Leonard Lauder Net Worth is$7.1 Billion
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Date of Birth: Mar 19, 1933

Nicknames: Leonard A Lauder

Ethnicity: Jewish people

Country: United States of America

Net Worth: View Leonard Lauder Net Worth

Leonard Lauder net worth: Leonard Lauder the chairman emeritus of cosmetics brand Estée Lauder, has a net worth of $7.1 billion. 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 “lipstick index” is an economic indicator posited by Lauder based on the idea that lipstick and other cosmetics supposedly sold better in times of economic distress. It was Lauder’s theory that women tended to purchase more lipstick in lieu of more expensive items like dresses and shoes. However, this idea was largely discredited in the intervening years since 2001, as lipstick and other cosmetics sold less in the face of economic downturn. In addition to Estée Lauder, he is also the chairman of the Whitney Museum of American Art – he has stated publicly that his “dream job” would be to serve as the director of the museum. He also became somewhat notorious due to his association with the famous Gotham Book Mart. After purchasing a building specifically to lend storefront space to the bookstore’s owners, he later filed for eviction after they fell behind in rent payments, eventually purchasing all of the store’s inventory at once.
Leonard A. Lauder (born March 19, 1933) is an American businessman. 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 cosmetics industry including Estée Lauder, Clinique, MAC Cosmetics, Aveda, Bobbi Brown and La Mer. Leonard Lauder gained notoriety in 2001 for creating the Lipstick index, a since discredited economic indicator.
Leonard Lauder comes from the Lauder family, a prominent American Jewish family of Hungarian and Czechoslovak descent in the cosmetics business; he is the son of Joseph and Estée Lauder, and the older brother of Ronald Lauder. 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.
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. He served as a lieutenant in the U.S. Navy. He formally joined Estée Lauder in 1958.
Leonard Lauder has long been a major benefactor of the Whitney Museum of American Art, where he 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. The fifth floor permanent collection galleries are named for him and his wife, Evelyn. 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.
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. He also collects Klimt.
Lauder's interest in postcards led him to be acquainted with one of the owners of the Gotham Book Mart, a well-known Manhattan bookstore, and he sought to help th

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Leonard Lauder Latest News

Poppy King on the fear of failure in Australian business: “They can’t get past it”

After the collapse of Poppy Industries she relocated to New York, where she says chairman of Estee Lauder, Leonard Lauder, identified her as key talent and saw her back story as compelling. “I was trusted by somebody very important and very powerful ...
Posted: August 6, 2017, 7:14 pm

Five of the Weirdest (and Most Dangerous) Market Predictors Used Today

In the wake of the Sept. 11 attacks in 2001, and as the U.S. economy deflated, Leonard Lauder – the chair of Estee Lauder Co. Inc. (NYSE: EL) – noticed that his company was selling more lipstick than usual. So he hypothesized that lipstick purchases ...
Posted: August 11, 2017, 10:21 am

Despite Budget Issues, Leonard Lauder Committed to Met Donation Plans

The New York Times reports that, despite budget shortfalls and postponed construction on a new wing for the Leonard Lauder collection at The Met, the cosmetics tycoon and philanthropist remains committed to donating his landmark holdings to the museum.
Posted: July 5, 2017, 8:24 am

Is Aby Rosen's New Four Seasons a Success?

And the pumpernickel bread is really off the charts.” Clockwise from top left: Christine Schwarzman and Leonard Lauder (on her left); Alberto Mugrabi and Agnes Gund; Gus Wenner and Zac Posen; Daniel Romuldez, Michael Meagher, Jacqueline Schnabel ...
Posted: August 10, 2017, 10:02 am

Product Watch: August lip trends

The term was coined by Leonard Lauder, son and CEO of Estée, in 2001. Subsequent monitoring of sales surges show lipstick to be a less than solid economic indicator but, given that research conducted over the same period found that wearing it seems to ...
Posted: August 12, 2017, 7:06 am
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