Wexner is an iconic retail businessman in America. He built the most famous brands in America, such as Express, Limited Too, Lane Bryant, and Abercrombie & Fitch.
In 1982, he bought the then-nearly bankrupt label, Victoria’s Secret for $1 million. He was successful in turning the label around on its feet. Currently, VS has around 1,000 retail stores in America and is fast expanding abroad with stores in England, Asia, and the Middle East.
Wexner Family Profile
We will now look at the family tree of the illustrious Wexner family.
Wexner Parents – Bella and Harry Wexner
Wexner’s parents were Jewish immigrants from Russia. They ran a general merchandise shop in Columbus, Ohio. Initially, Wexner did not want to enter the field of retail because he saw his father earn very little as compared to the number of hours he put into work.
After an argument with his father, he opened his own shop at Kingsdale Shopping Center, Upper Arlington and called it The Limited because it only sold clothing for young women. His parents closed their store and joined him in the business after a year. After 6 years, the company went public and its shares were sold at $7.25 each.
Leslie Wexner Siblings
It is not known whether Wexner had any siblings.
Leslie Wexner Spouse – Abigail S. Koppel (Current)
Name – Abigail S. Koppel
Born – 1962
Wexner married Abigail on December 20, 1993 when she was 31 years old and he was 55. Before marriage, she worked as a lawyer. Her father is Yehuda Koppel and her mother is Zipora Goldman. She has two brothers – Dan and Gil Koppel. She finished high school at Dwight School, Manhattan, New York. She completed her BA from Barnard College and she studied law at New York University.
Since 1997, Abigail served as a Member of the Board of Limited Brands, which is owned by Wexner. From 1987 to 1992, she worked as an associate at Davis Polk & Wardwell. Other institutions with which she is affiliated are:
- Phi Beta Kappa Society
- Pioneer PAC
- Friends of John Boehner
- The Leadership Circle PAC
- Cantor for Congress
- National Republican Congressional Committee
She is also a trustee of the Children’s Hospital at Columbus.
Children of Leslie Wexner and Abigail S. Koppel
Wexner and Abigail have 4 children.
Wexner Family Net Worth
Wexner is considered to be worth $6.5 Billion, as of October 2014. His estate, inspired by the Georgian era, is worth $47 Million and has 30 rooms. He also owns a yacht called The Limitless, which was the biggest privately-owned American yacht until 1997.
Wexner is the 86th Richest Man in the United States of America. He ranks #244 on the Forbes’ billionaires list. He gave $250,000 to Romney’s Super Political Action Committee called Restore Our Future.