Early Life
Sidney Kimmel was born in Philadelphia, Pennsylvania, in 1928, to a Jewish family. His father was a cab driver. He attended Temple University but did not graduate. His humble beginnings during the Great Depression shaped his ambition and generous spirit.
Rise to Success
Kimmel's career began in the garment industry. He founded the Jones Apparel Group in 1970, which became a leading designer and marketer of branded apparel. The company grew to include brands like Jones New York, Anne Klein, and Nine West. Kimmel served as CEO of Jones Apparel Group until 2002, remaining Chairman until the company was sold in 2014.
Key Business Strategies
Kimmel's success in the fashion industry was built on his ability to identify market trends and create well-priced clothing for working women. He expanded the Jones Apparel Group through acquisitions and licensing deals. After retiring from the fashion industry, he ventured into film production, establishing Sidney Kimmel Entertainment, which produced over 40 feature films, including 'The Kite Runner' and 'Hell or High Water'.
Philanthropy
Sidney Kimmel is a committed philanthropist, with an expressed goal of donating $1 billion. His philanthropic efforts have largely focused on healthcare, education, and the arts. The Sidney Kimmel Foundation, founded in 1993, has made significant contributions to cancer research and treatment centers. Kimmel has also supported educational and cultural institutions, including the Kimmel Center for the Performing Arts in Philadelphia. Kimmel has pledged to donate the majority of his wealth to charitable causes.
