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Billionaire Tom Gores Selling Los Angeles Mansion for $10.7 Million

Billionaire Tom Gores, owner of the NBA’s Detroit Pistons and founder of global private equity firm Platinum Equity, has just listed his stunning Mulholland Drive estate in Beverly Hills for $10, 750,000.

The Israeli-born billionaire graduated from Michigan State and launched an ultra-successful private equity firm in 1995, acquiring non-core divisions of various Fortune 1000 companies. In 2011, Forbes recognized Platinum Equity as one of the largest and fastest-growing private companies in America, ranking it #23 on its 2011 list of Largest Private Companies. In early 2011, Gores became the new owner of the NBA Detroit Pistons and Palace Sports Entertainment – a Michigan sports and entertainment company. Most recently, Gores landed on Forbes’ 2012 List of World’s Billionaires valued at a net worth of $2.5 billion.

So how does a billionaire live? In one word: large! The 11,000 square-foot estate features six bedrooms, eight bathrooms and sits on a double lot within the desired Los Angeles gated community, The Mulholland Estates. Exclusively designed with Mediterranean influence by designer Hablinski Manion, the property offers rare finishes and fixtures at every turn, pairing beautifully with its exposed beam high ceilings and arched windows and doors. The second level features five ensuites, including a large space with built-in cabinetry for a playroom/family room option. The master suite comes fully equipped with fireplace, two walk-in closets, private office, large terrace and marble bath spa.

On its lower level, the estate offers a formal living and dining room, large family room, and gourmet kitchen with large center island and state-of-the-art appliances. The downstairs also includes a screening room, wood-paneled library and arched glass doors opening to a grand yard with saltwater pool and spa, along with gazebo with built-in barbecue. Both levels offer state-of-the-art- security and audio/visual systems throughout.

According to our sources, he’s currently building a massive, billionaire-worthy home in the Holmby Hills area of Beverly Hills.