Leslie Wexner Net WorthReal Name: Leslie Wexner
Date of Birth: 09/08/1937
Place of Birth: Dayton Ohio
2017 Net Worth: $7.3 Billion
Profession: Chairman and CEO of L Brands
Leslie Wexner Biography
Leslie Wexner was born in Dayton, Ohio, in 1937. He attended Ohio State University and majored in business administration. He grew up watching his father work long hours for little pay at the family’s general merchandise store and swore that he would never work or sell retail but after a brief stint at law school, Wexner quit to help his parents run their store in Columbus, Ohio. Wexner had an idea to sell young ladies fashionable clothing. In 1963 he borrowed $5,000 from an aunt to start his clothing store called The Limited. The store was so successful that after just one year, his parents sold their store and went to work for their son. The Limited Brands went public in 1969 on the New York Stock Exchange.
Wexner has had tremendous success adding numerous retail stores to his portfolio including Bath & Body Works, Victoria’s Secret, Pink by Victoria’s Secret, The White Barn Candle Company, Lane Bryant, Abercrombie & Fitch, Lerner New York, Tween Brands, Structure 9, and Aura Science. Although there have been allegations that Wexner uses slave labor both in the US and abroad, especially for the Victoria’s Secret line, he denies these allegations.
Wexner is an art lover and, in 1999, paid $42.1 million for the Picasso painting entitled Nude in Black Armchair. He later donated the painting to the Wexner Center for the Arts. He is reported to own numerous other Picasso paintings and is believed to have one the largest art collections in the world. Wexner still lives near Columbus, Ohio, in a 30 room, Georgian inspired mansion on almost 336 acres, which is valued at $47 million. Wexner, and his partners, including Arnold Schwarzenegger, developed a shopping village of Easton Town Center, which is known to locals simply as The Wexley. Wexner’s yacht, when it was constructed in 1997, was the largest privately owned yacht at 315 feet in length. Wexley guards its privacy and has never allowed pictures of the interior.