Leonard Lauder
New York, New York
Bachelor of Arts/Science, University of Pennsylvania
United States
The Estée Lauder Companies
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Estee Lauder
$17,600,000,000
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#82 Billionaires 2019
#35 Forbes 400 2018
Leonard Lauder spent three decades running his family's publicly traded cosmetics giant. He stepped down as CEO in 1999 but remains chairman emeritus.The eldest son of the eponymous makeup maven, Lauder joined his mother's company in 1958.He created the company's first R&D laboratory and started acquiring brands like MAC, Bobbi Brown and Aveda in the mid-1990s. Today, Lauder is known around the company as "Chief Teaching Officer".He and Ronald Lauder co-chair the Alzheimer's Drug Discovery Foundation, which funds a $30 million research initiative in Alzheimer's diagnostics.
Lauder gifted his massive Cubist art collection (worth more than $1 billion) to the Metropolitan Museum of Art in 2013.In April 2016, the newly designed home of New York City's Whitney Museum of American Art was named in his honor.
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