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Leonard Lauder
Leonard Alan Lauder (March 19, 1933 – June 14, 2025) was an American billionaire, philanthropist and art collector. Together, he and his brother, Ronald Lauder, were the sole heirs to The Estée Lauder Companies cosmetics fortune, founded in 1946 by their parents, Estée and Joseph Lauder. Having been its CEO until 1999, Leonard was the chairman emeritus of The Estée Lauder Companies Inc. During his tenure as the CEO, the company went public at the New York Stock Exchange in 1996 and acquired several major cosmetics brands, including MAC Cosmetics, Aveda, Bobbi Brown, and La Mer.
In 2013, Lauder promised his collection of Cubist art to the Metropolitan Museum of Art. The collection is valued at over $1 billion and constitutes one of the largest gifts in the museum's history.
At the time of his death, Forbes estimated his net worth at US$9.7 billion.
Lauder was born in New York City on March 19, 1933, the elder son of Joseph and Estée Lauder and the elder brother of Ronald Lauder. His family is Jewish. He graduated from the Wharton School of the University of Pennsylvania, and also studied at Columbia University's Graduate School of Business before serving as a lieutenant in the United States Navy.
He joined Estée Lauder in 1958 when he was 25. He created the company's first research and development laboratory in the mid-1990s and was responsible for the company acquiring brands like MAC Cosmetics, Bobbi Brown, and Aveda. Under his leadership in the late 1980s, Estée Lauder opened its first store in Moscow with support from the Gosbank daughter, Moscow Narodny Bank in London.
In 1986, Lauder hosted a New York City luncheon attended by Donald Trump and Soviet Ambassador to the United States Yuri Dubinin during which Trump hashed out his partnership with the Kremlin.
Lauder stepped down as CEO of Estée Lauder in 1999.
Lauder gained notoriety in 2001 for creating the Lipstick index, a since-discredited economic indicator, meant to reflect a proclivity to spend money on luxury items, even in the face of crisis.
Leonard Lauder
Leonard Alan Lauder (March 19, 1933 – June 14, 2025) was an American billionaire, philanthropist and art collector. Together, he and his brother, Ronald Lauder, were the sole heirs to The Estée Lauder Companies cosmetics fortune, founded in 1946 by their parents, Estée and Joseph Lauder. Having been its CEO until 1999, Leonard was the chairman emeritus of The Estée Lauder Companies Inc. During his tenure as the CEO, the company went public at the New York Stock Exchange in 1996 and acquired several major cosmetics brands, including MAC Cosmetics, Aveda, Bobbi Brown, and La Mer.
In 2013, Lauder promised his collection of Cubist art to the Metropolitan Museum of Art. The collection is valued at over $1 billion and constitutes one of the largest gifts in the museum's history.
At the time of his death, Forbes estimated his net worth at US$9.7 billion.
Lauder was born in New York City on March 19, 1933, the elder son of Joseph and Estée Lauder and the elder brother of Ronald Lauder. His family is Jewish. He graduated from the Wharton School of the University of Pennsylvania, and also studied at Columbia University's Graduate School of Business before serving as a lieutenant in the United States Navy.
He joined Estée Lauder in 1958 when he was 25. He created the company's first research and development laboratory in the mid-1990s and was responsible for the company acquiring brands like MAC Cosmetics, Bobbi Brown, and Aveda. Under his leadership in the late 1980s, Estée Lauder opened its first store in Moscow with support from the Gosbank daughter, Moscow Narodny Bank in London.
In 1986, Lauder hosted a New York City luncheon attended by Donald Trump and Soviet Ambassador to the United States Yuri Dubinin during which Trump hashed out his partnership with the Kremlin.
Lauder stepped down as CEO of Estée Lauder in 1999.
Lauder gained notoriety in 2001 for creating the Lipstick index, a since-discredited economic indicator, meant to reflect a proclivity to spend money on luxury items, even in the face of crisis.