Les Wexner is a prominent figure in the business world, known for his role as the founder and chairman emeritus of L Brands, which owns iconic brands like Victoria’s Secret and Bath & Body Works. In this article, we will delve into Les Wexner’s current whereabouts, his career, early life, family, and net worth.
Les Wexner’s Current Residence
Les Wexner currently resides in New Albany, Ohio, a community northeast of Columbus, with his wife, Abigail S. Koppel. Their home is a lavish estate, a Georgian-inspired mansion boasting 30 rooms and 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, it’s important to note that in February 2018, Abigail Wexner announced the end of the Annual New Albany Classic due to the increasing number of elite equestrian competitions. As of now, Les Wexner continues to enjoy his retirement as chairman emeritus of L Brands.
| 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 |
Jeffrey Epstein and Les Wexner
Jeffrey Epstein, a controversial figure, was hired by Les Wexner in the 1980s as his financial manager. Wexner, the founder of L Brands, had a close and long-standing relationship with Epstein that extended until 2007. Epstein was Wexner’s primary client and even operated 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.
Les Wexner’s Career
Les Wexner’s journey in the business world began when he worked in his parents’ clothing store, “Leslie’s.” He later founded The Limited in 1963, focusing on moderately priced merchandise. Over the years, Wexner expanded his retail empire, acquiring companies like Victoria’s Secret in 1982.
Wexner is particularly recognized for his transformation of 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. Despite his business success, Wexner’s association with Jeffrey Epstein and allegations of misconduct at L Brands have brought controversy to his career.
Les Wexner’s Net Worth
Les Wexner, an American entrepreneur, boasts a net worth of $6 billion. He founded The Limited in 1963 and expanded 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’s 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.
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.
Where is Les Wexner Now – FAQs
- Where does Les Wexner currently live? Les Wexner resides in New Albany, Ohio, with his wife, Abigail S. Koppel, in a luxurious estate built in 1990.
- When did Les Wexner get married? Les Wexner married Abigail S. Koppel on January 23, 1993, and the couple has four children.
- What is the notable feature of Les Wexner’s estate? Wexner’s estate is a Georgian-inspired mansion with 30 rooms, situated on nearly 336 acres of land.
- Why was the Annual New Albany Classic discontinued? Abigail Wexner announced the end of the Annual New Albany Classic in February 2018 due to the growing number of elite equestrian competitions.
- What is Les Wexner’s current role? Currently, Les Wexner is enjoying his retirement as the Chairman Emeritus of L Brands, after serving as CEO for 57 years.
