Les Wexner & family Net Worth

$6 Billion         |         Rank #438

Who is Les Wexner & family

Wexner announced in February 2020 that he would step down and sell a majority stake in Victoria’s Secret for $525 million to a private equity firm.
In late April, Sycamore Partners said it wanted to back out of the deal. L Brands initially sued but agreed to terminate the deal in May.
His ex-confidant and financial manager Jeffrey Epstein was accused of sex trafficking; in mid 2019 Wexner said the late Epstein took funds from him.
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. Coming from an average or middle class family, Les Wexner & family is one those great persons who have stormed their way to the billionaires list on their own. And currently ranks at 438 on billionaires list making him one of the wealthiest ever persons on the planet. He is currently 84.0 years old. As of today, Les Wexner & family’s net worth is approximately 6 Billion.

Facts about Les Wexner & family

Net Worth: 6 Billion
Billionaire Rank: 438
Age: 84.0
Date of Birth: 08-09-37
Gender: Male
Currently Living in: New Albany, Ohio, United States
Birth Place: United States
Source of Wealth: retail
Job Chairman and CEO at L Brands

To find out what is Les Wexner & family Net Worth, how he got there and what is Les Wexner & family Salary Per Day, Career, Biography and Childhood details, continue reading below.

Background of Les Wexner & family

Les Wexner & family was born on 08-09-37 in United States. He has donated nearly a quarter of a billion dollars to institutions in the state, including Ohio State University’s Wexner Medical Center. Wexner collects Picasso paintings and vintage Ferraris, and has a 300-foot yacht, appropriately named Limitless. Being raised in the same country, Les Wexner & family spent most of his time in Ohio in the city of New Albany.

Les Wexner & family net worth is estimated at 6 Billion Billion to date.

 

Les Wexner & family retail
Les Wexner & family Net Worth

Professional Journey

Les Wexner & family is currently working as Chairman and CEO at the world famous L Brands. You will see him often in social media.  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. There was a time when he would have embraced the change that was coming.  He is one of the persons who are always trending in news. He has donated nearly a quarter of a billion dollars to institutions in the state, including Ohio State University’s Wexner Medical Center. In his youth, he was adventurous but unknown, but that was years ago. Wexner announced in February 2020 that he would step down and sell a majority stake in Victoria’s Secret for $525 million to a private equity firm.
In late April, Sycamore Partners said it wanted to back out of the deal. L Brands initially sued but agreed to terminate the deal in May.
His ex-confidant and financial manager Jeffrey Epstein was accused of sex trafficking; in mid 2019 Wexner said the late Epstein took funds from him.
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. He learnt to find the excitement that came with change. That curiosity had long left him to where he had come to loathe anything that put him out of his comfort zone. 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.
It is to be noted that Les Wexner & family is one of the selfmade billionaires in the world and stands at 438 in most wealthy persons in the world.

FAQs

Here are a few most frequently asked questions about Les Wexner & family:

How much is Les Wexner & family worth?

Les Wexner & family’s net worth is estimated to be 6 Billion.

How old is Les Wexner & family?

Les Wexner & family was born on 08-09-37, and is currently 84.0 years old.

What is Les Wexner & family source of income?

Les Wexner & family acquires most part of his wealth from retail.
 

Concluding Les Wexner & family Net Worth

Currently with a net worth of 6 Billion, Les Wexner & family stands at 438 in the world billionaires list. And draws most of his wealth from retail. Hope you like this information about Les Wexner & family. If you like this, then please share it with your friends. This above post is all about the estimated worth of Les Wexner & family. Do you have any queries? Feel free to ask via comment section.

 

Disclaimer: Please keep in mind that this is an estimated net worth of Les Wexner & family. Actual worth may vary a little. You can always get information by checking out Leaktown.com.