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Leonard Lauder is an American businessman and art collector. He is the son of Estée Lauder, founder of the Estée Lauder Companies.
Leonard Lauder has a net worth of $8.1 billion, according to Forbes. He inherited his father’s stake in the Estée Lauder Companies and has served as its chairman since 2004.
Leonard Lauder began his career at the Estée Lauder company in 1961, working in various divisions of its manufacturing and distribution.
He became president of the Estée Lauder Company in 1983, CEO in 1986, and chairman of the board in 1999. Upon joining the company full-time, he took charge of revitalizing the then-flagging company.
Leonard Lauder is also a noted art collector. He has been a trustee of the Museum of Modern Art since 1992 and was chairman from 2004 to 2011. In 2006, he donated his collection of 88 Cubist paintings to the museum.
The collection is estimated to be worth $1 billion.
In September 2014, Leonard Lauder was one of a handful of billionaires who pledged to donate the majority of their wealth throughout their lifetimes.
In an open letter to the ‘economically challenged’ signed by 32 billionaires including Lauder, Warren Buffett, and Mark Zuckerberg they said “many giving opportunities exist right now that can make an immediate difference in the lives of people who are struggling.”
Leonard Lauder Net Worth: Who is Leonard Lauder?
Leonard Lauder is a business magnate and the son of Estée Lauder, the founder of cosmetics company Estée Lauder. He is the former chairman of the board of directors of the company and currently serves as its honorary chairman.
Lauder also has a significant stake in duty-free retailer Duty-Free Shoppers (DFS Group) and he sits on the company’s board of directors.
In 2009, Lauder partnered with former New Jersey governor Christine Todd Whitman in a bid to purchase the New York Islanders ice hockey team from owner Charles Wang.
In Spring 2017, Leonard Lauder recently donated a new theater at the Whitney Museum that is dedicated to displaying modern art exhibits.
Of the $131 million donations, the largest in the museum’s history, $100 million will go towards the construction of the new theater and the other $31 million will be used to endow its programming.
Lauder is also a noted philanthropist, having donated millions of dollars to various causes over his lifetime.
In 2009, he and his sister, Evelyn, donated their mother’s original 1934 Hyde Park townhouse to the Museum of Modern Art.
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Net Worth of Leonard Lauder :
According to Forbes, Leonard Lauder has a net worth of $8.1 billion as of March 2018
In 2009, he was listed as number 11 on the Forbes list of The World’s Richest People.
In 2014, Lauder ranked 325th in the Sunday Times Rich List with £3.2 billion. In 2016, Lauder ranked 273rd with a net worth of $7.5 billion.
In addition to his role at Estee Lauder, Lauder is also known for his philanthropic efforts.
Through the Leonard and Evelyn Lauder Foundation, he has donated large amounts to educational institutions including the University of Pennsylvania, Harvard Business School, Brandeis University, New York University Stern School of Business, Johns Hopkins Bloomberg School of Public Health, Mount Sinai Hospital’s Children’s Cancer Research Institute, and the Museum of Modern Art, which named one of its wings for him.
In 2014 he donated $75 million to the Museum of Contemporary Art in Los Angeles.
Career and Education
Leonard Lauder is an American businessman and art collector. He is the co-founder of the cosmetics company Estée Lauder and chairman of the board of the Metropolitan Museum of Art.
Lauder was born in New York City, the son of Estée Lauder and Joseph Lauder, who both founded Estée Lauder Companies. He graduated from The Wharton School of the University of Pennsylvania in 1957.
After working for his father’s company for a few years, Lauder founded Clinique Laboratories, Inc. with William P. Lauder and Norman Orentreich in 1968. The company was acquired by Estée Lauder in 1968.
Lauder is also a well-known art collector. His collection includes works by Pablo Picasso, Henri Matisse, and Andy Warhol.
In 2004, Lauder was appointed chairman of the board of trustees of the Metropolitan Museum of Art. He has also served as vice-chairman and president of the museum.
Lauder is a member of the American Academy of Arts and Sciences, the Harvard Business School Board of Dean’s Advisors, and is on the board of directors of the New York City Ballet. He also serves as vice-chairman of the World Policy Institute at The New School.
He was awarded an honorary knighthood (KB) by Queen Elizabeth II on March 19, 2004, at Buckingham Palace for his efforts to preserve historic art.
Lauder is married to Jo Carole Lauder (née Knopf), a philanthropist, arts patron, and author. Their daughter Jane Lauder Warsh serves as Chief Investment Officer of The Estée Lauder Companies Inc.
They reside in New York City and East Hampton, New York.
Leonard Lauder attended the Wharton School of the University of Pennsylvania, where he earned his bachelor’s degree in economics.
After working in his father’s business for a few years, he enrolled at New York University School of Law, from which he graduated in 1961.
Lauder then began working as an attorney at the law firm Kaye, Scholer, Fierman, Hays & Handler.
In 1968, Mr. Lauder opened his law firm. The next year he established a cosmetics company that would eventually become a multi-billion dollar enterprise: the Estée Lauder Companies Incorporated.
At the time, Lauder’s father was chairman of the corporation and Leonard served as president.
In 1973, he was named chief executive officer and became the first member of the family to serve in that capacity. He held that position until he retired in 1995.
Since retiring from Estée Lauder, Leonard Lauder has become one of the world’s leading philanthropists.
In 1998, he and his wife established the Leonard A. Lauder Foundation, which funds arts and education programs in the United States and Israel. The foundation has awarded over $1.1 billion in grants since its inception.
In 2004, Lauder established the Estée Lauder Fund for Women’s Cancer Research, which has raised over $60 million to support research on ovarian and breast cancer.
That same year, he and his wife also founded the Jewish Museum in New York City. Lauder served as the museum’s chairman until 2008.
The Lauders have also supported many other charities through their foundation, including American Ballet Theater, Asia Society, The Breast Cancer Research Foundation, Carnegie Hall, The Central Park Conservancy, Film Forum, The Frick Collection, Harvard University Library, The Whitney Museum of American Art, and many others.
Achievements
Leonard Lauder is one of the most successful businessmen in the world.
He is the co-founder and chairman of Estée Lauder Companies, a global manufacturer and marketer of skin care, fragrance, and hair care products.
The company was founded by his mother, Estée Lauder, and her uncle, Joseph Lauder, in 1946.
Lauder is also a noted philanthropist. He and his wife, Evelyn, have donated more than $1.1 billion to various causes over the years.
In 2004, they established the Leonard and Evelyn Lauder Foundation to support education, health care, and arts organizations around the world.
Lauder has been recognized for his achievements in business and philanthropy many times over the years.
In 2006, he was inducted into the Junior Achievement U.S. Business Hall of Fame.
In 2007, he received the Humanitarian Award from the Breast Cancer Research Foundation. And in 2010, he was honored with the first-ever Global Leadership Award from the Simon Wiesenthal Center.
“My goal in business has always been the same – to build a global company, based on beauty products of unquestioned quality and value that improve the lives of consumers,” he said.
Leonard Lauder In News :
- Leonard Lauder reveals successful people are first to arrive at work, last to leave
- Billionaire Leonard Lauder’s surprising business tip: Don’t hire your friends
Leonard Lauder Interviews :
FAQs on Leonard Lauder :
How Much is Leonard Lauder Worth?
Leonard Lauder is worth an estimated $4.1 billion as of 2019, making him one of the richest people in the world. His net worth has grown significantly over the years, thanks to his many successful business ventures.
What is Leonard Lauder's human value?
Leonard Lauder will always be worth at least $4.1 billion, no matter what happens with the economy or stock market. No one has succeeded in lowering his net worth so far. He is a very shrewd businessman and has several valuable assets that are unlikely to disappear any time soon.
What is Leonard Lauder's liquid net worth?
Leonard Lauder's liquid net worth is estimated to be around $2.5 billion. This is the amount of money he could easily access if he needed to, through selling a portion of his assets or finding a buyer for his business.
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Conclusion: Leonard Lauder Net Worth 2024
Leonard Lauder is one of the most elegant business tycoons and investors.
He is a big name in the market industry and this man has conducted some very successful investments.
He is also among those handfuls of people who were successful in trading with their self made wealth since they began their careers. Lauding leadership has brought him success, which is beyond comparison.
