George Zimmer is a famous American entrepreneur. He is renowned as the founder, former Executive Chairman, former CEO of ‘Men’s Wearhouse.’ The men’s clothing has over 1200 stores across the US and Canada under various brand names. The brands include K&G Superstores, Moores, and Men’s Wearhouse. Of late, George is the Chairman, CEO, and Founder of Generation Tux, an online store for renting tuxedo and suits. Also, this online store provides customers with on-demand tailoring for men and women. Continue reading to find the estimated net worth of George Zimmer as of 2019.
Early Life & Biography:
George Zimmer was born on 21st November 1948 in New York City in the US to a Jewish family. George Zimmer studied from a primary school in Scarsdale, New York. Later, he studied at Washington University in Saint Louis, Missouri. As a college student, he was a member of the Phi Chapter of Sigma Alpha Mu. In 1970, George Zimmer earned his B.A. in Economics.
George Zimmer has been married two times. He and Lorri Zimmer are currently married. They have two children, and the family lives in Piedmont, California.
Career, Awards & Nominations:
After graduation, George Zimmer worked as a substitute teacher. Later, George joined his father who had a business in manufacturing clothing. In 1970s George Zimmer worked as a purchasing agent and salesman in Dallas and Hong Kong.
In 1973, George Zimmer and his college roommates founded the Company named ‘Men’s Warehouse.’ This was a men’s clothing retailer, and its first store was opened in Houston, Texas. Presently, there are over 1,200 stores across the U.S. and Canada. The brands used for the Company include K&G Superstores, Moore and Men’s Warehouse.
In 1974, George Zimmer served as the Chairman of the Board. Also, George Zimmer served as the President of the Company (1974 to February 1997). He served as the Chief Executive Officer of the Company since 1991. George Zimmer appeared in several television commercials for the Company and used slogans.
Since 15th June 2011, George Zimmer is the director of Apollo Group Inc. Although he stepped down as the Chief Executive Officer, he continued to serve as the Executive Chairman of the Board.
George Zimmer was awarded the Mays Business School’s Kupfer Award.
Net Worth & Earnings:
The estimated net worth of George Zimmer is $220 million. Most of his fortune and fame comes as the CEO and Founder of the Company ‘The Men’s Wearhouse.’ Over thirty years, ‘The Men’s Wearhouse’ has spread across over 1200 stores across the US and Canada. During expansion, George Zimmer appeared in commercials.
George Zimmer supports research work on the therapeutic use of the empathogenic drug called MDMA used for ecstasy. Also, George Zimmer supports legalization of Cannabis. He has donated around $70,500 for supporting the Proposition 19 in California (2010).
Currently, George Zimmer is the Chairman, CEO, and Founder of ‘Generation Tux,’ an online store for renting a tuxedo and suits. This online store also makes on-demand tailoring for men and women.