Leonard Lauder Net Worth: $15 billion
| Net Worth | $15 billion |
|---|---|
| Salary | N/A |
| Birthdate | March 19, 1933 |
| Birthplace | United States |
| Gender | Male |
| Height | N/A |
| Profession | Businessman, Philanthropist, Art Collector |
| Nationality | American |
Highlights
– Leonard Lauder has a net worth of $15 billion.
– He is an American businessman, philanthropist, and art collector.
– Leonard is the heir to the Estée Lauder Companies fortune.
– He served as CEO of Estée Lauder in the 1990s.
– Lauder is known for his extensive collection of Cubist art.
– He donated his art collection valued at over $1 billion to the Metropolitan Museum of Art.
– Leonard Lauder has made significant contributions to various arts and culture organizations.
– He has also been involved in philanthropic efforts related to Alzheimer’s research and healthcare.
– Lauder published his memoir “The Company I Keep: My Life in Beauty” in 2020.
Early Life
Leonard Lauder was born on March 19, 1933, in the United States. His parents, Joseph and Estée, went on to found the cosmetics company Estée Lauder in 1946. Leonard attended the Wharton School of the University of Pennsylvania for his higher education and later earned his MBA from Columbia University. He also served as a lieutenant in the US Navy.
Career
Leonard Lauder joined the family cosmetics company, Estée Lauder, in 1958. He held various positions within the company and became CEO in the 1990s. Lauder was responsible for significant developments in the company, including the creation of the first research and development laboratory and taking the company public on the New York Stock Exchange. He also oversaw the acquisitions of several major cosmetics brands.
In addition to his role at Estée Lauder, Leonard Lauder is known for his passion for art. He has amassed an extensive collection of Cubist works by renowned artists such as Picasso, Braque, Léger, and Gris. Lauder gifted his art collection, valued at over $1 billion, to the Metropolitan Museum of Art in 2013.
Personal Life
Leonard Lauder was first married to Evelyn Hausner in 1959. They had two sons, William and Gary, both of whom later worked for the Estée Lauder Companies. The couple established the Leonard and Evelyn Lauder Fund to support various causes. Unfortunately, Evelyn passed away in 2011 from complications of ovarian cancer.
In 2015, Lauder married photographer Judy Glickman. He published his memoir “The Company I Keep: My Life in Beauty” in 2020.
Net Worth Over Time
Leonard Lauder’s net worth has experienced significant growth over the years. As of now, his net worth is estimated to be $15 billion.
Components of Net Worth
Leonard Lauder’s net worth primarily comes from his inheritance as the heir to the Estée Lauder Companies fortune. His active role in the company as CEO also contributed significantly to his wealth. Additionally, Lauder’s extensive art collection adds value to his net worth.
In conclusion, Leonard Lauder, an American businessman, philanthropist, and art collector, has a net worth of $15 billion. He is widely recognized for his role in the Estée Lauder Companies and his extensive collection of Cubist art. Lauder’s contributions to arts and culture, as well as his philanthropic endeavors, have further solidified his influence and impact. His net worth has grown over time, primarily attributed to his position in the family business and the value of his art collection. Leonard Lauder continues to leave a significant legacy in the business, art, and philanthropy worlds.