Leonard Lauder
$10.1B
Born
Mar 19, 1933
Age
92
Source of Wealth
Estee Lauder
Residence
New York, New York
Citizenship
United States
Marital Status
Children
2
Education
Bachelor of Arts/Science, University of Pennsylvania
- 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.
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