Leon Levine

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Leon Levine
Born (1937-06-08) June 8, 1937 (age 83)
NationalityUnited States
OccupationBusinessman
Known forCo-founder of Family Dollar
Spouse(s)Barbara Leven (until her death)
Sandra Poliakoff
Children4 including Howard R. Levine

Leon Levine (born June 8, 1937) is an American businessman and philanthropist. He founded the Family Dollar chain of discount stores.

Early life[edit]

Leon Levine was born to a Jewish family[1] on June 8, 1937 in Wadesboro, North Carolina. The family actually lived in Rockingham, North Carolina but the town had no hospital. The family ran a small town store called The Hub. His brother Sherman and his mother ran the Hub until it closed in 1960.

In 1949, when Levine was 12, his father died from a heart attack. The loss led him to become closer to his mother. In 1951, his brother Sherman was drafted to serve with the military in Korea, which left Leon to take on more responsibilities at the store. He would go to school in the morning and work in the afternoon.

Career[edit]

In 1956 Leon and Sherman purchased a chenille bedspread factory in Wingate, North Carolina. He attended nearby Wingate College during the day so he could run the factory after classes. After a discouraging sales trip to New York, Leon kept at and was able to find a good market for his bedspreads in Puerto Rico. In 1958, Levine, realizing he had to make a major capital investment in new equipment to stay competitive, sold the company.

In 1959 he visited a store in Kentucky that sold nothing for over a dollar. He liked the concept and in November 1959, at age 22, he opened up a similar store in the 1500 block of Central Avenue in Charlotte that sold items for no more than $2. He named it Family Dollar for the affordability of its products and the demographic that it was aimed towards.[2] Levine began Family Dollar with $3,000 of his own money and $3,000 from a partner.

In June 1960, Levine opened a second store, also in Charlotte, next door to Park 'n Shop on Wilkinson Boulevard. Later that year he opened a third store in Charlotte, followed by Hamlet, North Carolina. This same year he realized that the $2 price cap was not feasible and increased it to $3, a ceiling he kept until 1972. In 1961, Family Dollar expanded into South Carolina. In 1962, Family Dollar did $2 million in business, and moved into Augusta, Georgia. He also went solo, buying out his partners interest in Family Dollar. By the end of 1979 Family Dollar had 380 stores in eight states.

In 1974, Family Dollar moved its administrative and warehouse space to a newly built facility in Matthews, North Carolina. In 1970, Family Dollar decided to go public on the stock exchange. In 1972 Family Dollar's common stock began trading on the AMEX.

Personal life[edit]

During a summer vacation to Florida in 1957, he met Barbara Leven, who lived in Chicago. They married in February 1958. Howard Russel was born on Christmas Day of 1958, Lori Ann was born in December 1960; and Mindy Ellen was born in August 1963. Mindy would later commit suicide, and Barbara would die from breast cancer at the age of 27 in 1966.

On June 5, 1978 he married Sandra Poliakoff. They had met in the 1960s when Sandra was friends with his first wife, Barbara. They had lost touch over the years but renewed a friendship at the end of 1975. Their daughter Amy was born in June 1981. Levine and his wife have been involved in numerous charitable and philanthropic causes. Sandra Levine has served on the Board of Commissioners of the Carolinas Healthcare System. They have three grown children along with 10 grandchildren. He is also a member of the North Carolina Business Hall of Fame. Levine is a member of Charlotte's Temple Israel and has a social hall named after him at the synagogue.[3]

He and his wife currently reside in Charlotte, North Carolina. In 2003, Levine retired as Chairman and CEO of Family Dollar. He was succeeded as Chairman and CEO by his son, Howard, until January 2016.

Levine started The Leon Levine Foundation, which aims to improve the human condition by creating permanent measurable and life changing impact throughout the Carolinas. The organization invests in nonprofits with strong leadership, a successful track record and a focus on sustainability in the areas, or healthcare, education, Jewish values and human services.[4] Currently he and his wife; Sandra P. Levine, are members of the Board of Directors and President and Vice-President respectively.

Philanthropy[edit]

References[edit]

  1. ^ Garfield, Ken (January 2010). "The Levines and Us- In a city that's just discovering how to give deeply, Leon and Sandra Levine are showing the way". Charlotte Magazine.
  2. ^ "NC Business Hall of Fame -- Leon Levine". Retrieved Jan 9, 2020.
  3. ^ a b "Children's Services | Levine Children's Hospital". atriumhealth.org. Retrieved Jan 9, 2020.
  4. ^ "About Us : The Leon Levine Foundation". www.leonlevinefoundation.org. Retrieved 2018-04-16.
  5. ^ "About Queens University | Queens University of Charlotte". www.queens.edu. Retrieved Jan 9, 2020.
  6. ^ "Homepage | Levine Scholars Program | UNC Charlotte". levinescholars.uncc.edu. Retrieved Jan 9, 2020.
  7. ^ "Archived copy". Archived from the original on 2014-07-28. Retrieved 2014-07-28.CS1 maint: archived copy as title (link)
  8. ^ "Levine Campus | Central Piedmont". www.cpcc.edu. Retrieved Jan 9, 2020.
  9. ^ "Levine Center for the Arts - About". Retrieved 2014-01-02.
  10. ^ "Levine Jewish Community Center, Charlotte, NC - Levine Jewish Community Center, Charlotte, NC". www.charlottejcc.org. Retrieved Jan 9, 2020.
  11. ^ http://www.jewishcharlotte.org/content_display.html?ArticleID=158478[permanent dead link]
  12. ^ "Levine Museum of the New South". Levine Museum of the New South. Retrieved Jan 9, 2020.
  13. ^ "For $5M grant, ASU's health building to be named for Leon Levine". Watauga Democrat. Retrieved 2018-01-17.

External links[edit]