Sidney Kimmel | $1B+

Get in touch with Sidney Kimmel | Sidney Kimmel is the founder of Jones Apparel Group, a fashion empire he built into a global leader with brands like Nine West and Anne Klein. Beyond the garment industry, he is a prolific film producer and the force behind Sidney Kimmel Entertainment, having backed acclaimed projects such as Hell or High Water, United 93, and Crazy Rich Asians. Kimmel’s diverse business portfolio also includes a minority ownership stake in the Miami Heat. A dedicated philanthropist, he has donated hundreds of millions to cancer research and the arts, establishing major centers in Philadelphia and at Johns Hopkins. His career reflects a unique blend of retail dominance, cinematic vision, and a profound commitment to public service and professional sports.

Sidney Kimmel (born 1928) is an American billionaire businessman, philanthropist, and film producer best known for founding the Jones Apparel Group and for his transformative donations exceeding $1.3 billion to cancer research, medical education, and the performing arts.[1][2] Raised in Philadelphia during the Great Depression by a taxi driver father and a homemaker mother, Kimmel's early life instilled values of ambition and generosity that shaped his career and giving.[2] After brief attendance at Temple University and two tours of duty in the U.S. Army, Kimmel entered the garment industry as an inventory clerk and salesman in the 1950s, eventually becoming president and CEO of Villager in 1959.[3] In 1970, he founded Jones New York, targeting professional women with affordable apparel, which evolved into the publicly traded Jones Apparel Group—a global leader in branded clothing, footwear, and accessories with brands like Nine West and Stuart Weitzman.[4] He served as chairman and CEO until 2002, remaining chairman until selling the company for $2.2 billion in 2014, earning him the nickname the "Iron Man" of the apparel industry.[1][3] Transitioning to entertainment, Kimmel produced films in the 1980s such as Blame It on Rio and 9½ Weeks, and through his Sidney Kimmel Entertainment has backed over 40 projects, including United 93, Moneyball, and Crazy Rich Asians.[2] Kimmel's philanthropy, which began in earnest in 1991 and has since claimed over half his fortune, focuses on advancing medical innovation and cultural institutions in his hometown.[2] He provided $150 million to Johns Hopkins University, establishing the Sidney Kimmel Comprehensive Cancer Center, and donated $110 million to Thomas Jefferson University—the largest gift in its history—to name the Sidney Kimmel Medical College and fund the Sidney Kimmel Cancer Center there.[1][4] Additional commitments include $25 million to Memorial Sloan Kettering Cancer Center, the creation of the Kimmel Scholars Program, which from 1997 to 2017 awarded $200,000 each to nearly 300 early-career scientists, and serving as the lead donor for the Kimmel Center for the Performing Arts, which opened in 2002.[1][5] A signatory to the Giving Pledge since 2010, Kimmel married Caroline Kimmel in 1999, and together they continue to support initiatives in cardiovascular research and beyond; as of November 2025, his net worth stands at $1.6 billion.[3][2][4][6] Early life Childhood and family background Sidney Kimmel was born on January 16, 1928, in Philadelphia, Pennsylvania, during the early years of the Great Depression.[1][3] He grew up in a Jewish family of working-class origins in modest circumstances, initially in South Philadelphia before the family moved to West Philadelphia.[7][3] His father, originally a musician, transitioned to driving a cab to provide for the family amid widespread economic instability.[2] Kimmel's mother managed the household during these challenging times, contributing to the family's efforts to make ends meet. The pervasive poverty of the Depression era shaped Kimmel's formative years, instilling in him a resilient work ethic and unyielding ambition that would define his future endeavors.[2] These experiences in a humble environment underscored his roots in Philadelphia's working-class communities, free from the privileges of wealth or extensive familial support networks.[8] Military service and education Following his upbringing in a modest family in Philadelphia, Sidney Kimmel enlisted in the U.S. Army in the post-World War II era, serving two tours of duty during the late 1940s and early 1950s.[2][9] Upon completing his military obligations, Kimmel enrolled at Temple University in Philadelphia for a brief period but left without earning a degree, opting instead to join the workforce directly.[2][7][10] Business career Entry into the fashion industry Following his brief attendance at Temple University after serving two tours of duty in the U.S. Army, which instilled a strong sense of discipline that aided his career transition, Sidney Kimmel entered the garment industry in the late 1950s with entry-level positions in sales and operations.[2] His initial role was as an inventory clerk for a women's-wear manufacturer, where he managed stock and logistics, quickly advancing to a traveling salesman position that involved promoting apparel lines to retailers across the region.[3] These early experiences exposed him to the operational demands of the apparel sector and the preferences of female consumers seeking practical yet stylish clothing.[9] In 1959, Kimmel joined Villager, Inc., a Philadelphia-based sportswear company specializing in women's knitwear and casual attire, starting as a knitwear designer.[2] Over the next several years, he honed his instincts for style and design, focusing on versatile pieces that appealed to young professional women balancing work and everyday life, while also developing marketing strategies to position the brand effectively in competitive retail environments.[11] His work emphasized quality knits and coordinated outfits, drawing on direct feedback from sales teams and buyers to refine product lines that combined affordability with a polished aesthetic.[12] By the mid-1960s, Kimmel had risen through the ranks at Villager, supervising the knitwear division—its fastest-growing segment—and eventually becoming president and CEO around 1969.[10] This period allowed him to accumulate comprehensive industry knowledge in manufacturing, merchandising, and business operations, fostering a keen editorial eye for curating collections that anticipated market trends.[12] These experiences fueled his entrepreneurial ambitions by the late 1960s, as he sought greater autonomy to innovate in women's apparel beyond corporate constraints.[11] Founding and expansion of Jones Apparel Group In 1970, Sidney Kimmel founded the Jones Apparel division as a subsidiary of W.R. Grace & Co., where he served as president, initially focusing on producing affordable, designer-inspired clothing for young career women.[11] The division quickly launched the Jones New York brand, which emphasized tailored suits, dresses, and sportswear targeted at professional women entering the workforce, capitalizing on the growing demand for accessible fashion in the 1970s.[11] By 1975, Kimmel, along with partner Gerard Rubin, a Grace accountant, purchased the division from W.R. Grace for an undisclosed amount and incorporated it as Jones Apparel Group Inc. in Pennsylvania, with Kimmel assuming the roles of chairman and CEO.[11] Under his leadership, the company expanded its product lines and distribution through department stores, achieving sales exceeding $250 million by the mid-1980s via investments in manufacturing technology, such as computer-aided design systems introduced in 1981.[11] The company's growth accelerated in the 1990s through strategic acquisitions and licensing deals, diversifying into women's apparel, footwear, and accessories. Key moves included acquiring the Evan-Picone brand rights in 1993 for $20 million,[13] securing a license for Lauren by Ralph Lauren in 1996, and purchasing Sun Apparel Inc. for $217 million in 1998.[14] In 1999, Jones Apparel made its largest acquisition to date, buying Nine West Group for $1.4 billion, which strengthened its position in moderate-priced footwear and handbags.[15] Later expansions included a 55% stake in Stuart Weitzman Holdings LLC in 2010 for approximately $180 million in initial cash payments, enhancing its luxury footwear portfolio.[16] Kimmel's acquisition strategy focused on consolidating market share in women's moderate and better apparel segments, leading to revenue growth from $212 million in 1989 to $4.14 billion by 2000, with the company becoming a dominant player on the New York Stock Exchange after its initial public offering in 1991, which raised funds to eliminate debt by 1993.[11] By the early 2000s, annual revenues had surpassed $5 billion, reflecting Kimmel's emphasis on brand licensing and vertical integration.[17] Kimmel continued as chairman and CEO, guiding Jones Apparel Group—renamed The Jones Group in 2010—through market challenges until its divestment. In April 2014, the company was sold to private equity firm Sycamore Partners in a transaction valued at $1.2 billion in equity (approximately $2.2 billion including net debt), marking the end of Kimmel's direct involvement in the apparel business after over four decades of leadership.[4] This sale allowed Kimmel to fully transition away from active management, having built the firm into one of the leading marketers of women's apparel and footwear brands.[18] Entertainment career Establishment of Sidney Kimmel Entertainment Sidney Kimmel founded Sidney Kimmel Entertainment (SKE) in 2004 in Los Angeles, drawing on his substantial personal wealth accumulated from his apparel business to finance and produce independent films.[19][12] The company emerged as a vehicle for Kimmel's post-fashion industry pursuits, enabling selective investments in cinema without the constraints of major studio oversight.[20] Structured as a boutique production entity, SKE specialized in character-driven dramas, thrillers, and films positioned for awards recognition, prioritizing narrative depth over blockbuster spectacles.[21] Its business model centered on co-financing mid-budget projects, often in collaboration with established directors, while partnering with distributors to handle marketing and release.[22] Notable partnerships included financing Charlie Kaufman's directorial debut Synecdoche, New York (2008) and producing David Mackenzie's Hell or High Water (2016), exemplifying SKE's approach to supporting auteur-driven works with potential for critical acclaim.[23][24] SKE's activities began with initial productions in 2005 and evolved through strategic adaptations, including a 2008 reduction in output to focus on studio partnerships amid economic challenges.[21] In 2017, it merged with Hong Kong-based Ivanhoe Pictures to form SK Global Entertainment, expanding its scope to international co-productions while retaining a core emphasis on premium independent content.[20] The company remains active as of 2025, with SK Global executive producing documentaries such as Mountain Queen: The Summits of Lhakpa Sherpa (2024) and entering new partnerships, including an international sales pact with FilmNation in October 2025 and a drama series 'The Season' announced in March 2025, underscoring its continued commitment to diverse, impactful storytelling.[25][26][27][28] Filmography Sidney Kimmel Entertainment has produced and financed over 40 films and projects since 2005, encompassing dramas, comedies, thrillers, and documentaries, with Sidney Kimmel typically credited as executive producer or producer.[29][30][31] The following table presents a chronological overview of key feature films and documentaries associated with the company. Year Title Director Role 2005 Neverwas Reginald Hudlin Executive Producer 2005 Trust the Man David Horn Executive Producer 2005 Slow Burn Wayne Beach Executive Producer 2006 Alpha Dog Nick Cassavetes Executive Producer 2006 United 93 Paul Greengrass Executive Producer 2006 Copying Beethoven Agnieszka Holland Executive Producer 2006 Griffin & Phoenix Ed Stone Executive Producer 2007 Breach Billy Ray Executive Producer 2007 Death at a Funeral Frank Oz Executive Producer 2007 The Kite Runner Marc Forster Producer 2007 Lars and the Real Girl Craig Gillespie Executive Producer 2008 Charlie Bartlett Jon Poll Executive Producer 2008 Married Life Ira Sachs Executive Producer 2008 Synecdoche, New York Charlie Kaufman Producer 2009 The Great Buck Howard Sean McGinly Executive Producer 2009 Adventureland Greg Mottola Executive Producer 2009 Management Stephen Belber Executive Producer 2010 Death at a Funeral Neil LaBute Executive Producer 2011 The Lincoln Lawyer Brad Furman Executive Producer 2011 Moneyball Bennett Miller Executive Producer 2012 One for the Money Julie Anne Robinson Executive Producer 2013 The Place Beyond the Pines Derek Cianfrance Executive Producer 2013 Parker Taylor Hackford Executive Producer 2013 Stand Up Guys Fisher Stevens Executive Producer 2014 I, Frankenstein Stuart Beattie Executive Producer 2014 Walk of Shame Steven Brill Executive Producer 2015 The Age of Adaline Lee Toland Krieger Executive Producer 2016 Hell or High Water David Mackenzie Executive Producer 2017 The Book of Henry Colin Trevorrow Executive Producer 2017 Brad's Status Mike White Executive Producer 2018 Crazy Rich Asians Jon M. Chu Executive Producer 2023 God Is a Bullet Nick Cassavetes Executive Producer 2023 Anyone But You Will Gluck Executive Producer 2023 Catching Fire: The Story of Anita Pallenberg (documentary) Alexis Bloom Executive Producer 2024 Mountain Queen: The Summits of Lhakpa Sherpa (documentary) Lucy Walker Executive Producer Personal life Marriages and family Sidney Kimmel has maintained a high degree of privacy regarding his personal life, with limited public information available about his early life. In December 1999, Kimmel married Caroline Davis, a Philadelphia socialite and the former wife of Leonard Tose, owner of the Philadelphia Eagles; the ceremony took place at Kimmel's Palm Beach mansion with 240 guests.[32] This partnership has been described as enduring and supportive, with the couple celebrating over 25 years together by 2025 and never spending a night apart since their wedding.[33] Kimmel and Davis, who shares his Philadelphia roots, have no children, focusing instead on their joint philanthropic endeavors and public appearances at events supporting medical research and the arts.[34][35] The Kimmels have emphasized family privacy throughout their lives, with no publicly disclosed involvement of children or extended relatives in Kimmel's business or entertainment ventures.[1] Residences and later years In his later years, Sidney Kimmel has divided his time between residences on the East Coast and West Coast, reflecting his longstanding connections to New York City, Philadelphia—where he was born and built his business career—and California.[4] He maintained a primary home in New York City, including a full-floor condominium at the Ritz-Carlton Residences on Central Park South, which featured panoramic views of Central Park and spanned approximately 6,800 square feet; this property was listed for sale in 2018 and sold in 2021.[36] In California, Kimmel owned a beachfront estate in Malibu comprising multiple parcels, including a main house and adjacent lots, which he sold in 2019 for $40 million.[37] Following the 2014 sale of Jones Apparel Group, Kimmel entered semi-retirement, shifting away from daily business operations to a more low-profile lifestyle centered on travel, family, and strategic oversight of his philanthropic foundations.[4] At age 97 as of 2025, he has demonstrated notable longevity, remaining active in select entertainment and giving initiatives without reported major health challenges.[4] Kimmel continues to prioritize time with his wife, Caroline, whom he married in 1999, while supporting joint endeavors in philanthropy and occasional film production oversight.[2] Philanthropy Sidney Kimmel Foundation The Sidney Kimmel Foundation was established in 1993 by Sidney Kimmel, shortly after the significant public success of Jones Apparel Group, to serve as a structured vehicle for his philanthropic efforts.[38][39] This timing allowed Kimmel, leveraging his wealth from a prosperous business career, to channel resources systematically into charitable causes.[38] The foundation's mission centers on advancing health care, education, arts, culture, and Jewish causes, with a primary emphasis on initiatives in Philadelphia and broader national efforts.[40][41] It operates as a private foundation, with Kimmel as the primary donor and decision-maker, prioritizing strategic support that fosters innovation and long-term societal progress.[38][42] By 2025, the foundation had committed more than $850 million in total giving, reflecting its commitment to substantial, targeted philanthropy.[38] Its governance emphasizes high-impact and innovative grants over general aid, seeking to support promising opportunities that can leverage additional funding and create enduring change.[38][43] Medical research and health initiatives In 2014, Sidney Kimmel, through the Sidney Kimmel Foundation, donated $110 million to Thomas Jefferson University's Jefferson Medical College, the largest gift in the institution's history at the time, which led to its renaming as the Sidney Kimmel Medical College.[44] This endowment supported financial aid for students, faculty recruitment, research initiatives, and facility improvements to advance medical education and patient care.[45] Kimmel's commitment to cancer research is exemplified by his foundational $150 million donation in 2001 to Johns Hopkins University, which established and named the Sidney Kimmel Comprehensive Cancer Center, a leading NCI-designated facility focused on innovative treatments and clinical trials.[46] Complementing this, the Kimmel Scholars Program, launched by the foundation, has provided early-career funding to hundreds of promising young cancer investigators across major institutions, bridging critical gaps in research support and fostering breakthroughs in oncology since 1997.[5] Overall, Kimmel's philanthropy has directed nearly $600 million toward cancer research efforts nationwide since 1994, emphasizing translational studies and patient outcomes.[47] In July 2025, Kimmel and his wife, Caroline, contributed $28 million to Jefferson Health and Thomas Jefferson University to renovate the emergency department at Thomas Jefferson University Hospital and expand research capabilities in areas such as trauma care and diagnostics.[48] This gift, part of their cumulative support exceeding $150 million to the institutions over three decades, aims to enhance emergency services for underserved communities in Philadelphia while advancing clinical research.[49] Beyond these major endowments, Kimmel supported broader health initiatives, including patient care programs and awareness campaigns for chronic diseases through affiliations with organizations like the Jewish Federation of Greater Philadelphia, which channels funds to community health services in the region.[40] Arts, culture, and education support Sidney Kimmel has made substantial contributions to the performing arts through his philanthropy, most notably with a $30 million gift in the 1990s that helped establish the Kimmel Center for the Performing Arts in Philadelphia, which opened in 2001 as a premier venue for orchestras, theater, and cultural events.[50] This donation, the largest private contribution to the project, underscored his commitment to enhancing Philadelphia's cultural landscape by providing a state-of-the-art facility that hosts world-renowned performances and community programs.[51] Through the Sidney Kimmel Foundation, established in 1993, Kimmel has directed approximately $120 million toward arts and culture initiatives, focusing on institutions that preserve and promote artistic expression.[41] His support has extended to endowments for Jewish cultural organizations, including a $25 million gift to the Jewish Federation of Greater Philadelphia to bolster community programs and continuity efforts.[52] Additional endowments include $25 million to the National Museum of American Jewish History for exhibitions and preservation of Jewish heritage, and another $25 million to Perelman Jewish Day School to support educational and cultural programs in Jewish studies.[53][54] In the realm of education, Kimmel's giving has emphasized infrastructure and access at Philadelphia-area institutions, reflecting his brief attendance at Temple University earlier in life.[2] A landmark example is the $27.5 million gift from Sidney and Caroline Kimmel in April 2025 to Temple University, funding the Caroline Kimmel Pavilion for Arts and Communication as the new home for the Klein College of Media and Communication, the largest donation in the university's history.[55] This facility will advance media education, creative arts training, and interdisciplinary programs, building on Kimmel's longstanding ties to his Philadelphia roots. His broader educational efforts, channeled primarily through the foundation's Philadelphia-centric focus, have also included scholarships and facility enhancements at local institutions to foster opportunities in the arts and humanities.[38] Scientific research funding In 2012, Sidney Kimmel provided a $5.5 million grant through his foundation to the University of Missouri, establishing the Sidney Kimmel Institute for Nuclear Renaissance (SKINR) within the Department of Physics and Astronomy.[56] This initiative focused on fundamental research into low-energy nuclear reactions (LENR), often associated with cold fusion, aiming to uncover the origins of anomalous heat effects observed in materials like palladium deuteride under electrochemical or gas-loading conditions.[57] Despite widespread mainstream scientific skepticism toward LENR due to reproducibility challenges and historical controversies stemming from the 1989 Fleischmann-Pons announcement, Kimmel's funding sought to foster rigorous, unbiased investigations into potential breakthrough energy sources.[58] SKINR's experiments emphasized reproducible demonstrations of anomalous heat generation, achieving coefficients of performance (COP) up to 3000% in select electrochemical setups with specialized cathodes developed in collaboration with Italy's ENEA laboratory, though reproducibility hovered around 40%.[56] Additional studies explored neutron emissions, including scattering analyses in palladium-deuterium systems and emissions from thermally shocked titanium deuteride, to probe underlying nuclear mechanisms without preconceived models.[57] The institute integrated resources from Energetics Technologies, a company Kimmel had supported since 2001 for LENR research on anomalous heat in thin-film electrodes, enabling multidisciplinary teams to advance materials science applications.[59] Through the Sidney Kimmel Foundation's innovation pillar, Kimmel extended support beyond SKINR to broader nuclear and renewable energy studies, with cumulative investments in LENR-related efforts estimated at $10-15 million, including prior commitments to Energetics and subsequent SKINR operations.[60] This philanthropy highlighted Kimmel's commitment to high-risk, high-reward science, prioritizing empirical validation over conventional consensus to potentially unlock clean, abundant energy alternatives.

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