeville Canyon (purchased for $1,900,000), and a large (and rather ugly) fixer in the hills of Brentwood, purchased earlier this year for $7,400,000. In August, NBA players spontaneously refused to play games for two days in protest of the police shooting of Jacob Blake in Kenosha, Wis. NBA owners also agreed to collectively contribute $30 million annually for a decade to fund a new NBA foundation with a mission to drive economic empowerment for Black communities through employment and career-advancement which was noted by Worth Rises in its letter. Therefore in 2011, the Gores children began working on the founding of EpiPal, the nonprofit that would raise awareness of food allergies as well as money for those in need. Its another inconvenient truth.. Tom Gores, chairman and CEO of Platinum Equity and owner of the Detroit Pistons, announced plans today to build a new $20 million community center in Rouge Park on the City of Detroit's west side.

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