LES WEXNER • Net Worth $6 Billion • House • Yacht • Private Jet • L Brands

Name:Les Wexner
Net Worth:$6 billion
Source of Wealth:L Brands
Born:September 8, 1937
Wife:Abigail S. Koppel
Children:Sarah Wexner, Hannah Wexner, David Wexner, Harry Wexner
Residence:New Albany, Ohio
Private Jet:Boeing 737 BBJ (N500LS)

Leslie Wexner: The Man Behind The Limited

Born in September 1937, Les Wexner parlayed his passion for retail into a successful clothing store, The Limited, when he was just in his twenties. Specializing in women’s sportswear, The Limited gained immense popularity, prompting Wexner to expand his brand to three stores within two years. Wexner is married to Abigail Koppel, and together they have four children – Sarah, Hannah, David, and Harry Wexner.

Key Takeaways

  • Leslie Wexner’s journey from a single clothing store to a global retail empire is a testament to his vision and entrepreneurial prowess.
  • Over the years, Wexner expanded his empire with strategic acquisitions like Victoria’s Secret and Abercrombie & Fitch.
  • His passion for art is evident in his world-class art collection and his establishment of the Wexner Center for the Arts.
  • With an estimated net worth of $6 billion, Wexner stands as the wealthiest man in Ohio.
  • He is the owner of the Limitless Yacht.
  • Wexner’s philanthropy is channeled through the Wexner Foundation, which works to foster leadership among Jewish professionals and volunteers in North America and public figures in Israel.

Birth of a Retail Empire: Limited Brands

Under Wexner’s astute guidance, The Limited grew beyond a simple clothing store. In 1969, to fund further expansion, Wexner took Limited Brands public. This company is known today as the well-respected L Brands.

Expanding Horizons: Victoria’s Secret and Beyond

Over the years, Wexner continued to broaden his retail empire with strategic acquisitions. He purchased the now globally recognized Victoria’s Secret in 1982 and Abercrombie & Fitch in 1988. The Limited brand was later sold to Sun Capital Partners in 2007, illustrating Wexner’s forward-thinking business strategies.

Wexner’s Esteemed Art Collection

Aside from his success in the retail industry, Wexner is also known for his impressive art collection, one of the world’s largest, featuring a $40 million Picasso painting among others. Further emphasizing his love for art, Wexner founded the Wexner Center for the Arts.

Les Wexner’s Staggering Net Worth

Wexner’s retail empire has amassed a fortune for him, leading to an estimated net worth of $6 billion, making him the richest man in Ohio.

Wexner’s Philanthropic Endeavors

Alongside his wife Abigail, Wexner is a renowned philanthropist. Their Wexner Foundation works diligently to nurture leadership skills among Jewish professionals and volunteers in North America and public leaders in Israel.

Les Wexner FAQ

What Contributed to Les Wexner’s Wealth?

Wexner’s wealth has been amassed through his successful retail ventures. His clothing store, The Limited, formed the bedrock of what would become a billion-dollar empire. L Brands, his current company, owns renowned brands such as Victoria’s Secret and Bath & Body Works, solidifying his place in the world of retail and fashion.

What is Leslie Wexner’s Net Worth?

Wexner’s entrepreneurial achievements in the retail industry have culminated in a staggering net worth of $6 billion. His assets include the L Brands company, a priceless art collection, a luxurious superyacht named Limitless, and a Boeing 737 private jet.

Where Does Leslie Wexner Reside?

Wexner and his wife Abigail reside in a lavish estate in New Albany, Ohio. This grandiose home is one of the most prominent residences in the region, reflecting Wexner’s success and status.

Abigail S Koppel

Abigail Koppel, the wife of business magnate Leslie Wexner, was born in 1962 and holds a law degree from a New York law school. In the 1990s, she worked as a practicing attorney. In 1993, at the age of 31, Abigail Koppel tied the knot with Lex Wexner, who is a successful American businessman and founder of L Brands. The couple has been married for over two decades and have four children together: Sarah, Hannah, David, and Harry.

Abigail Koppel and her family currently reside in Ohio, where Wexner’s company is headquartered. Known for her philanthropic efforts, Abigail has been actively involved in various charitable organizations over the years. She is particularly passionate about issues related to women and children’s health and has worked with several nonprofits that focus on these areas.

Apart from her charitable work, Abigail Koppel is also a dedicated mother and wife. Despite her husband’s high profile, she has largely stayed out of the public eye and prefers to keep her personal life private. However, her contributions to various causes and her commitment to her family are well-known and highly respected.

Sarah Wexner

Sarah Wexner is the daughter of Leslie Wexner, the founder and former CEO of L Brands, a retail company known for brands such as Victoria’s Secret and Bath & Body Works. While her father is known for his business acumen, Sarah has made a name for herself in a different field: art.

Born in 1998, Sarah Wexner grew up in Ohio and attended the Columbus School for Girls. After completing high school, she went on to study art history at Harvard University, where she earned her degree in 2008. She later received a Master’s degree in the same field from the Courtauld Institute of Art in London.

Today, Sarah Wexner is a rising star in the art world. She is the founder and director of the Sarah Wexner Gallery in Columbus, Ohio, which focuses on contemporary art. The gallery showcases works from emerging artists and aims to provide a platform for new voices in the art world.

In addition to her work with the gallery, Sarah is also actively involved in various art-related organizations. She serves on the board of the Wexner Center for the Arts, which is part of Ohio State University and was founded by her parents. The center is known for its innovative exhibitions and programming, and Sarah’s involvement has helped to shape its direction in recent years.

Despite her busy schedule, Sarah Wexner is known for her down-to-earth personality and commitment to her family. She has a close relationship with her father, who has been supportive of her artistic pursuits, and her siblings.

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Yacht Limitless Owner

Lesly and Abigail Wexner

Abigail S Koppel

Abigail Koppel

Watch this video!

Yacht Limitless

He is the owner of the Lurssen motor yacht Limitless. The yacht flies the US Flag.

Built by renowned German yacht builder, Lürssen, Limitless features design elements from the creative mind of Jon Bannenberg.

Equipped with two Caterpillar engines and featuring a combination of diesel and diesel-electric propulsion, the Limitless yacht can reach speeds up to 25 knots.

The interior spaces, crafted by the esteemed designer Francois Catroux, reflect an ethos of opulence and comfort, fitting for the yacht’s high-profile ownership.