Where is Les Wexner Now? Who is Les Wexner?
by Jayasree D | Updated Jan 08, 2024
Where is Les Wexner Now?
Les Wexner currently resides in New Albany, a community northeast of Columbus, Ohio, with his wife, Abigail S. Koppel, whom he married on January 23, 1993. The couple has four children. Wexner lives in a lavish estate, a Georgian-inspired mansion with 30 rooms, situated on nearly 336 acres of land. This estate, built in 1990, has been the location of the Annual New Albany Classic Invitational Grand Prix & Family Day, an equestrian show benefiting The Center for Family Safety and Healing.
However, in February 2018, Abigail Wexner announced the end of the event due to the increasing number of elite equestrian competitions. As of now, Les Wexner continues to reside in New Albany, Ohio, enjoying his retirement as chairman emeritus of L Brands.
Jeffrey Epstein And Les Wexner
Jeffrey Epstein was hired by American billionaire businessman Les Wexner in the 1980s as his financial manager. Wexner, the founder of L Brands and owner of brands like Victoria's Secret, had a close relationship with Epstein that extended until 2007. Epstein was Wexner's primary client and managed his finances, even operating his business from a house owned by Wexner.
Despite accusations of Epstein abusing his power and posing as a recruiter for Victoria's Secret models, Wexner continued the association until cutting ties in 2007. Epstein faced legal issues, including charges of molestation and unlawful sexual activity with a minor in 2006. In 2019, Wexner publicly acknowledged that Epstein had misappropriated significant sums of money from him and his family. The association between Wexner and Epstein has been a subject of controversy and legal scrutiny.
Who is Les Wexner?
Les Wexner is an American billionaire businessman. He is the founder and chairman emeritus of Bath & Body Works, Inc. (formerly Limited Brands), known for iconic brands like The Limited and Victoria's Secret. Starting his career in his parents' clothing store, Wexner opened The Limited in 1963, focusing on moderately priced merchandise. Over the years, he expanded his retail empire, acquiring companies like Victoria's Secret in 1982.
Wexner is recognized for transforming Victoria's Secret into a global brand. He served as the CEO of L Brands for a remarkable 57 years before transitioning to chairman emeritus in 2020. Wexner's association with Jeffrey Epstein, whom he hired as a financial manager in the 1980s, has been a subject of controversy. Apart from his business success, Wexner is also involved in philanthropy and has made significant contributions to various causes.
Full Name
Leslie Herbert Wexner
Date of Birth
September 8, 1937
Birthplace
Dayton, Ohio, U.S.
Current Age
86 years old (as of 2023)
Alma Mater
Ohio State University
(Graduated in 1959 with a major in business administration)
Occupation
Businessman
Marital Status
Married to Abigail S. Koppel since 1993
Children
Four
Les Wexner Age
Les Wexner is currently 86 years old. Born on September 8, 1937, in Dayton, Ohio, he has reached the age of 86 as of now. Wexner is a prominent American businessman known for his role as the chairman emeritus of L Brands, particularly for his significant contribution to the expansion of Victoria's Secret. He attended Ohio State University, graduating in 1959, and has been associated with various business ventures throughout his career.
Notably, Wexner was a member of the Republican Party before 2018 but has been independent since that year. Married to Abigail S. Koppel since 1993, Wexner has four children. Currently he is 86 years old.
Les Wexner's Early Life
Les Wexner was born in Dayton, Ohio, USA. His parents were Bella and Harry Louis Wexner, both of Russian-Jewish origin. Les attended Bexley High School and later enrolled at Ohio State University, graduating in 1959 with a major in business administration.
Although initially interested in architecture, he shifted his focus to business. During his early retail career, Wexner worked in his parents' clothing store, "Leslie's," and after briefly considering law school, he opened his store, The Limited, in 1963.
The store's success marked the beginning of Wexner's business empire. His analytical approach to sales and inventory management played a crucial role in his early entrepreneurial journey, leading to the growth and expansion of The Limited and later acquisitions of major retail brands.
Les Wexner Career
Les Wexner began his career working in his parents' clothing store, "Leslie's," and later founded The Limited in 1963. The store's focus on moderately priced, quickly turning merchandise became a successful retail model. Wexner took The Limited public in 1969 and expanded his holdings, acquiring companies like Victoria's Secret in 1982, and transforming it into a billion-dollar brand. In the 1980s, he doubled his retail holdings, becoming a major owner in American malls. Wexner's retail and marketing conglomerate included brands like Bath & Body Works, Henri Bendel, and more.
Over the years, he spun off brands like Lane Bryant and Abercrombie & Fitch. Wexner served as the CEO of L Brands for 57 years and was recognized for his long tenure on the Fortune 500. In 2020, he transitioned to chairman emeritus. Despite his business success, Wexner's association with Jeffrey Epstein and allegations of a culture of misconduct at L Brands have brought controversy to his career.
Les Wexner's Net worth
Leslie Wexner, an American entrepreneur, boasts a net worth of $6 billion. He founded The Limited in 1963, expanding his business empire to include renowned brands such as Victoria's Secret, Bath & Body Works, and Abercrombie & Fitch. Wexner's success in transforming Victoria's Secret into a billion-dollar brand is notable. However, his association with Jeffrey Epstein, hired as his financial manager in the 1980s, led to reputational damage due to Epstein's legal troubles.
Despite controversies, Wexner has been actively involved in philanthropy, including significant contributions like establishing the Wexner Center for the Arts at Ohio State University. His personal life includes marriage to Abigail S. Koppel, and he resides in a luxurious estate in New Albany, Ohio
Les Wexner Family
Les Wexner is married to Abigail S. Koppel, and they tied the knot on January 23, 1993. The couple has four children together. Wexner's parents were Bella and Harry Louis Wexner, both of Russian-Jewish origin. He has a younger sister named Susan. Wexner's family background includes his father being born in Russia, and his mother, a first-generation American, was born in the Williamsburg neighborhood of Brooklyn and later moved to Columbus, Ohio.
The family originally owned a clothing store named "Leslie's," which played a role in Wexner's early exposure to the retail business. Together with his wife and children, Les Wexner has been a part of various philanthropic initiatives and has made significant contributions to causes such as the Wexner Center for the Arts at Ohio State University.
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Where is Les Wexner Now- FAQs
Les Wexner resides in New Albany, Ohio, with his wife, Abigail S. Koppel, in a luxurious estate built in 1990.
Les Wexner married Abigail S. Koppel on January 23, 1993, and the couple has four children.
Wexner's estate is a Georgian-inspired mansion with 30 rooms, situated on nearly 336 acres of land.
Abigail Wexner announced the end of the Annual New Albany Classic in February 2018 due to the growing number of elite equestrian competitions.
Currently, Les Wexner is enjoying his retirement as the Chairman Emeritus of L Brands, after serving as CEO for 57 years.