Leonard Lauder Net Worth, Biography, Career and Achievement

Leonard Lauder Net Worth  $21 billion

Leonard Lauder is an American businessman and art collector who also happens to be one of the living billionaires in the United States. He is the chairman emeritus of The Estée Lauder Companies Incorporated and served as the chief executive officer of the establishment until 1999.

Today, the company, Estée Lauder operates a variety of brands in the cosmetic industry, including La Mer, Smashbox, Aveda, Bobbi Brown, Clinique, MAC Cosmetics, and Estée Lauder. Full details have been outlined in the article below.

Early Life: Childhood, Family, Education

He was born Leonard Alan Lauder in New York, United States, on the 19th of March 1933. His parents were Joseph and Estée Lauder, and he has a younger brother named Ronald Lauder. Theirs is a Jewish family.

For his education, Lauder attended and graduated from the Wharton School of the University of Pennsylvania. He later studied at Columbia University’s Graduate School of Business after which he joined the United States Navy, serving as a lieutenant.

Professional Life: Entrepreneurial Career

Mr. Lauder is best known for being a major art collector. His particular focus, rather than works of American artists, is on the works of the Cubist masters Picasso, Gris, Braque, and Léger.

He also collects Klimt. Back in 2012, the Museum of Fine Arts in Boston opened an exhibition of 700 of Lauder’s postcards, a tiny part of the pledged gift he has made to the institution of 120,000 postcards: The Postcard Age: Selections from the Leonard A. Lauder Collection.

In 2013, he promised his collection of 81 paintings, works on paper, and sculptures, consisting of 34 works by Pablo Picasso, 17 by Georges Braque, 15 by Juan Gris, and 15 by Fernand Léger, to the Metropolitan Museum of Art in New York.

His interest in postcards led him to be familiar with one of the proprietors of the Gotham Book Mart, a bookstore in Manhattan, and he sought to help the store re-establish its presence in the city when its owner had sold its long-time office block and needed a new space.

Leonard Lauder is the chairman emeritus of The Estée Lauder Companies Incorporated and served as the chief executive officer of the establishment until 1999. Estée Lauder now operates a variety of brands in the cosmetic industry, including La Mer, Smashbox, Aveda, Bobbi Brown, Clinique, MAC Cosmetics, and Estée Lauder.

Philanthropic Works

Mr. Lauder is involved in a number of social works as well. He is one of the founders of the Alzheimer’s Drug Discovery Foundation which he also heads as its chairman.

He is a member of the President’s Council of Memorial Sloan-Kettering Hospital, honorary chairman of the Breast Cancer Research Foundation, chairman of The Aspen Institute International Committee, a trustee of the Aspen Institute,

and a member of the Council on Foreign Relations. Along with his wife, Evelyn, the businessman contributed to creating the Breast Cancer Research Foundation and the Evelyn H Lauder Breast Center at Memorial Sloan-Kettering Cancer Center in New York City.

In February 2022, Lauder donated 125 million dollars to the University of Pennsylvania to create a new tuition-free nurse practitioner program within Penn Nursing.

Achievements: Awards and Honors

An American entrepreneur and art collector, Mr. Lauder is also a billionaire. His performances in the world of business in addition to his attitude toward social causes have made it possible for him to be recognized and acknowledged by both individuals and organizations alike.

His awards cabinet is lined up with a number of prestigious awards. Some of them include a Golden Plate Award of the American Academy of Achievement received from Awards Council member Ehud Barak in 2003, a Bronx Science Hall of Fame induction in 2017, a Women’s Leadership Award in 2019, and an induction into the World Retail Hall of Fame in 2020.

Leonard Lauder Net Worth: Salary, Income Sources, Assets

At the present time, there has been no information published on the earnings or wages collected by this businessman and art collector after the day’s job. However, several finance documentation platforms have pegged Leonard Lauder’s net worth at 21 billion dollars.

He is the chairman emeritus of the cosmetics company Estée Lauder. In addition to his net worth and big collection of arts, Mr. Lauder is also known in the open for the world-famous brand that carries his name, and for his creation of the now-discredited “lipstick index” back in 2001.

In addition to Estée Lauder, Lauder is also the chairman of the Whitney Museum of American Art. He is one of the richest people in the United States and the world at large, and even at the age of 89, this brilliant man is still keen on continuing his legacy and leaving behind a footprint for all who wish to follow and emulate his ways to success.