Leonard Lauder is a billionaire businessman who is known for being the former CEO and Chairman of cosmetics giant, Estée Lauder Companies. He has also been a philanthropist and art collector throughout his life. Lauder is estimated to have a net worth of $21.5 billion as of 2021, according to Forbes.
Early Life and Education
Leonard Lauder was born on March 19, 1933, in Manhattan, New York City, to Estée Lauder and Joseph Lauder, who were the founders of the Estée Lauder Companies. He grew up in a wealthy family and attended the Wharton School of the University of Pennsylvania, where he earned a Bachelor of Science degree in Economics in 1954.
Career and Achievements
Leonard Lauder joined the Estée Lauder Companies in 1958 and worked his way up through the company. He became the CEO of the company in 1982 and then the Chairman in 1995. During his time at the company, Lauder helped to expand its reach to over 150 countries and grew its revenue from $200 million in 1974 to over $8 billion in 2002. He retired from the company in 2009 but remained active as its Chairman Emeritus.
Aside from his work with the Estée Lauder Companies, Lauder has been involved in various philanthropic endeavors throughout his lifetime. He has donated millions to educational institutions, including the University of Pennsylvania, and has been a major supporter of the Whitney Museum of American Art. In addition, Lauder is a renowned art collector and has donated much of his collection to museums around the world.
Leonard Lauder has been married twice in his lifetime. He was first married to Evelyn Hausner in 1959, but they divorced in 2001. They had two sons together, William and Gary. In 2015, Lauder married photographer Judy Glickman.
| Name: | Leonard Lauder |
| Born: | March 19, 1933 |
| Country: | United States |
| Sector: | Cosmetics |
| Companies: | Estée Lauder Companies |
| Net Worth: | $21.5 billion |
| Forbes URL: | https://www.forbes.com/profile/leonard-lauder/ |