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#380 Billionaire

Les Wexner & family

Les Wexner & family
$8.8B
+$155M (+1.8%)
US · Age 88
Source of wealth: Retail
Industry: fashion-retail
Residence: New Albany, US
{ "bio": [ "Les Wexner founded L Brands, a global retail empire that included Victoria's Secret and Bath & Body Works, and served as CEO for more than 5 decades.", "Wexner announced in 2020 that he would step down and sell a majority stake in Victoria's Secret for $525 million to a private equity firm.", "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.", "His ex-confidant and financial manager Jeffrey Epstein was accused of sex trafficking. In 2019, Wexner said the late Epstein stole funds from him.", "Wexner bought Victoria's Secret for $1 million in 1982, when it was just a small, failing chain of lingerie shops in San Francisco." ], "about": [ "Wexner collects Picasso paintings and vintage Ferraris, and has a 300-foot yacht, appropriately named Limitless.", "Wexner has donated nearly a quarter of a billion dollars to institutions in Ohio, including Ohio State University's Wexner Medical Center." ] }

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