Yes, the gleaming new $863 million downtown arena was worth celebrating, but Gores was finalizing the deal of his lifetime, a ten-digit payout from his Beverly Hills buyout firm, Platinum Equity.The deal was done quietly, without fanfare or a press release. Gores forked over an estimated 15% of his stake in Platinum to another firm, Dyal Capital Partners, which will garner $1 billion for him over four years. In doing so, Gores, who's now worth $5.6 billion after the transaction, scored a huge personal windfall, raised the valuation of his firm, which he still controls-and avoided taxes.
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