|Celebrated Name:||Les Wexner|
|Real Name/Full Name:||Leslie Herbert Wexner|
|Age:||86 years old|
|Birth Date:||8 September 1937|
|Birth Place:||Dayton, Ohio|
|Wife/Spouse (Name):||Abigail S. Koppel,|
|Children/Kids (Son and Daughter):||Yes (Harry, Hannah, David, and Sarah)|
|Is Les Wexner Gay?:||No|
|Net Worth in 2023:||$5 billion|
|Last Updated:||December 2023|
Leslie Herbert Wexner, who was born 8 September 1937, is an American billionaire businessman, and founder and chairman emeritus of L Brands. After starting The Limited, He grew a business empire which entailed a clothing retailer with a limited selection of valuable items and later expanded his holdings to include Victoria’s Secret, Abercrombie and Fitch, Express, and Bath & Body Works. Since 2018, Wexner has been a political independent. Furthermore, he announced the sale of a majority stake in Victoria’s Secret to Sycamore Partners and resigned from being the CEO of L Brands in February 2020.
Maybe you know about Les Wexner very well, but do you know how old and tall is he and what is his net worth in 2023? If you do not know, we have prepared this article about details of Les Wexner’s short biography-wiki, career, professional life, personal life, today’s net worth, age, height, weight, and more facts. Well, if you’re ready, let’s start.
Early Life & Biography
On 8 September 1937, Leslie Wexner was born in Dayton, Ohio, to Bella and Harry Louis Wexner, who were both of Russian-Jewish origin. His father was born in Russia while his mother was born in the Williamsburg neighborhood of Brooklyn. Wexner has a younger sister, Susan.
Wexner attended high school in the wealthy enclave of Bexley and proceeded to Ohio State University. Although he had expressed an interest in architecture, he graduated with a major in business administration. Wexner served as a member of Sigma Alpha Mu fraternity While at Ohio State University.
On January 23, 1993, Wexner married Abigail S. Koppel, an attorney, in a ceremony at their home in New Albany, Ohio. The pair has four children: Harry, Hannah, David, and Sarah.
Wexner formerly lived in the Bexley area of Columbus, Ohio, before moving to New Albany, a community northeast of that city. Wexner has a 30-room, Georgian-inspired estate on nearly 336 acres, which were the location of the Annual New Albany Classic Invitational Grand Prix & Family Day for twenty years.
Age, Height, and Weight
Being born on 8 September 1937, Les Wexner is 86 years old as of today’s date 7th December 2023. His height is 1.7m tall, and his weight is 72 kg.
Wexner began his career as a retailer in his parents’ clothing store “Leslie’s.” His parents asked him to take care of the store after he left the law school as they went for a vacation. While on vacation, Wexner analyzed the profit and loss margins on the women’s clothing and found that although higher-priced clothing sold less frequently than blouses and was, therefore, less profitable as a line. It, however, did not change his father’s inventory.
His aunt, Ida, lent him $5,000 in 1963, from which was matched by a bank to start The Limited. On August 10, 1963, Wexner launched the first store in the Kingsdale Shopping Center in Upper Arlington, Ohio. Wexner’s parents closed their store and joined him in running The Limited a year later. In August 1964, he opened the second Limited store and took it public in 1969, on the NYSE.
Reportedly, A. Alfred Taubman mentored Wexner, from the mid-1960s, and partnered on many deals involving Taubman’s shopping malls over the years.
In the 1970s, Wexner expanded the Limited considerably having opened the 100th store in 1976 and took on considerable debt in 1978 to purchase the importer and manufacturer Mast Industries, which later was regarded to have provided him with essential business advantages over competitors.
In the 1980s, Wexner became known as a major retail owner at malls in America as he doubled his retail holdings by purchasing several companies.
In 1982, Wexner acquired the lingerie business Victoria’s Secret due to the unique, high-quality merchandise and Victorian-era decor of the shop, which featured red-velvet sofas. Later, Victoria’s Secret became extensively known for marketing its items with the use of supermodels known as “angels,” which were featured in an annual fashion show. Unfortunately, sales had declined by 2015 sales, and 2018 proved to be the final year for Victoria’s Secret fashion show.
Wexner, over the years, built a retailing and marketing conglomerate that included Victoria’s Secret, Pink, The White Barn Candle Company, Bath & Body Works, Henri Bendel, and La Senza.
In 2012, Wexner was described as the longest-serving CEO of a Fortune 500 company and was ranked #11 on Harvard Business Review’s Top 100 Best Performing CEOs of 2015, and #34 in 2016.
Awards & Achievements
As seen from his career Journey, Wexner must have performed and, therefore, appropriate for an award.
He was described as the longest-serving CEO of a Fortune 500 company, ranked #11 on Harvard Business Review’s Top 100 Best Performing CEOs of 2015, and #34 in 2016.
Net worth & Salary of Les Wexner in 2023
Wexner has derived most of his fortune from his stake in L Brands, formerly known as Limited Brands. According to the company’s 2019 proxy statement, he had more than 47 million shares directly, through trusts and a retirement account.
The value of his cash investments is based on an insider transaction, analysis of dividends, taxes, charitable giving, and market performance. From this, Wexner has an estimated net of $5 billion as of December 2023.
The life of Wexner has been an extraordinary one. It seems that he does not have an understanding of what it means to sleep without a bite. Wexner was born in a wealthy life with his parents, who had already established businesses. These gave him a higher advantage to start his career. Seeing he has reached the peak of his age, it is less probable that his worth will continue to increase.