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George Zimmer Net Worth

George Zimmer Net Worth

Net Worth: $800 Million

Statistics
  • Source of Wealth Business and Company
  • Birth Place New York City
  • Marital Status Married to Lorri Zimmer
  • Full Name George Zimmer
  • Nationality American
  • Date of Birth November 21, 1948
  • Ethnicity Jewish
  • Occupation Entrepreneur
  • Education Washington University in St. Louis
  • Children four children
More StatsView More

About George Zimmer

American entrepreneur George Zimmer has an estimated net worth of $800 million. Born on November 21, 1948 in New York City to a Jewish Family, he graduated with an A.B. in Economics at Washington University in St. Louis in 1970. He worked as a substitute teacher after graduation. He later joined his father in the clothing manufacturing business then worked as a purchasing agent and salesman in Hong Kong.

In 1973, Zimmer and his college roommates founded the Men’s Warehouse, a men’s clothing retailer. Their first store was located in Houston, Texas. Today, it has more than 1,200 stores across the U.S. and Canada under the bands of Moore, Men’s Warehouse, and K&G Superstores. He owns a stake of 8.7% of Men’s Warehouse. As of November 2004, it was already worth $94 million.

George Zimmer was the Chairman of the Board since its incorporation in 1974. From 1974 to February 1997, he was the company’s president. He was the Chief Executive Officer of the Company since 1991. He also appears in the television commercials and usually closes the ad with the company slogan.

Zimmer also holds the position as the director of Apollo Group, Inc. since June 15, 2011. By that time, he stepped down as the Chief Executive Officer but remained the Executive Chairman of the Board. He was the recipient of the Kupfer Award given by Mays Business School. He is a supporter of the research on the therapeutic use of MDMA, an empathogenic drug commonly known as ecstasy. He also supports the legalization of cannabis by making donations of around $70,500 to support the Proposition 19 in California in 2010.

Earnings & Financial Data

The below financial data is gathered and compiled by TheRichest analysts team to give you a better understanding of George Zimmer's net worth by breaking down the most relevant financial events such as yearly salaries, contracts, earn outs, endorsements, stock ownership and much more.

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Choose Year
  • Earnings 2013
  • Earnings 2012
Earnings 2013 N/A
Asset 2013

Value of his holdings in Men's Wearhouse

$67,450,000
Earnings 2012 $1.986 Million
Bonus 2012

Earnings from bonus

$100,000
Salary 2012

Annual Salary from Men's Warehouse

$1,025,000
Earnings 2012

Earnings from other types of compensation

$860,916