George Zimmer

George Zimmer is a well-known American businessman who has amassed a fortune in the millions of dollars. He is best known for founding Men’s Wearhouse, a men’s clothing retail chain. It has over 1200 sites in the United States and Canada. Moores, Men’s Wearhouse, and K&G Superstores are the brands that run the stores. He founded the business in 1973 and served as its CEO and Chairman until 2013 when he was fired from his firm.

Well, how well do you know about George Zimmer? If not much, we have compiled all you need to know about George Zimmer’s net worth in 2021, his age, height, weight, wife, kids, biography and complete details about his life. Well, if you’re all set, here is what we know about George Zimmer to date.

Biography and Early Life

In the city of New York, he was born on November 21, 1948. His father was a suitmaker and he came from a Jewish background.

Age, Height, Weight & Body Measurement

So, how old is George Zimmer in 2021 and what is his height and weight? Well, George Zimmer’s age is 72 years old as of today’s date 2nd August 2021 having been born on 21 November 1948. Though, he is 6′ 0″ in feet and inches and 183 cm in Centimetres tall, he weighs about 171 lbs in Pound and 78kg in Kilograms.

Education

In Scarsdale, New York, he attended school. After that, he went on to Washington University in St. Louis, where he joined the Phi Chapter of the prestigious Sigma Alpha Mu school, also known as the “Sammy.” He earned a B.A. in Economics in 1970 and worked as a teacher for a while after that.

Personal Life: Dating, Girlfriends, Wife, Kids

Zimmer is a married man who has had two marriages. He and his current wife have been married for 15 years. The couple lives in Piedmont, California, with their two children.

Is George Zimmer Gay?

He is a married man to a beautiful wife and two great children and is always there for them in every way possible. So all I can conclude is that he is straight and not gay.

Professional Career

Men’s Wearhouse was founded by Zimmer in 1973, and the first store was located in Houston. He later appeared in a number of advertisements for the company. The advertising concluded with the slogan, “I guarantee you’ll like the way you look.” The company made $2.48 billion in revenue in the fiscal year that ended in February 2013, the year he was fired.

The shares sold for $38 on June 19, the day he was fired, making his shares worth $68 million. Responding to media demands for more information following its terse initial statement, the organization issued a comprehensive clarification of its conduct on June 25, 2013.

According to the statement, Zimmer insisted on complete ownership of the public business. “We made substantial efforts in our discussions with Mr. Zimmer to find a compromise that would have enabled him to continue to be involved with Men’s Wearhouse in a significant way.

Unfortunately, Mr. Zimmer refused to consider anything less than complete ownership of the company, leaving the board with no choice but to remove him as Executive Chairman.”Neither the Board nor management wanted a complete breakdown of Mr. Zimmer’s relationship with the group.”

In addition, the organization declined to provide any information to the press. Zimmer demanded complete management of the business and nothing less, according to the company. He regretted that the company he built and nurtured for more than 40 years was heading in another direction and refused to heed his concerns. Zimmer now holds 1.8 million shares or 3.5 percent of the company’s portfolio.

He then embarked on his next business venture. Zimmer founded the company zTailors in June 2015. Zimmer is represented by the letter Z. zTailors was designed to be similar to Uber in that it provided on-demand tailoring services by tapping the smartphone. Zimmer became his company’s Chairman and CEO. Zimmer formed a new company, Generation Tux, in September 2015. It was a one-of-a-kind and forward-thinking clothing rental company that rented out high-end, luxury clothing. Both of these businesses are doing quite well in their respective markets.

Awards

Except for the Kupfer Award from Mays Business School, there is no mention of Zimmer receiving any significant awards. Zimmer, on the other hand, has gained a lot of respect in the industry. He took part in philanthropic work and was especially interested in cancer causes, as his mother died from it.

Net Worth, Salary & Earnings of George Zimmer in 2021

Zimmer remains a sizable stake in Men’s Wearhouse, valued at more than $80 million. In 2013, he also sold $80 million worth of shares. He was said to have sold his ocean-front estate on Hawaii’s Big Island for more than $35 million in 2015. His net worth is expected to reach $230 million as of 2021.

Zimmer’s approach to work is no less unorthodox. His leadership abilities are regarded as legendary. Many people say he has a strategic advantage over others because of his unorthodox management style. He was one of the first well-known business leaders to acknowledge the importance of the moral quotient in management. He was the person to bring his company Deepak Chopra, the spiritual master, on the board.

Zimmer is still an enigma in the corporate world. He sponsored a range of campaigns aimed at promoting cancer research and easing the misery of cancer patients. In this regard, he advocated the legalization of cannabis and MDMA use, as well as contributing nearly half a million dollars to these causes. Some find Zimmer’s corporate management style unusual, such as the company’s June 2004 appointment of spiritual guru Deepak Chopra to its board of directors, while others see it as cutting-edge.