Sidney J. Kimmel (born January 16, 1928) is an American businessman, philanthropist, and film producer known for his significant contributions to the fashion industry and philanthropy. Born in Philadelphia, Pennsylvania, into a modest Jewish family, Kimmel's early life was shaped by his father's work as a cab driver. Despite attending Temple University, he did not complete his degree, choosing instead to pursue entrepreneurial ventures that would eventually lead to his immense success.
Early Life and Career
Sidney Kimmel's journey began in Philadelphia, where he developed a strong work ethic and a keen business sense. In the 1960s, he co-founded the Jones Apparel Group, which grew to become a major player in the fashion industry. Under his leadership, the company acquired and managed several well-known brands, including Nine West, Jones New York, and Stuart Weitzman. Kimmel's strategic vision and ability to identify market trends helped transform Jones Apparel Group into a billion-dollar enterprise.
Business Achievements
Kimmel's most notable business achievement was the growth and eventual sale of the Jones Group. In 2014, he sold the company to a private equity firm for approximately $2.2 billion, marking a significant milestone in his career. This sale not only solidified his status as a billionaire but also allowed him to diversify his interests beyond the apparel industry.
In addition to his fashion ventures, Kimmel expanded into the entertainment industry by founding Sidney Kimmel Entertainment. This production company has been involved in producing critically acclaimed films such as "The Kite Runner," "Lars and the Real Girl," and "Hell or High Water." His involvement in film production reflects his passion for storytelling and the arts.
Philanthropy
Sidney Kimmel is equally renowned for his philanthropic efforts. He has donated hundreds of millions of dollars to various causes, with a particular focus on medical research, education, and the arts. One of his most significant contributions was a $110 million donation to Thomas Jefferson University in Philadelphia, which led to the naming of the Sidney Kimmel Medical College.
His philanthropy extends to cancer research, where he has supported numerous institutions and initiatives aimed at advancing treatments and finding cures. Kimmel's charitable work demonstrates his commitment to giving back to the community and making a lasting impact on society.
Personal Life
Sidney Kimmel is married to Caroline Davis, the former wife of Leonard Tose, a notable Philadelphia Eagles owner. The couple resides in California and has been known for their involvement in various social and cultural activities. They once owned the Malibu estate previously belonging to Johnny Carson, highlighting their affinity for privacy and luxury.
Legacy and Net Worth
As of 2025, Sidney Kimmel is recognized as one of the world's billionaires, with an estimated net worth of approximately $1.6 billion. His legacy is marked by his entrepreneurial spirit, his contributions to the fashion and entertainment industries, and his generous philanthropy.
Kimmel's story is a testament to the power of vision, hard work, and a commitment to making a difference. From humble beginnings to global success, he continues to inspire aspiring entrepreneurs and philanthropists alike.
Key Facts
- Born: January 16, 1928, Philadelphia, Pennsylvania, U.S.
- Education: Attended Temple University (did not graduate)
- Business: Founder of Jones Group (sold for $2.2 billion in 2014)
- Film Production: Sidney Kimmel Entertainment
- Philanthropy: $110 million donation to Thomas Jefferson University
- Residence: California
- Net Worth: Approx. $1.6 billion (2025)
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