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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.
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Ash Malkin
⏲ 24 minutes 59 seconds 👁 41.9K
CBeebies
⏲ 53 minutes 2 seconds 👁 377.7K
Mount Ruang, a volcano in Indonesia's North Sulawesi Province, erupted multiple times, prompting the highest alert level. Concerns of a potential tsunami arose, leading to evacuations of over 800 people. The eruption, spewing ash over a mile high, highlighted Indonesia's vulnerability to seismic and volcanic activity due to its location on the Pacific Ring of Fire. <br/> <br/> <br/> <br/>#Tsunami #IndonesiaRuang #NorthSulawesi #RuangVolcano #VolcanoIndonesia #Indonesianews #IndonesiaUpdates#Worldnews #Oneindia #Oneindianews <br/><br/>~ED.101~GR.124~
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Ash Malkin
⏲ 44 minutes 58 seconds 👁 52K
Ash Malkin
⏲ 24 minutes 5 seconds 👁 19.1K
The Duke of Sussex has formally confirmed that he is now a US resident, four years after leaving Britain with his wife, Meghan. The change was revealed in a filing for a sustainable tourism company, Travelyst, which was founded by Prince Harry in 2019. The paperwork informs British authorities that he has moved and is now “usually resident” in the US. Harry and Meghan have lived in California since they stepped down as senior royals in 2020. Although the electronic filing to Companies House was only listed on Wednesday, the document shows the change was made on 29th June 2023 by the Prince. Report by Bangurak. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
⏲ 2:37 👁 3.2M
Ash Malkin
⏲ 6 minutes 51 seconds 👁 9.2K
CBeebies
⏲ 5 minutes 2 seconds 👁 675.8K
NASCAR Driver Bubba Wallace expecting first child with wife Amanda. The couple made the announcement in a joint Instagram post writing 'Spring has sprung. Summer will be rad. Fall is the first time, we'll be mom and dad!' The NASCAR driver also shared on X that the baby is due in October, the same week as his own birthday. Prince Harry changes primary residence to the U.S. in U.K. regulatory filing. The Duke of Sussex moved to wife Meghan Markle's home state of California back in 2020, shortly after departing their senior royal positions. While it was unclear at the time whether or not this was a permanent move, new paperwork filed with Harry's company Travalyst lists his primary home as the United States, confirming his residence for the foreseeable future. Kanye West becomes suspect in battery case following retaliation for alleged assault of wife Bianca Censori. The altercation began when a man allegedly grabbed Censori in Los Angeles Tuesday night. In response, West is reported to have punched the man on Sunset Boulevard in front of the Chateau Marmont Hotel. No formal charges against the rapper have been filed at this time. In today's birthday news: actor James Woods turns 77, actor Eric Roberts 68, Conan O'Brien 61, actress Maria Bello 57, actress Melissa Joan Hart 48, Kourtney Kardashian 45, and actress America Ferrera 40.
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Ash Malkin
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Ash Malkin
⏲ 49 minutes 5 seconds 👁 20.1K
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