Leonard Lauder

Net worth over time

Biography

• Leonard Lauder spent three decades running his family's publicly traded cosmetics giant, Estée Lauder.
• The elder son of the eponymous makeup maven, Lauder joined his mother's company in 1958.
• He created the company's first R&D laboratory and started acquiring brands like MAC, Bobbi Brown and Aveda in the mid-1990s.
• Lauder stepped down as CEO in 1999. He is now chairman emeritus and is known around the company as "Chief Teaching Officer."
• He and his brother, Ronald, co-chair the Alzheimer's Drug Discovery Foundation, which has awarded over $209 million to fund trials in 19 countries.
• Lauder gifted his massive Cubist art collection, worth more than $1 billion, to the Metropolitan Museum of Art in 2013.
• In April 2016, the newly designed home of New York City's Whitney Museum of American Art was named in his honor.
• Lauder wrote "The Company I Keep: My Life in Beauty," a memoir about his time at Estée Lauder, which hit the shelves in November 2020.

Financial assets