Doris Feigenbaum Net WorthReal Name: Doris Feigenbaum
Date of Birth: 1932
Place of Birth: New York City, New York
2017 Net Worth: $3.2 Billion
Profession: Co-founder of the Gap
Doris Feigenbaum Fisher, Doris Fisher Biography
Doris Feigenbaum Fisher was born in 1932. She is a graduate of Stanford University. She married Don Fisher and this pair of entrepreneurs decided to create their own brand of clothing after Don was unable to find a pair of jeans that fit him nicely. The couple worked hard to raise $63,000 in startup funds to open their first store, which, in 1969, sold only jeans and music. The first year alone saw the couple earn $2 million in profits.
Fisher worked at the family business as their merchandiser until 2003, and then continued to work on the board until 2009. She had 3 sons, Robert, William, and John, all of whom work for the business. She is still the main shareholder. Gap and its other stores, including Banana Republic, Athleta, and Old Navy, are now a $16.4 billion in net sales each year. Her youngest son, John, not only works for the business, but manages the family’s investment group, Pisces Inc.
Fisher is an avid art collector and owns more than 1,100 works of art by 185 artists. She is especially fond of 1960’s contemporary art and her collection includes works by Chuck Close, Gerhard Richter, Roy, Lichtenstein, and, of course, Andy Warhol. Her collection is currently on display at the expansion project at the San Francisco Museum of Modern Art, which is expected to be completed sometime in 2016.
Fisher is also passionate about education and is the co-founder of the Knowledge is Power Program (KIPP) Foundation, an organization that supports public charter schools. To date, Fisher has donated $120 million to the KIPP Charter School network as well as Teach For America Program since 2000. Fisher has retired from the family business, although two of her sons are still on the board of directors. She lives in San Francisco and has a current net worth of $3.2 billion.