Crazy Rich Asians Producer Lists Homes On Both Coasts For More Than $100 Million

By on January 13, 2019 in ArticlesBillionaire News

Sidney Kimmel is a billionaire movie producer, businessman, and philanthropist. His dad was a cab driver in West Philadelphia ("born and raised on the playground is where I spent most of my days…") Most recently he produced the blockbuster film Crazy Rich Asians. Now, he has put two of his homes in Malibu and New York City on the market for more than $100 million.

Kimmel grew up in Philadelphia and attended Temple University for a short time but dropped out to work. He founded Jones New York (now known as Nine West Holdings) in 1970. His company controlled Nine West, Anne Klein, Stuart Weitzman, Joan & David, Gloria Vanderbilt, and Barneys New York, as well as had a licensing deal with Ralph Lauren. He took the company public in 1991. He sold it in 2014 for $2.2 billion. He has also been a movie producer for decades with more than 55 titles to his credit. Films he has produced include The Kite Runner, United 93, and The Age of Adeline, to name just a few.

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Kimmel has listed his Malibu estate for $65 million and his New York City apartment for $39 million. The Malibu property has been on the market since 2017 when it was listed for $80 million. It was reduced to $65 million in August. The 7,000 square foot ocean front home was built in 1978. It was owned by Johnny Carson for decades. Kimmel bought it from Carson's widow in 2007 for $45 million.

The New York City property is an entire floor at the Ritz-Carlton Residences on Central Park South. The apartment is 8,000 square feet and has a master bedroom that is 2,000 square feet all by itself. The unit has epic views of Central Park.

He is a major philanthropist with a focus on  healthcare, education, arts and culture. His goal is to donate $1 billion in total throughout his lifetime. He funded the building of Philadelphia's Kimmel Center for Performing Arts. In 2014, his $110 million donation to Jefferson Medical College got it renamed the Sidney Kimmel Medical College of Thomas Jefferson University.

Kimmel, 90, grew up during the Great Depression.

Articles Written by Amy Lamare
Amy Lamare is a Los Angeles based writer covering business, technology, entertainment, philanthropy, and pop culture. She spent 8 1/2 years covering the entertainment industry for www.hsx.com. She has written for Los Angeles Magazine, Your Tango, Thinknum Media, and various airline magazines. Follow her on Facebook. Amy's favorite self-made billionaire is Sara Blakely.
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