Les Wexner

About Les Wexner

Who is it?: Chairman and CEO, L Brands
Birth Day: September 08, 1937
Birth Place: New Albany, Ohio, United States
Birth Sign: Libra
Residence: New Albany, Ohio, US
Alma mater: Ohio State University
Occupation: Chairman and CEO of L Brands
Spouse(s): Abigail Koppel
Children: Harry Wexner Hannah Wexner David Wexner Sarah Wexner
Parent(s): Bella Cabakoff Wexner Harry Wexner

Les Wexner Net Worth

Les Wexner was bornon September 08, 1937 in New Albany, Ohio, United States, is Chairman and CEO, L Brands. Les Wexner founded and runs L Brands, a global retail empire that includes Victoria's Secret and Bath & Body Works. He has served as the company's CEO since founding the business more than five decades ago. Wexner got his start in 1963, when he used a $5,000 loan from his aunt to open The Limited, which sold only fast-moving items like shirts and pants. He bought Victoria's Secret for $1 million in 1982, when it was just a small, failing chain of lingerie shops in San Francisco. Today L Brands sells more than $12 billion worth of lingerie, soaps and candles annually across more than 3,000 stores around the world.
Les Wexner is a member of Fashion and Retail

💰 Net worth: $5.6 Billion (Updated at 22 June 2018)

2009 $2 Billion
2010 $2.9 Billion
2011 $3.8 Billion
2012 $4.4 Billion
2013 $5.7 Billion
2014 $6.2 Billion
2015 $7.6 Billion
2016 $6.9 Billion
2017 $6.4 Billion
2018 $5.91 Billion

Some Les Wexner images

Famous Quotes:

If you start painting yourself into a corner, life starts shutting down. There is always hopefully a next.

Biography/Timeline

1963

In 1963, Wexner was loaned $5,000 from his aunt to start The Limited (so named because the store focused on a limited amount of merchandise that turned over quickly and had a higher profit margin, unlike his parent's store).

1969

The Limited opened its first store in the Kingsdale Shopping Center in Upper Arlington. Wexner's parents closed their store one year later and joined their son at The Limited. Wexner took Limited Brands public in 1969, listed as LTD on the NYSE. Wexner is the longest serving CEO of a Fortune 500 company. Wexner was ranked #11 on Harvard Business Review’s Top 100 Best Performing CEOs of 2015, and #34 in 2016.

1984

In 1984, he established the Wexner Foundation whose goal is to strengthen the field of Jewish leadership. The foundation runs three major programs: the Wexner Heritage Program for North American Jewish volunteers; the Graduate Fellowship for students pursuing a master's degree in the rabbinate, cantorate, or Jewish studies; and an Israel Fellowship which funds Israeli public officials for a master's degree in public administration from Harvard University's John F. Kennedy School of Government.

1988

Wexner was appointed to the board of trustees of Ohio State University and served from 1988 to 1997. In December 2005, Wexner was appointed to his second term and was elected chairman in 2009. Spring 2012 marked the end of Wexner's chairmanship and the announcement that he was stepping down later in the year, eight years before his appointment would have ended.

1989

In 1989, Wexner and his mother Bella were the first to make a $1 million personal donation to the United Way. Both their names were inscribed in marble, and are on display in the lobby of the United Way Headquarters in Alexandria, Virginia.

1990

Formerly of the Bexley area of Columbus, Ohio, Wexner now lives in New Albany, a community just north east of that city. He owns a 30-room, $47 million, Georgian inspired estate, on nearly 336 acres (4 km²) in Ohio built in 1990. The estate, was, for twenty years, the location of the Annual New Albany classic Invitational Grand Prix & Family Day benefiting The Center for Family Safety and Healing. Abigail Wexner announced the end of the event, citing the growing number of elite Equestrian competitions, in February 2018. The Classic consistently draws the top professional show jumping riders because of its well maintained and elaborate jumping course.

1993

On January 23, 1993, Wexner, then 55 years of age, married Abigail S. Koppel, 31, a Lawyer, in a Jewish ceremony at their home in New Albany, Ohio. They have four children: Harry, Hannah, David, and Sarah.

1997

At the time of its construction in 1997, Wexner's Limitless was the largest American-owned private yacht, measuring 315 feet and 8 inches (96.25 meters) long and 41 feet (12.50 meters) wide. Few authorized images exist, but photographs of the yacht's interior appear in an October 2016 retrospective of the career of the yacht's interior designer, François Catroux, written by David Netto and published by Rizzoli. The Limitless is one of the largest privately owned yachts in use.

2004

On May 11, 2004, Wexner received the Woodrow Wilson Award for Corporate Citizenship at a dinner in Columbus, Ohio. The award was presented by the Woodrow Wilson International Center for Scholars of the Smithsonian Institution in Washington, DC. Wexner was honored because of his commitment to the public good.

2008

President George W. Bush appointed Wexner to serve on the Honorary Delegation to accompany him to Jerusalem for the celebration of the 60th anniversary of the State of Israel in May 2008.

2010

Wexner was inducted as an honorary member into the 104th Class of SPHINX Senior Class Honorary at The Ohio State University on May 7, 2010.

2011

On February 16, 2011, Wexner pledged a donation of $100 million to Ohio State, which will be allocated to the University's academic Medical Center and James Cancer Hospital and Solove Research Institute, with additional gifts to the Wexner Center for the Arts and other areas. This latest gift is the largest in the University's history.

2012

Wexner hosted a fundraiser for Mitt Romney in 2012. Wexner donated $250,000 to Restore Our Future, Romney's Super PAC. In 2015, Wexner donated $500,000 to the Right to Rise USA Super-Pac which supported the 2016 presidential campaign of Jeb Bush.

2013

On December 11, 2013, Wexner was awarded the Women's Wear Daily Beauty Inc Visionary award.

2018

As a pun on his name and his former residence in Bexley, the village of New Albany was known (unofficially) for some time as Wexley. Today, this Georgian-themed village inspires comparison to 18th century developments by wealthy aristocrats in England.