Name
Les Wexner
Les Wexner
New Albany, Ohio
Bachelor of Arts/Science, Ohio State University
United States
L Brands
8
retail, Self Made
$4,700,000,000
413
4
The Richest Person In Every State 2019
#413 Billionaires 2019
Les Wexner founded and runs L Brands, a global retail empire that includes Victoria's Secret and Bath & Body Works.One of America's longest-serving CEOs, 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.He has donated nearly a quarter of a billion dollars to institutions in the state, including Ohio State University's Wexner Medical Center.
The Victoria's Secret fashion show draws a larger audience than all other fashion shows in the world.Wexner collects Picasso paintings and vintage Ferraris, and has a 300-foot yacht, appropriately named Limitless.
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