An American philanthropist and art collector, Leonard Alan Lauder was born on March 19, 1933, in Brooklyn, New York, USA.
They are the only heirs of their parents’ cosmetics fortune, which was created in 1946 by their parents, Estée Lauder and Joseph Lauder. Estée Lauder Companies Inc.’s chairman emeritus, Lauder served as the company’s CEO until 1999.
MAC Cosmetics, Aveda, Bobbi Brown, and La Mer were all bought by the company while he was CEO. In 1996, the company went public on the New York Stock Exchange.
He is the oldest son of Joseph and Estée Lauder and the older brother of Ronald Lauder.
His ancestors hail from a Jewish background. He received his undergraduate degree from the University of Pennsylvania’s Wharton School and his master’s degree in business administration from Columbia University before enlisting in the United States Navy as a lieutenant.
He joined Estée Lauder in 1958, when he was 25 years old, as a sales representative. While working for the company in the mid-1990s, he established the first research and development laboratory and helped acquire brands such as Bobbi Brown and Aveda.
When he was in charge in the late 1980s, Estée Lauder launched its first Russian store with the help of the Moscow Narodny Bank Limited, a London-based subsidiary of the Gosbank.
After stepping down as CEO of Estée Lauder in 1999, Lauder continues to serve as the company’s Chairman Emeritus and is referred to as “Chief Teaching Officer” by colleagues.
A decade ago, Lauder rose to fame with the Lipstick Index, a now-discredited gauge of consumer spending on luxuries in the face of economic hardship. At this Manhattan address, he has lived for decades. Lauder married photographer Judy Ellis Glickman on January 1, 2015.
How Much Money You Have
Profits of Leonard Lauder
Leonard Lauder receives a yearly salary of nearly $4 billion in profit from his companies. Besides his real estate holdings, Leonard Lauder has a sizable stock portfolio.
As a result of his investments, Leonard Lauder generates about $300 million a year in annual revenue. Successful investments are just one way Leonard Lauder’s wealth grows. Capital is allocated to each of these techniques in accordance with Leonard Lauder’s preferences.
To rank as the 44th richest person in the world, the Bloomberg Billionaires Index placed Lauder’s fortune at $32.3 billion in September 2021.
When he wed Evelyn Hausner, he did so in July of that year. Lauder Partners LLC’s managing director Gary and Lauder Companies executive chairman William are their two sons. Artworks from Leonard Lauder’s personal collection are on display.
Over $2 billion dollars the worth of Leonard Lauder’s artwork. Lauder is a prominent art collector, however, he prefers pieces by Picasso, Braque, Gris, and Léger more than American painters.
He’s also a big Klimt fan. Many of his works come from some of the most prestigious collections in the world.
A Lavish Way of Life
There Are Many Ways to Express Oneself Through the Arts and Culture
In the Whitney Museum of American Art, Lauder Has Been a Long-Time Supporter. After Serving on The Museum’s Acquisitions Board in 1971, He Became a Trustee in 1977,
when He Was Still the President of His Family’s Business. in 1990, He Was Elected President, and He Served as Chairman Ever Since. Among His Many Contributions to The Whitney Is a Substantial Financial One, as well as A Large Number of Works of Art. in 2008,
He Donated $131 Million to It, Making It the Museum’s Largest Donation Ever. He and His Wife, Evelyn Lauder, Have Also Supported Multiple Whitney Shows Through the Leonard and Evelyn Lauder Fund. the Couple’s Names Are Inscribed on The Fifth-Floor Permanent Collection Galleries.
His “ideal Job,” He told a New York Times Reporter in 1998, Was to Be the Director of The Whitney Museum. Lauder’s Most Recent Donation to The Whitney’s Endowment Was $131 Million.
He Was a Long-Time Supporter of The Metropolitan Museum of Art in New York City,
And He Was Instrumental in Helping to Establish a Study Centre for Modern Art There. Lauder and Other Museum Trustees and Donors Contributed $22 Million to This Endowment. Pablo Picasso,
Georges Braque, Fernand Léger, and Juan Gris Are Among the 81 Pieces of Cubist Art that He Donated to The Museum of Modern Art in April 2013.
The Total Value of The Collection Is More than $1 Billion. Described as “without a Doubt the Most Important Collection Any Private Person Has Put Together in Many,
Many Years,” by William Acquavella of Acquavella Galleries, Since 1987, Emily Braun, an Art Historian, Has Worked as Leonard Lauder’s Personal Curator. She and Rebecca Rabinow Co-Organized the 2014 Met Exhibition of Lauder’s Cubist Collection.
The Car Collection of Leonard Lauder
Leonard Lauder Has a Collection of More than A Dozen High-End Automobiles. Among Leonard Lauder’s Automobiles Are Bentleys, Rolls Royces, and Mercedes. the Following Is a List of Leonard Lauder’s Vehicles, Along with An Estimate of Their Market Value.
Price: $900,000 Usd for The Bentley Continental GT.
A Lexus Gx Priced at $160,000
$1.1 Million for A Rolls-Royce Cullinan
Sporty Range Rover – $210,000 Usd
One Million Dollar Rolls-Royce Dawn
$260k for A Porsche 911 Turbo S
Real Estate Owned by Leonard Lauder
More than Two Dozen Properties in The United States Are Owned by Leonard Lauder. Earlier This Year, Leonard Lauder Paid $37 Million for A Mansion in Florida that Is 20,000 Square Feet.
We’ve Listed a Few of Leonard Lauder’s Other Properties for your perusal.