Last Updated: 07 May, 2024 | Views: 531
Age: 91
Profession: Business Men
Other Profession(s): Philanthropist, Entrepreneur, Businessperson, Business Executive
Famous For: Chairman Emeritus, Estee Lauder
Higher Education: Columbia University (MBA)
Net Worth: US$32.3 billion
About (Profile/Biography):
Leonard Alan Lauder was born on March 19, 1933, is an American businessman, philanthropist, and art collector. His brother, Ronald Lauder, and he are the sole heirs to the Estée Lauder Companies cosmetics fortune that their parents, Estée Lauder and Joseph Lauder, founded in 1946. Having served as CEO until 1999, Lauder is now chairman emeritus of The Estée Lauder Companies Inc. In his capacity as CEO, MAC Cosmetics, Aveda, Bobbi Brown, and La Mer were acquired by the company. In addition, Lauder donated his collection of Cubist art to the Metropolitan Museum of Art in 2013.
Leonard Lauder Career:
1958: His first job with Estée Lauder was at age 25 in 1958. He led the company during the mid-1990s as it acquired brands including MAC, Bobbi Brown, and Aveda.
1999: Leonard Lauder retired in 1999 but remains Chairman Emeritus of Estée Lauder and is known as the "Chief Teaching Officer" around the company.
2001: Leonard Lauder gained notoriety for creating the Lipstick Index in 2001, which has since been discredited for reflecting a penchant for luxury purchases during economic recessions. His home is located on Manhattan's Upper East Side, where he has lived for many years.
2013: His collection included 81 Cubist pieces, including 34 Picassos, 17 Braques, 15 Légers, and 15 Griss, totaling more than a billion dollars in value.
Leonard Lauder Awards:
2003: Golden Plate Award
2017: Bronx Science Hall of Fame
2019: Women's Leadership Award
2020: World Retail Hall of Fame
Leonard Lauder Unknown Facts:
Leonard Lauder served as a commanding officer in the U.S. Navy before joining Estée Lauder Companies. He eventually ascended the ranks to become CEO in 1982, then chairman.
Leonard Lauder also philanthropies, having donated millions to many charitable causes, including the Breast Cancer Research Foundation he founded with his late wife, Evelyn Lauder.
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