General News

Greek-American Billionaire Tom Gores Giving back during the Pandemic

DETROIT, MI – Greek-American billionaire Tom Gores, among The National Herald’s Wealthiest each year, is giving back during the coronavirus pandemic, according to The Detroit News (TDN).

The founder of Platinum Equity, Gores, also owns the Detroit Pistons basketball team, and has partnered with “Brooklyn Nets team owner Joe Tsai to deliver 350,000 KN95 masks and 100,000 medical goggles, which will be distributed to testing centers, homeless shelters, and front-line workers in the city’s police and transportation departments,” TDN reported on April 30.

This latest effort to help during the crisis follows Gores’ “obtaining 100,000 surgical-grade masks for the City of Detroit and partnering with other and partnering with other groups to donate $375,000 to Forgotten Harvest food bank,” TDN reported.

“The Joe and Clara Tsai Foundation sourced and imported the PPE supplies from China and worked with Detroit Mayor Mike Duggan to allocate the supplies, with the Pistons organization arranging to provide logistics and support to ensure delivery,” TDN reported.

Gores said in a statement, “We are grateful for Joe and Clara’ commitment to Detroit and proud to be their partner in bringing additional medical supplies to our community. The NBA family continues stepping up in the fight against COVID-19,” TDN reported, adding that “Gores, highlighting the partnership between the city, the Pistons and Tsai, called for continued collaboration between public officials, corporate partners and community organizations to prepare for the long-term impacts of the health crisis.”

Gores said, TDN reported, “The city is making progress in the fight against COVID-19, but there is still a long way to go and the long-term needs in the community will be substantial. It’s inspiring to see people coming together right now and I’m confident we will sustain that spirit in the weeks and months ahead.”


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