Gores began working for
General Motors after completing college. He left within six months, starting his own company that bought and distributed computers. In 1978, he founded Executive Business Systems with an $8,000 investment from his father. Following the acquisition, Gores began acquiring and operating non-core businesses. In 1987 he founded
The Gores Group, a private equity firm that has since acquired or invested in over 130 companies. Gores pioneered the operational approach to private equity investing, initially deploying his own personal capital, followed by ~$4 billion of institutional capital across multiple investment vehicles. Marquee investments during this time included the carve-out of The Learning Company from
Mattel;
Verifone from
HP; Therakos from
Johnson & Johnson; Lineage, which ultimately sold to
GE; and Sagemcom, which evolved into one of France's premier technology companies. Gores and his brother Tom have been involved in a number of deals together including the 2011 acquisition of Alliance Entertainment, which distributes DVDs, CDs and video games to stores such as
Barnes & Noble,
Amazon.com and
Target. In 2020, Forbes ranked Gores No. 391 on the
Forbes 400 list of America's wealthiest people. He was selected as 2021 Business Person of the Year by
LA Business Journal. Gores has also been profiled in
The Wall Street Journal. and publicly filed for Gores Technology Partners and Gores Technology Partners II, as well as Gores Guggenheim, the latter in partnership with
Guggenheim Partners. ==Personal life==