Forbes August 6, 2024
A lawsuit reveals that an early bet on the company that would later become $19 billion startup CoreWeave has made Les Wexner one of the largest individual shareholders in the AI unicorn.
Les Wexner, the Victoria’s Secret billionaire who stepped down from his company L Brands in 2020 amid scrutiny over his ties to convicted sex offender Jeffrey Epstein, is cashing in on the AI surge.
Thanks to a $1 million seed investment in Atlantic Crypto, a little-known company that would become AI cloud juggernaut CoreWeave, the 86-year-old’s family trust now holds a $720 million stake in one of the most valuable AI startups around. The Ohio-based billionaire is one of America’s wealthiest people, worth an estimated $6.3 billion.
Wexner’s...
Today's Sponsors
Today's Sponsor