_the-epstein-tarnished-billionaire-that-is-quietly-reshaping-ohio.jpg "The Epstein-Tarnished Billionaire That Is Quietly Reshaping Ohio from sixs Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 22:3
👁 View: 33.4M times
✓ Published: 17-Apr-2024
👁 View: 33.4M times
✓ Published: 17-Apr-2024
Description:
As the man who made Jeffery Epstein professionally, the longtime head of Victoria’s Secret stepped down from his retail giant, seemingly finished. This is the inside story of how 86-year-old Les Wexner quietly engineered one of the biggest semiconductor projects in history.<br/><br/>Ohio’s richest resident, Wexner owns the New Albany Company, which is headquartered just a few miles away from Johnstown in the tiny suburb of New Albany, which Wexner started building in the 1980s. He still lives there today, and it was his development firm that secured the land for Intel to nab the mega-deal at the last minute.<br/><br/>When Wexner stepped down from L Brands and out of the spotlight in 2020 amid scrutiny over his relationship with sex offender Jeffrey Epstein, many may have thought the retail mogul, now 86, was retiring after nearly six decades to quietly enjoy his billions. But, it turns out, he was just getting started. As new reporting by Forbes reveals, when local leaders didn’t have a site that fit the ultra specific conditions needed for chip production, which include access to millions of gallons of water a day, they reached out to Wexner’s New Albany Company. Within three days, it had come up with a proposal for the plot in Johnstown. <br/><br/>0:00 Intro<br/>0:24 Who is Les Wexner<br/>1:21 Wexner and Epstein's relationship<br/>3:33 The New Albany Company’s deal with Intel<br/>7:17 Residents react to the Intel deal<br/>8:41 When and why did Wexner start the New Albany Company<br/>10:56 The New Albany Company thrives despite Epstein controversy<br/>13:41 Current state of the Intel construction site<br/>16:11 What will be the aftermath of the deal for surrounding communities<br/>18:50 Is this deal good for Ohio<br/>20:23 What do Ohio residents think of Wexner<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/jemimamcevoy/2024/04/10/les-wexners-second-life-how-the-epstein-tarnished-billionaire-is-quietly-reshaping-ohio/?sh=94ef9b16a91d<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
As the man who made Jeffery Epstein professionally, the longtime head of Victoria’s Secret stepped down from his retail giant, seemingly finished. This is the inside story of how 86-year-old Les Wexner quietly engineered one of the biggest semiconductor projects in history.<br/><br/>Ohio’s richest resident, Wexner owns the New Albany Company, which is headquartered just a few miles away from Johnstown in the tiny suburb of New Albany, which Wexner started building in the 1980s. He still lives there today, and it was his development firm that secured the land for Intel to nab the mega-deal at the last minute.<br/><br/>When Wexner stepped down from L Brands and out of the spotlight in 2020 amid scrutiny over his relationship with sex offender Jeffrey Epstein, many may have thought the retail mogul, now 86, was retiring after nearly six decades to quietly enjoy his billions. But, it turns out, he was just getting started. As new reporting by Forbes reveals, when local leaders didn’t have a site that fit the ultra specific conditions needed for chip production, which include access to millions of gallons of water a day, they reached out to Wexner’s New Albany Company. Within three days, it had come up with a proposal for the plot in Johnstown. <br/><br/>0:00 Intro<br/>0:24 Who is Les Wexner<br/>1:21 Wexner and Epstein's relationship<br/>3:33 The New Albany Company’s deal with Intel<br/>7:17 Residents react to the Intel deal<br/>8:41 When and why did Wexner start the New Albany Company<br/>10:56 The New Albany Company thrives despite Epstein controversy<br/>13:41 Current state of the Intel construction site<br/>16:11 What will be the aftermath of the deal for surrounding communities<br/>18:50 Is this deal good for Ohio<br/>20:23 What do Ohio residents think of Wexner<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/jemimamcevoy/2024/04/10/les-wexners-second-life-how-the-epstein-tarnished-billionaire-is-quietly-reshaping-ohio/?sh=94ef9b16a91d<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_knuckles-cast-featurette.webp "All six episodes will premiere Friday, April 26<br/><br/>exclusively on Paramount+ in the U.S.<br/><br/>KNUCKLES, the latest in the “Cinematic World of Sonic the Hedgehog” from Paramount Pictures and SEGA of America, is a new live-action event series following Knuckles (Idris Elba) on a hilarious and action-packed journey of self- discovery as he agrees to train Wade Whipple (Adam Pally) as his protégé and teach him the ways of the Echidna warrior. The series takes place between the films SONIC THE HEDGEHOG 2 and SONIC THE HEDGEHOG 3.")
_nba-playoffs-why-sixers39-odds-changed-despite-injuries.webp "NBA Playoffs: Why Sixers' Odds Changed Despite Injuries from sixs")
_spotlight-on-gaps-in-australias-mental-health-system-in-wake-of-bondi-junction-attack.webp "Tributes continue to flood Sydney’s Bondi Westfield shopping centre following a knife attack on Saturday where six people were fatally stabbed and others injured. Mental health workers in the Bondi area says under-funded public services often mean patients do not receive the level of care they require. Psychiatrist Kamran Ahmed says the sector is at crisis point.")
⏲ 2:1 👁 1.7M
_inquest-for-indigenous-teenagers-death-adjourned-after-emergence-of-new-evidence.webp "A coronial inquest into the death of an indigenous teenager has been adjourned for six months after possible new evidence emerged. Almost four decades on from his death, the adjournment adds to the family's long wait for answers.")
![Wales is the kindest region in Great Britain. <br/><br/>Research, of 2,000 adults, revealed those in the country will carry out an average of eight acts of kindness each week, compared to the six that people in the East of England will accomplish. <br/><br/>Londoners took second place, closely followed by the West Midlands, and adults in the North West - while those in the East of England and South East residents came bottom of the pile. <br/><br/>It also emerged one in four adults across the country volunteer, dedicating an average of eight hours of their spare time each week. <br/><br/>The research was commissioned by Nissan, which is working with The Richard Whitehead Foundation’s Supported Runner Project [www.whitehead.foundation/supported-runner-project-overview], to help make Sunday's TCS London Marathon more inclusive. <br/><br/>It comes after the study also found 56 per cent would volunteer to help a disabled friend or person complete a sporting event, if they were equipped with the right tools and training. <br/><br/>Gold-medal winning Paralympian and Nissan GB’s Diversity, Equity and Inclusion Ambassador, Richard Whitehead, said: “It’s fantastic to see how people support each other across the country and so many would be willing to help disabled runners if they had the tools and training to do so. <br/><br/>“Helping others is not only incredibly important, but also very rewarding, so we’re delighted to give people the opportunity to do so around mass participation running events. <br/><br/>“The Supported Runner Project provides comprehensive training to volunteers, allowing them to offer all-encompassing support to runners with physical or neurodiverse disabilities before, during and after each event, helping to remove some of the challenges and barriers to entry that they may encounter. <br/><br/>“We’re looking forward to seeing the impact this will have at this year’s race and hopefully we can inspire even more people to take part in the future.” <br/><br/>The study also revealed the top 30 things people do to help others, with showing their appreciation (60 per cent) and holding a door open for someone else (59 per cent) coming out on top. <br/><br/>Donating old belongings to charity (44 per cent), checking in on a friend (37 per cent) and taking a parcel in for a neighbour (45 per cent) also made the list. <br/><br/>And while 51 per cent are kind because it’s part of their personal values, 28 per cent said it makes them happy and 27 per cent like to feel they’re ‘doing their bit’. <br/><br/>Half would like to help people out more often than they currently do, and 34 per cent would even go as far to say they wished they were a kinder individual. <br/><br/>A lack of time (42 per cent), money (41 per cent) and an introverted personality (34 per cent) are among the things holding people back from being more compassionate - although 43 per cent believe they’ve grown kinder as they’ve grown older. <br/><br/>It also emerged three quarters recognise the power of kindness, as they feel it has a positive impact on their relationship with others.](https://cdn9.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KBTMPDmSwBTAaGmWCATI3pl9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_wales-kindest-region-in-britain.webp "Wales is the kindest region in Great Britain. <br/><br/>Research, of 2,000 adults, revealed those in the country will carry out an average of eight acts of kindness each week, compared to the six that people in the East of England will accomplish. <br/><br/>Londoners took second place, closely followed by the West Midlands, and adults in the North West - while those in the East of England and South East residents came bottom of the pile. <br/><br/>It also emerged one in four adults across the country volunteer, dedicating an average of eight hours of their spare time each week. <br/><br/>The research was commissioned by Nissan, which is working with The Richard Whitehead Foundation’s Supported Runner Project [www.whitehead.foundation/supported-runner-project-overview], to help make Sunday's TCS London Marathon more inclusive. <br/><br/>It comes after the study also found 56 per cent would volunteer to help a disabled friend or person complete a sporting event, if they were equipped with the right tools and training. <br/><br/>Gold-medal winning Paralympian and Nissan GB’s Diversity, Equity and Inclusion Ambassador, Richard Whitehead, said: “It’s fantastic to see how people support each other across the country and so many would be willing to help disabled runners if they had the tools and training to do so. <br/><br/>“Helping others is not only incredibly important, but also very rewarding, so we’re delighted to give people the opportunity to do so around mass participation running events. <br/><br/>“The Supported Runner Project provides comprehensive training to volunteers, allowing them to offer all-encompassing support to runners with physical or neurodiverse disabilities before, during and after each event, helping to remove some of the challenges and barriers to entry that they may encounter. <br/><br/>“We’re looking forward to seeing the impact this will have at this year’s race and hopefully we can inspire even more people to take part in the future.” <br/><br/>The study also revealed the top 30 things people do to help others, with showing their appreciation (60 per cent) and holding a door open for someone else (59 per cent) coming out on top. <br/><br/>Donating old belongings to charity (44 per cent), checking in on a friend (37 per cent) and taking a parcel in for a neighbour (45 per cent) also made the list. <br/><br/>And while 51 per cent are kind because it’s part of their personal values, 28 per cent said it makes them happy and 27 per cent like to feel they’re ‘doing their bit’. <br/><br/>Half would like to help people out more often than they currently do, and 34 per cent would even go as far to say they wished they were a kinder individual. <br/><br/>A lack of time (42 per cent), money (41 per cent) and an introverted personality (34 per cent) are among the things holding people back from being more compassionate - although 43 per cent believe they’ve grown kinder as they’ve grown older. <br/><br/>It also emerged three quarters recognise the power of kindness, as they feel it has a positive impact on their relationship with others.")
_do-you-want-to-see-celtics-play-heat-or-bulls-124-bobby-amp-noa-garden-report.webp "The Celtics are set to face either the Heat or the Bulls in their first-round playoff series. The determining game will take place on Friday night when the Miami Heat, without their star player Jimmy Butler due to an MCL sprain, host the Chicago Bulls for the No. 8 seed. The winner will advance to play Boston, with the series starting Sunday at TD Garden. CLNS Media's Bobby Manning and Celtics Blog's Noa Dalzell discuss it all in a special in-studio edition of the Garden Report.<br/><br/>0:00 Intro<br/><br/>2:12 Heat Matchup<br/><br/>8:10 Bulls Matchup<br/><br/>12:58 Jontay Porter BANNED from NBA<br/><br/>26:08Biggest Questions for Celtics in playoffs<br/><br/>This episode of the Garden Report is brought to you by:<br/><br/>Get in on the excitement with PrizePicks, America’s No. 1 Fantasy Sports App, where you can turn your hoops knowledge into serious cash. Download the app today and use code CLNS for a first deposit match up to $100! Pick more. Pick less. It’s that Easy! Go to https://PrizePicks.com/CLNS<br/><br/>Elevate your style game on and off the course with the PXG Spring Summer 2024 collection. Head over to PXG.com/GARDEN and save 10% on all apparel.")
_dyche-on-their-relegation-six-pointer-against-nottingham-forest-being-seen-as-a-firefighter-and-the-scrapping-of-fa-cup.webp "Everton boss Sean Dyche on their relegation six pointer against Nottingham Forest, being seen as a firefighter and the scrapping of FA Cup replays <br/> Finch Farm, Liverpool, UK")
_westfield-shopping-centre-reopens-after-fatal-stabbings.webp "Shoppers and staff have returned to Bondi Junction Westfield almost a week after six people were murdered in a stabbing spree. It’s been an emotional re-opening for many as the community confronts the trauma of last Saturday’s attack.")
_knuckles-cast-featurette.jpg)
_nba-playoffs-why-sixers39-odds-changed-despite-injuries.jpg)
_spotlight-on-gaps-in-australias-mental-health-system-in-wake-of-bondi-junction-attack.jpg)
_inquest-for-indigenous-teenagers-death-adjourned-after-emergence-of-new-evidence.jpg)
_wales-kindest-region-in-britain.jpg)
_do-you-want-to-see-celtics-play-heat-or-bulls-124-bobby-amp-noa-garden-report.jpg)
_dyche-on-their-relegation-six-pointer-against-nottingham-forest-being-seen-as-a-firefighter-and-the-scrapping-of-fa-cup.jpg)
_westfield-shopping-centre-reopens-after-fatal-stabbings.jpg)
![[+]](/images/menu.gif){kind=small}