Bloomberg Billionaires Index

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#237 Les Wexner $6.88B

Random fact: Bought Picasso's Nude on a Black Armchair for $42 million in 1999.


Wexner is founder and chairman of L Brands, the owner of more than 3,000 women's apparel and beauty stores. The Columbus, Ohio-based retailer has locations in the U.S., U.K., Canada and China, and reported revenue of $12.6 billion in the year to Feb. 3, 2018. Its stores includes Victoria's Secret, PINK and Bath & Body Works.

As of June 19, 2018:
Last change -$3.51M (-0.1%)
YTD change -$1.02B (-12.9%)
Industry Retail
Biggest asset Cash
Citizenship United States
Age 80
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Les Wexner's net worth of $6.88B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

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Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Wexner's fortune is derived from his stake in L Brands, the publicly traded retailer formerly known as Limited Brands. He controls more than 46 million shares directly, through trusts and a retirement account, according to the company's 2018 proxy statement. The amount includes 10 million shares he gave to his second wife, Abigail, as well as 2 million shares held in a trust for his four children that, according to a 2001 filing, is revocable. L Brands has more than 3,000 company-owned stores, according to its website.

Wexner has collected more than $3.5 billion in dividends and share sales through April 2018, based on an analysis of company filings and Bloomberg data. The value of his cash investments is based on these proceeds, as well as insider transactions, taxes, charitable giving and market performance.

Tammy Roberts Myers, a spokeswoman for Wexner, declined to comment on the billionaire's net worth.


Birthdate: 9/8/1937
Family: Married, 4 children
Education: 1959, Bachelor's Degree, Business Administration, Ohio State University/The

Leslie Wexner was born to Russian immigrants on Sept. 8, 1937 in Dayton, Ohio. They owned and ran Leslie's, a small shop in downtown Columbus. He graduated from Ohio State University in 1959, and served in the Air National Guard, according to a biography on the company's website. After that, he worked at the family's shop.

Wexner started Limited Brands in 1963 as a single store in the Kingsdale Shopping Center in Columbus. It had sales of $160,000 in its first year. The billionaire started the business as a specialty retailer focusing on apparel and has expanded it into a business with more than $10 billion in sales. The company, now known as L Brands, also sells lingerie and beauty products.

Wexner, who has committed $100 million to Ohio State University's medical center, has four children with his wife, Abigail.

  • 1937 Leslie H. Wexner is born in Dayton, Ohio.
  • 1959 Graduates from the Ohio State University with a bachelor's degree.
  • 1963 The Limited opens its first store in Kingsdale Mall in Columbus, Ohio.
  • 1969 Sells shares in an initial public offering at $7.25 a share.
  • 1982 Buys Victoria's Secret store and catalog for $1 million.
  • 1985 Acquires Lerner 798 stores and one Henri Bendel boutique.
  • 1990 First Bath & Body Works store opens in Boston.
  • 2011 Donates $100 million to the Ohio State University.