Leslie Wexner has seen his fortune grow by $1.1 billion this year thanks to a 70% boost in the stock price of his Limited Brands chain of mall staples. His retail empire continues its spread overseas: Lingerie giant Victoria's Secret is opening outlets in Bahrain and Saudi Arabia this year, and upscale sister brand La Senza just launched a Sydney, Australia flagship. Ohio State law school dropout Wexner founded The Limited with a $5,000 loan from his aunt in 1963, and took it public six years later. He sold a majority stake in The Limited clothing chain in 2007 and gave up the remaining stake last year. A passionate contemporary art collector, Wexner has pieces by Picasso, Matisse, Degas and DeKooning. He previously funded Ohio State University's Wexner Center for the Arts and in February, he and wife Abigail pledged another $100 million to the college to be doled out over nine years. He owns a 315-foot yacht, called Limitless. [...] more
With casino billionaire Sheldon Adelson's $10 million gift, the tally of America's richest people donating to Mitt Romney-backing super PAC Restore Our Future is 32 -- or, 8% of the Forbes 400. Read on to see who joins Adelson on this growing list. [...] more>>
It's well known that super-rich donors tend to write their checks to right-leaning candidates. Still, the number of billionaires who've given to Restore Our Future, a Mitt Romney-backing super PAC, is staggering: 30, or 7.5% of the Forbes 400 list. [...] more>>
Restore Our Future, the pro-Mitt Romney super PAC, picked up a few more deep-pocketed supporters last month. A Federal Election Commission filing Sunday showed that new donors in April included billionaires Harold Hamm, chairman and CEO of Continental Resources and an energy adviser to the Romney campaign; investor Wilbur Ross and [...] [...] more>>
David Geffen, Paul Allen, Larry Ellison, and Steven Spielberg are among the billionaires with massive yachts. [...] more>>
company Limited Brands Inc, which houses Victoria's Secret and Bath & Body Works. Over the last 10 years Selig has worked with Wexner and his team in selling a number of their businesses, which include chains New York & Company and Express. Wexner was not [...] more>>
The donation comes at a time when gay marriage is starting to be viewed not as a personal choice issue for homosexual couples, but an important human rights issue that affects every citizen. [...] more>>
| Salary | $1,924,000 |
| Bonus | $0 |
| Restricted stock awards | $8,822,133 |
| All other compensation | $649,172 |
| Option awards | $2,596,103 |
| Non-equity incentive plan compensation | $4,899,158 |
| Change in pension value and nonqualified deferred compensation earnings | $339,918 |
| Total Compensation | $19,230,484 |
| Number of securities underlying options exercisable | 479,771 |
| Number of shares owned | 19,722,037 |
