Leonard Lauder

About Leonard Lauder

Who is it?: Chairman Emeritus, Estée Lauder
Birth Day: March 19, 1933
Birth Place: New York, New York, United States
Birth Sign: Aries
Residence: Manhattan, New York City, U.S
Alma mater: University of Pennsylvania (BS) Columbia University (MBA)
Occupation: Businessman, art collector, humanitarian
Known for: Chairman Emeritus of Estee Lauder
Spouse(s): Evelyn Hausner (1959-2011 her death 2 sons) Judy Ellis-Glickman (2015-)
Children: William P. Lauder Gary Lauder
Parent(s): Joseph & Estée Lauder
Relatives: Ronald Lauder (younger brother)

Leonard Lauder Net Worth

Leonard Lauder was bornon March 19, 1933 in New York, New York, United States, is Chairman Emeritus, Estée Lauder. 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".
Leonard Lauder is a member of Service

💰 Net worth: $14.3 Billion (Updated at 22 June 2018)

2009 $3 Billion
2010 $4.2 Billion
2011 $6.3 Billion
2012 $7.7 Billion
2013 $7.6 Billion
2014 $8.2 Billion
2015 $8.4 Billion
2016 $9 Billion
2017 $8.9 Billion
2018 $13.55 Billion

Some Leonard Lauder images

Biography/Timeline

1958

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. He formally joined Estée Lauder in 1958 when he was 25.

1959

Leonard Lauder is the elder son of Joseph and Estée Lauder and the elder brother of Ronald Lauder. His family is Jewish. He married Evelyn Hausner in July 1959. They had two sons: william, executive chairman of the Estée Lauder Companies, and Gary, managing Director of Lauder Partners LLC.

1971

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. Lauder bought a building at 16 East 46th Street along with a partner, letting the building's storefront space to the Gotham. Later, the Gotham fell behind on rents, eventually resulting in Lauder and his partner to file for eviction. 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. Lauder has long been a major benefactor of the Whitney Museum of American Art. 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. He became President in 1990 and has been chairman since 1994. He has donated both money and many works of art to the Whitney, and is the museum's most prolific fundraiser. His 2008 donation to it of $131 million is the largest in the museum's history. Through the Leonard and Evelyn Lauder Fund, he and his wife have also sponsored several exhibitions at the Whitney. The fifth-floor permanent collection galleries are named for the couple. In 1998, he told a reporter for The New York Times that his "dream job" was to be the Whitney Museum's Director. Most recently, Lauder gave $131 million for the Whitney's endowment.

1999

He is the chairman emeritus of The Estée Lauder Companies Inc. He was chief executive until 1999. Today, Estée Lauder operates several brands in the cosmetic industry, including Estée Lauder, Clinique, MAC Cosmetics, Aveda, Bobbi Brown, Smashbox and La Mer.

2001

Lauder gained notoriety in 2001 for creating the Lipstick index, a since discredited economic indicator.[6]

2012

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. 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".

2013

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. In April 2013, he promised his collection of 81 pieces of Cubist art, 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. 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,”

2015

On January 1, 2015, he married Photographer Judy Ellis Glickman.