George Zimmer net worth

George Zimmer net worth

Net Worth: $150 Million

About George Zimmer

George Zimmer net worth

George Zimmer is regarded as one of the richest people in show business. It has been claimed that the current estimate of George Zimmer net worth reaches as high as 150 million dollars. In addition to his high net worth, George Zimmer is also known for his high annual salary, which reaches 450 thousand dollars. This sum of money has also added up a lot to the total size of George Zimmer net worth. George Zimmer has accumulated his wealth because of his successful involvement into being a retail entrepreneur. George Zimmer became famous when he established a popular clothing company called The Men’s Warehouse, where he is serving not only as a founder, but also as a CEO. This company is also known as the one that has added most of financial success to him, and in turn increased the overall amount of George Zimmer net worth.

In 1973, when he was living in Texas, George Zimmer came up with the idea to establish the mentioned company with some of his friends. In 30 years time, the company grew so big that it expanded its activities not only in the United States, but also in Canada. More than 1200 stores of The Men’s Warehouse have been founded.

When the company was expanding, George Zimmer was also appearing in all the TV commercials made for the company. Each of such commercials ended with George Zimmer saying the phrase: “You’re gonna love the way you look, I guarantee it.”

The entrepreneur was born in New York in 1948. He was studying economics at Washington University in St. Louis. Unfortunately, in 2013 the news hit the front pages of newspapers when the board of his company fired George Zimmer from working in The Men’s Warehouse and what is even more important is that the board did not give any clear explanation for firing him. In 2013 it was also known that 3.6 percent of the company’s shares still belong to George Zimmer. This amount of shares is worth approximately 66 million dollars. In 1997, George Zimmer owned more than 15 percent of the company, thus, his managing power there decreased with years. Nevertheless, the company has added up a lot to the total size of George Zimmer net worth.

George Zimmer has been married two times. George Zimmer’s latest relationship last for more than 15 years already. Together with his wife and their two kids, they are living in California.

Now you have an idea why George Zimmer net worth is this huge

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