Age, Biography and Wiki

Sidney Jacobson (businessman) was born on 1918, is a founder. Discover Sidney Jacobson (businessman)'s Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 87 years old?

Popular As N/A
Occupation businessman
Age 87 years old
Zodiac Sign
Born 1918
Birthday 1918
Birthplace N/A
Date of death June 21, 2005 (age 87)
Died Place N/A
Nationality

We recommend you to check the complete list of Famous People born on 1918. He is a member of famous founder with the age 87 years old group.

Sidney Jacobson (businessman) Height, Weight & Measurements

At 87 years old, Sidney Jacobson (businessman) height not available right now. We will update Sidney Jacobson (businessman)'s Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Sidney Jacobson (businessman)'s Wife?

His wife is Bernice Jacobson

Family
Parents Not Available
Wife Bernice Jacobson
Sibling Not Available
Children Mitchell Jacobson Marjorie Jacobson Gershwind

Sidney Jacobson (businessman) Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Sidney Jacobson (businessman) worth at the age of 87 years old? Sidney Jacobson (businessman)’s income source is mostly from being a successful founder. He is from . We have estimated Sidney Jacobson (businessman)'s net worth , money, salary, income, and assets.

Net Worth in 2023 $1 Million - $5 Million
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
House Not Available
Cars Not Available
Source of Income founder

Sidney Jacobson (businessman) Social Network

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Timeline

2005

Jacobson was married to Bernice Jacobson with whom he had two children: Marjorie Jacobson Gershwind and Mitchell Jacobson. The couple lived in Great Neck, New York and Palm Beach, Florida. They died together at their home on June 21, 2005 of carbon monoxide poisoning. Their funeral was held at Temple Beth-El in Great Neck.

1970

In 1970, Sid Tool purchased the cutting tool marketer, Manhattan Supply Company and changed the name of the company to MSC Industrial Direct, using the initials of Manhattan Supply. In 1978, MSC became one of the first distributors to launch a fully integrated Quality Assurance Department. In 1976, his son Mitchell, a lawyer, joined the company and was tasked with seeking out the best practices at other industrial suppliers to implement at MSC. In 1982, Mitchell replaced his father as president of the company. The company went public in 1995. MSC went on to become one of the largest industrial equipment distributors in the world with $1.87 billion in sales in 2010.

1955

After serving in the Army Air Force during World War II leaving the business first, in the hands of his brother (until he too was drafted) and then his sister while he was gone. He returned to a company with $36,000 in annual sales where he soon landed exclusive contracts with Grumman Corporation and Republic Aircraft. In 1955, he moved the company to Plainview, New York, closer to his home in Great Neck, New York. Sensing that he was overly reliant on the two aerospace companies (they were 90% of sales in the 1960s), he launched a catalog business to diversify his customer base. His colorful catalog (known as "The Big Book") combined with an expansive portfolio of lower cost imported tools purchased at a discount (Sid Tools was the first company in the industry to widely import foreign-manufactured tools) propelled catalog sales which soon exceeded the company's regular sales. After an inventory problem where he ran out of stock of a critical item, Jacobson invested heavily in computerized inventory management and order processing, the first to do so in the industry.

1941

Jacobson was born to a Jewish family in Brooklyn. At the age of 16, he took a job as a machinist and in 1941, he founded the Sid Tool Company in Little Italy, Manhattan with $1,000 of his own money and $3,000 borrowed from his mother. Sid Tool sold cutting tools to New York City machine shops.

1918

Sidney Jacobson (1918–2005) was an American businessman who founded industrial equipment distributor MSC Industrial Direct and pioneered the use of computerized inventory management and order processing.