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William Lauder --the fifth billionaire member of the Lauder family- joins the Forbes Billionaires list with an estimated net worth of $1.2 billion. They took over the successful perfume business begun by their extraordinarily perspicacious mother Estee Lauder and built it into a global empire that made Revlon look like a scruffy second rate operation. His family is Jewish. Tagged in American Businessman. Leonard Lauder Net Worth Mr Lauder is the first son of Estee Lauder, who co-founded the eponymous beauty company with her husband, Joseph, in 1946. On January 1, 2015, Lauder married photographer Judy Ellis Glickman. Leonard Alan Lauder (born 19 March 1933) is an American billionaire, philanthropist, art collector. Leonard has made over 1 trades of the The Estée Lauder Companies stock since 2010, according to the Form 4 filled with the SEC. He and his brother, Ronald Lauder, are the sole heirs to the Estée Lauder Companies cosmetics fortune, founded by their parents, Estée Lauder and Joseph Lauder, in 1946. Today, Estée Lauder operates several brands in the cosmetic industry, including Estée Lauder, Clinique, MAC Cosmetics, Aveda, Bobbi Brown, Smashbox and La Mer. Leonard Alan Lauder (born March 19, 1933)23 is an American billionaire businessman and art collector. Lauder gifted his massive Cubist art collection, worth more than $1 billion, to the Metropolitan Museum of Art in 2013. Shares of the beauty firm rose 12% Monday, boosting the net worth of the company’s billionaire chairman and four other Lauders tied to the cosmetics firm founded by the late family matriarch Estee Lauder. The estimated Net Worth of Leonard A Lauder is at least $609 Million dollars as of 7 March 2013. The estimated Net Worth of Leonard A Lauder is at least $685 Million dollars as of 7 March 2013. Last updated: 1 November 2020 at 11:00am EST. Lauder wrote "The Company I Keep: My Life in Beauty", a memoir about his time at Estée, which will hit the shelves in November 2020. He is the chairman emeritus of The Estée Lauder Companies Inc.4 He was chief executive officer until 1999. [4][5], In 2013, Lauder promised his collection of Cubist art to The Metropolitan Museum of Art. Leonard A. Lauder serves as Chairman Emeritus of Estee Lauder Companies Inc. Robin Pogrebin and Timothy L. O'Brien (December 5, 2004). [23] Along with his wife, Evelyn, he helped create the Evelyn H Lauder Breast Center at Memorial Sloan-Kettering Cancer Center in New York City and the Breast Cancer Research Foundation. He created the company's first R&D laboratory and started acquiring brands like MAC, Bobbi Brown and Aveda in the mid-1990s. [14] It has been described by William Acquavella, of Acquavella Galleries, as "without doubt the most important collection any private person has put together in many, many years,"[22], Lauder is co-founder and chairman of the Alzheimer's Drug Discovery Foundation, a member of the Council on Foreign Relations, a trustee of the Aspen Institute, chairman of The Aspen Institute International Committee, honorary chair of the Breast Cancer Research Foundation, and a member of the President's Council of Memorial Sloan-Kettering Hospital. Leonard Lauder Net Worth Lauder gifted his massive Cubist art collection, worth more than $1 billion, to the Metropolitan Museum of Art in 2013. Most recently Leonard sold 110,220 units of EL stock worth $6,488,651 on 19 May 2010. Leonard Lauder was born on March 19, 1933 in New York, New York, United States, is Chairman Emeritus, Estée Lauder. Country. He is currently the President of the World Jewish Congress. Most recently he sold 20,000 units of EL stock worth 1,125,800$ on 24 August 2010. Having been its CEO until 1999, Lauder is 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 He currently serves as the chairman emeritus of The Estée Lauder Companies Inc. which operates several cosmetic brands such as MAC Cosmetics, La Mer, … Leonard Lauder net worth is. In 1971, he joined the museum's acquisitions board and in 1977, by then president of his family's business, he became a Whitney trustee. Most recently he sold 20,000 units of EL stock worth $1,125,800 on 24 August 2010. $9.6 Billion Leonard Lauder Wiki Biography Leonard A. Lauder was born on the 19th March 1933, in Manhattan, New York City, USA, and is a businessman who is most famous for being the heir and the former chairman of the cosmetics giant – The Estée Lauder Companies Inc., and the creator of the lipstick index. Later, the Gotham fell behind on rents, eventually resulting in Lauder and his partner to file for eviction. Last updated: 16 June 2019 at 2:36am EST. In April 2013, he promised his collection of 81 pieces of Cubist art,[20][21] consisting of 34 pieces by Pablo Picasso, 17 by Georges Braque, 15 by Fernand Léger, and 15 by Juan Gris to the museum; together, they are valued at more than one billion dollars. Big moves: Leonard Lauder up; the Waltons down. In addition to his net worth, he is also known to the public for the famous brand that bears his name, and for his creation of the since discredited “lipstick index” in 2001. The collection is valued at over $1 billion and constitutes one of the largest gifts in the museum's history. [19] The fifth-floor permanent collection galleries are named for the couple. Total net worth $ Last change $ YTD change. He made his 8300 million dollar fortune with Cosmetics, art philanthropy. In April 2016, the newly designed home of New York City's Whitney Museum of American Art was named in his honor. He is also the chairman emeritus of The Estée Lauder Companies Inc. Back then Lauder was chief executive officer until 1999. Leonard Lauder Net Worth Leonard’s net worth has been estimated to be around $9.1 billion. Leonard Lauder Net Worth Leonard Lauder biography. [25], American billionaire, philanthropist, art collector. Mr. Lauder has held various positions since formally joining the Company after serving as an officer in … Please share on social media to support us. Five Issues New York City Must Address To Reinvigorate Itself, Leonard Lauder's New Book Chronicles Estée Lauder's Rise And The Beauty Industry's Internalization, Never Make A Big Decision Without A Woman At The Table—And Other Lessons From Cosmetics Billionaire Leonard Lauder, Bachelor of Arts/Science, University of Pennsylvania. Leonard Lauder spent three decades running his family's publicly traded cosmetics giant. All Rights Reserved. [15] He donated his collection of Oilette postcards, published by Raphael Tuck & Sons, to Chicago's Newberry Library, and funded their digitization; the Newberry launched the 26,000-item Tuck digital collection in 2019. Leonard Lauder spent three decades running his family's publicly traded cosmetics giant, Estee Lauder. Posted in Investors. Wharton School of the University of Pennsylvania, Columbia University's Graduate School of Business, "A Billion-Dollar Gift Gives the Met a New Perspective (Cubist)", https://www.forbes.com/profile/leonard-lauder/?list=rtb#235d3b997354, "At Work With: Evelyn Lauder; From Pink Lipstick To Pink Ribbons", "Beginning Again: The Love Story of Leonard Lauder and Judy Glickman", "From the archives: When Trump hoped to meet Gorbachev in Manhattan", "Trump's Russian Connections, A Handy Timeline", "Cubism, Which Changed Art, Now Changes the Met", "Leonard Lauder's Postcard Collection at the Museum of Fine Arts : The New Yorker", "The Newberry Releases Digital Collection of 26,000 Early 20th-Century Postcards | Newberry", "Again, Gotham Book Mart Finds Itself in Need of Rescue", "Leonard Lauder to Head Whitney Museum Board", The Leonard A. Lauder Cubist Collection, Metropolitan Museum of Art, "A Collector's Personal Perspective, A Met Exhibition Spotlights a Lauder Trove of Cubism", "Leonard Lauder's art collection: Focus, focus, focus", "Golden Plate Awardees of the American Academy of Achievement", "2003 Summit Highlights Photo: Members of the American Academy of Achievement, philanthropist and entrepreneur Leonard A. Lauder, and the former Majority Leader of the U.S. Senate, the Honorable George J. Mitchell, at the Banquet of the Golden Plate", "Leonard Lauder '50 and Ronald Lauder '61, Leaders of Estée Lauder come back to Bronx Science to discuss their achievements", "Leonard A. Lauder to be Honored with Women's Leadership Award at Lincoln Center Gala", "Estée Lauder Chairman Emeritus Leonard A. Lauder Inducted into the World Retail Hall of Fame", The Pleasure of Postcards in The New Yorker, https://en.wikipedia.org/w/index.php?title=Leonard_Lauder&oldid=995786639, American people of Hungarian-Jewish descent, Wharton School of the University of Pennsylvania alumni, People associated with the Whitney Museum of American Art, Wikipedia articles with SELIBR identifiers, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, This page was last edited on 22 December 2020, at 21:56. He was CEO of Estee Lauder for 5 decades and created an international leader in beauty. The Leonard Lauder net worth and salary figures above have been reported from a number of credible sources and websites. In addition, he makes $2,864,390 as Chairman Emeritus at The Estée Lauder Companies. Lauder had been wealthy for decades; now, with an estimated net worth of US$24.6 billion, he’s become one of the richest people in the world. Lauder stepped down as CEO in 1999 but remains chairman emeritus. Leonard has made over 1 trades of the The Estée Lauder Companies stock since 2013, according to the Form 4 filled with the SEC. Leonard Lauder's autobiography is an exciting chronicle of his life. Leonard Lauder Net Worth 2018, Biography/Wiki, Married/Wedding Along with his net worth, he’s also known to people for the well-known brand that bears his name, as well as for his creation of the since discredited “lipstick index” in 2001. [16], Lauder's interest in postcards led him to be acquainted with one of the owners of the Gotham Book Mart, a Manhattan bookstore, and he sought to help the Gotham re-establish its presence in the city when the owner had sold its long-time building and needed a new space. More than 200 mid-market CEOs and industry experts are gathered at the Wharton School at the University of Pennsylvania to connect with each other and share ideas, resources and opportunities that can help them scale their businesses through strategic points of inflection. [9] For many years, he has resided on the Upper East Side in Manhattan. Let us celebrate the business and cultural achievements of Leonard and Ronald Lauder. He and his brother, Ronald, co-chair the Alzheimer's Drug Discovery Foundation, which has awarded over $100 million to fund trials in 18 countries. [2] Having been its CEO until 1999, Lauder is the chairman emeritus of The Estée Lauder Companies Inc.[3] 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. By Chloe Sorvino Forbes Staff Aug 14, 2012 Leonard A. Lauder serves as Chairman Emeritus of the Company. He and his brother, Ronald Lauder, are the sole heirs to the Estée Lauder Companies cosmetics fortune, founded by their parents, Estée Lauder and Joseph Lauder, in 1946. He also collects Klimt. Leonard Lauder Net Worth Leonard Lauder biography. Father Name: Joseph Lauder; Leonard Lauder Age: 87 years; Net Worth: 1,480 crores USD; Children: William P. Lauder; Wife: Judy Ellis Glickman , Evelyn Lauder; If you like this article, then share it with your friends and social media accounts. In 1998, he told a reporter for The New York Times that his "dream job" was to be the Whitney Museum's director. Article first published on April 20, 2020. All Rights Reserved, Chairman Emeritus, The Estée Lauder Companies, Photo by Sean Zanni/Patrick McMullan via Getty Images, Reflects change since 5 PM ET of prior trading day. The billionaire donates $131 million to New York's Whitney Museum. Lauder bought a building at 16 East 46th Street along with a partner, letting the building's storefront space to the Gotham. However, there are several factors that affect a celebrity’s net worth, such as taxes, management fees, investment gains or losses, marriage, divorce, etc. $160B +$436M +$133B … He was Chairman of the Board of Directors and served as the Company's Chief Executive Officer and President. Leonard Alan Lauder (born 19 March 1933) is an American billionaire, philanthropist, art collector. Leonard Lauder Net Worth Leonard Lauder biography. The announcement that the Pfizer-BioNTech vaccine could be up to 90% effective against the coronavirus led to a surge in BioNTech’s stock, adding billions to the net worths of its founder Uğur Şahin and its largest investors, Thomas and Andreas Struengmann. [11][12][13], Lauder is a major art collector (he began by buying Art Deco postcards when he was six), but his particular focus, rather than on American artists, is on works by the Cubist masters Picasso, Braque, Gris, and Léger. These issues, many brewing even before the pandemic laid waste to several sectors of our economy, including jobs, anti-business feeling, housing, quality of life, and crime. © 2020 Forbes Media LLC. A long-time supporter of the Metropolitan Museum of Art in New York City, Lauder led the creation of a research center for Modern art at the museum, which he helped support through a $22 million endowment made alongside museum trustees and other benefactors. He stepped down as CEO in 1999 but remains chairman emeritus. [1] Through the Leonard and Evelyn Lauder Fund, he and his wife have also sponsored several exhibitions at the Whitney. All along both billionaire brothers used [...]. He was Chairman of the Board of Directors from 1995 through June 2009 and served as company Chief Executive Officer from 1982 through 1999 and President from 1972 until 1995. 1 Jeff Bezos. New York City has a number of issues to address in order to reinvigorate and burnish its global stature. $192B +$5.92B +$76.8B United States Technology 2 Elon R Musk. He married Evelyn Hausner in July 1959. His 2008 donation to it of $131 million is the largest in the museum's history. He was Chairman of the Board of Directors from 1995 through June 2009 and served as company Chief Executive Officer from 1982 through 1999 and President from 1972 until 1995. [8] They had two sons: William, executive chairman of the Estée Lauder Companies, and Gary, managing director of Lauder Partners LLC. [10], 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. In a much-publicized closure of the bookstore, the New York City Marshal later auctioned the store's inventory, which was bought in a lot by Lauder and his partner to some protest from many other independent book sellers and collectors who were present at the proceedings and hoping to purchase some of the bibliophilic treasures.[17]. Leonard A. Lauder serves as Chairman Emeritus of Estee Lauder Companies Inc. In an interview in The New Yorker, Lauder explained how postcards turned him into a collector, and how these "mini-masterpieces" remained his lifelong pursuit to the point where his late wife, Evelyn, called the collection his "mistress". The economist is married to Evelyn Hausner, his starsign is Pisces and he is now 87 years of age. [24], Lauder's memoir, The Company I Keep: My Life in Beauty was published in 2020. He formally joined Estée Lauder in 1958 when he was 25. Mr. L. Lauder is Chairman Emeritus of the Company. There's only one billionaire couple that Forbes has found, who has donated directly to both Biden's and Trump's campaigns. Industry. From Laurene Powell Jobs to Connie Ballmer, the wife of LA Clippers owner Steve Ballmer, here are the top 5 richest Americans supporting a Biden presidency. With backing from some of biotech's biggest players, Alector, a startup taking on Alzheimer's disease announced Wednesday that it has raised $133 million in a Series E funding round. He was Chairman of the Board of Directors from 1995 through June 2009 and served as company Chief Executive Officer from 1982 through 1999 and President from 1972 until 1995. Mr. Lauder owns over 250,000 units of The Estée Lauder Companies stock worth over $665,609,162 and over the last 8 years he sold EL stock worth over $16,422,500. Leonard Lauder net worth : Leonard Lauder the chairman emeritus of cosmetics brand Estée Lauder, has a net worth of $8.3 billion. Leonard Lauder Net Worth Leonard Lauder biography. Leonard has made over 46 trades of the The Estée Lauder Companies stock since 2003, according to the Form 4 filled with the SEC. He was Chairman of the Board of Directors and served as the Company's Chief Executive Officer and President. Much of his art comes from some of the world's most celebrated collections, including those of Gertrude Stein, the Swiss banker Raoul La Roche, and the British art historian Douglas Cooper. [18] He became president in 1990[19] and has been chairman since 1994. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation With Forbes Insights, Three Billionaires Behind Pfizer's Vaccine Partner BioNTech Are $2 Billion Richer After It Announces Covid-19 Vaccine Results, Meet The Billionaire Couple Who’s Donated To Trump And Biden, Newcomers: These 19 Billionaires Join The Forbes 400 List In 2019, Fortunes Of Five Lauder Family Members Rise A Combined $3.1 Billion Following Strong Estée Lauder Earnings Report, Quick Hits From Day One Of The Mid-Market CEO Convention, AbbVie-Backed Startup Raises $133 Million To Fight Alzheimer's With Immunotherapy, Bill Gates Announces Further Investment In Alzheimer's Research, Taking On Disease Detection, Breast Cancer Research Foundation Raises $6,000,000, The Lauder Brothers Are A Throwback To World Class Art Collectors Like Frick, Mellon, Morgan, Lehman And Annenberg, Leonard Lauder's $1.1 Billion Cubist Art Gift To Met Is One Of Largest Donations In History, Billionaire Scorecard: Leonard Lauder Up, The Waltons Down. Leonard Lauder On 19-3-1933 Leonard Lauder (nickname: Leonard) was born in United States. Leonard Lauder (Leonard Alan Lauder) is an American billionaire businessman and also a art collector with a net worth of $13.2 billion. From MacKenzie Bezos to Tim Sweeney, here are the 19 billionaires who grabbed a spot on this year’s list of the wealthiest Americans. [3] He is a graduate of the Wharton School of the University of Pennsylvania, and he also studied at Columbia University's Graduate School of Business before serving as a lieutenant in the U.S. Navy. Mr. L. Lauder is Chairman Emeritus of the Company. He has donated both money and many works of art to the Whitney, and is the museum's most prolific fundraiser. Most recently, Lauder gave $131 million for the Whitney's endowment. [3] 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 Bio, Age, Net Worth, Sons, Judy Glickman, Collection. The elder son of makeup maven Estée Lauder, 87-year-old Lauder reflects on his legacy and the company he helped grow into a multibillion-dollar global giant. Leonard A. Lauder serves as Chairman Emeritus of the Company. [6], Forbes reported that Lauder's net worth has been estimated to be USD$17.4 billion as of July 26, 2020 making him 76th richest person in the world. Leonard Lauder net worth: Leonard Lauder the chairman emeritus of cosmetics brand Estée Lauder, has a net worth of $21 billion.In addition to his net worth, he … Leonard A. Lauder serves as Chairman Emeritus of Estee Lauder Companies Inc. Most recently he sold 250,000 units of EL stock worth … [7], Leonard Lauder is the elder son of Joseph and Estée Lauder and the elder brother of Ronald Lauder. Leonard Lauder Net Worth Leonard Lauder biography. American businessman Leonard Lauder has an estimated net worth of $19 billion in June 2019. Therefore, the above worth, income or earnings statistics may not be 100% accurate. American billionaire heiress Aerin Lauder, 50, is isolating in the Hamptons and has shared a look inside her glam home once owned by her late grandmother Estée on Instagram. The eldest son of the eponymous makeup maven, Lauder joined his mother's company in 1958. Microsoft cofounder Bill Gates revealed more of his plan to invest in Alzheimer's disease research on Tuesday. Leonard Lauder (brother) Alma mater: The Wharton School of the University of Pennsylvania : Occupation: Chairman Emeritus of Estée Lauder Companies: Net worth: US$4.3 billion (August 2019) Ronald Steven Lauder (born February 26, 1944) is an American businessman, billionaire, philanthropist, art collector, and political activist. Leonard has made over 46 trades of the Estee Lauder Cos stock since 2003, according to the Form 4 filled with the SEC. The eldest son of the eponymous makeup maven, Lauder joined his mother's company in 1958. [14], In autumn, 2012, the Museum of Fine Arts, Boston opened an exhibition of 700 of his postcards, a tiny part of the promised gift he has made to the museum of 120,000 postcards: The Postcard Age: Selections from the Leonard A. Lauder Collection. With the gift of his jaw-dropping collection of Cubist art to the Metropolitan Museum in New York City, Leonard Lauder becomes the 24th person to give $1 billion or more in his lifetime. © 2020 Forbes Media LLC. Lauder has long been a major benefactor of the Whitney Museum of American Art. He is known around the company as "Chief Teaching Officer". Leonard Lauder Net Worth. Lauder up ; the Waltons down business and cultural achievements of leonard and Ronald Lauder worth leonard ’ s worth! Chairman since 1994 estimated net worth and salary figures above have been reported from a of... 1990 [ 19 ] and has been estimated to be around $ 9.1 billion of... 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