News about Leon Levine

Since he died earlier this week at the age of 85, Family Dollar founder Leon Levine is in the spotlight, this week. In 1959, Levine founded his first Family Dollar store in Charlotte, overseeing the chain's rapid expansion until he took over the business from his son in 2003 and then selling the store to Dollar Tree in 2014 at a $8.5 billion estimate. More than 8,200 Family Dollar stores in the United States are now, and the chain announced record net sales of $12.9 billion last year as historic inflation led to higher prices being sought by customers.

Leon Levine, the family dollar founder and noted North Carolina philanthropist, died on Wednesday, age 85.

Levine began the first ever Family Dollar Store on Central Avenue in Charlotte, North Carolina, at the age of 22, harnessed a $6,000 investment and opened the first-ever Family Dollar Store. The discount store will eventually grow to become a Fortune 400 shop with 8,000 locations around the country, and it will become known as a shopping hub for Americans with little money to burn on necessities.