Leon Levine
Leon Levine was born in Wadesboro, North Carolina, United States on June 8th, 1937 and is the Entrepreneur. At the age of 87, Leon Levine biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.
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Leon Levine (born June 8, 1937) is an American businessman and philanthropist.
He founded the Family Dollar chain of discount stores.
Early life
Leon Levine was born in Wadesboro, North Carolina, on June 8, 1937. The family lived in Rockingham, North Carolina, but there was no hospital in the town. The family owned The Hub, a small town store that was operated by Sherman and his mother until it closed in 1960.
When Levine was 12 years old, he died as a result of a heart attack. Due to his father's death, he was able to get closer to his mother. Sherman was recruited to serve in Korea in 1951, putting Leon in charge of more responsibilities at the store. He would start in the morning and work in the afternoon.
Personal life
He encountered Barbara Leven, who lived in Chicago, during a summer vacation to Florida in 1957. In February 1958, the two were married. Howard Russel was born on Christmas Day in 1958, Lori Ann was born in December 1960, and Mindy Ellen was born in August 1963. Mindy will die by suicide later this year, and Barbara will die from breast cancer at the age of 27 in 1966.
Sandra Poliakoff married Sandra Poliakoff on June 5, 1978. They met in the 1960s when Sandra was visiting his first wife, Barbara, was a teen. They had lost touch over the years, but they rekindled their friendship at the end of 1975. Amy's daughter was born in June 1981. Levine and his wife have been active in a multitude of charitable and philanthropic causes. Sandra Levine has served on the Board of Commissioners of the Carolinas Healthcare System. They have three grown children as well as ten grandchildren. He is also a member of the North Carolina Business Hall of Fame. Levine, a member of Temple Israel in Charlotte, has a social hall named after him at the synagogue.
He and his wife now live in Charlotte, North Carolina. In 2003, Levine retired as Chairman and CEO of Family Dollar. Howard Howard, Howard's uncle, succeeded him as Chairman and CEO until January 2016.
Levine founded The Leon Levine Foundation, which aims to improve the human condition by bringing about measurable and life changing effects throughout the Carolinas. The company invests in nonprofits with strong leadership, a track record, and a focus on sustainability in the fields of healthcare, education, Jewish values, and human services. Sandra P. Levine, the husband and his wife, are currently members of the Board of Directors and Vice President respectively.
Career
Leon and Sherman bought a chenille bedspread factory in Wingate, North Carolina, in 1956. He went to Wingate College during the day so he could run the factory after classes. Leon stayed at and was able to locate a market for his bedspreads in Puerto Rico despite a tumultuous sales trip to New York. Levine, the company's founder, understood that he must make a significant capital investment in new equipment to remain competitive, sold the firm in 1958.
In 1959, he visited a Kentucky store that sold nothing for more than a dollar. He loved the idea, and at age 22, he opened a second store in Charlotte's 1500 block of Central Avenue that sold items for no more than $2. He named it Family Dollar for the affordability of its items and the target audience. Levine started Family Dollar with $3,000 of his own money and $3,000 from a partner.
Levine opened a second store in Charlotte, just next door to Park 'n Shop on Wilkinson Boulevard in June 1960. Later that year, he opened a third store in Charlotte, followed by Hamlet, North Carolina. He found out that the $2 price cap was not feasible and raised it to $3, a record he did not have until 1972. Family Dollar first appeared in South Carolina in 1961. Family Dollar made $2 million in 1962 and then expanded to Augusta, Georgia. He went solo, buying out his partners' interest in Family Dollars. By the end of 1979, Family Dollar had 380 stores in eight states.
Family Dollar moved its corporate and warehouse space to a new building in Matthews, North Carolina, in 1974. In 1970, Family Dollar made the decision to go public on the stock exchange. On the American Stock Exchange in 1972, the Family Dollar's common stock began trading.