Leonard Lauder
American billionaire and philanthropist (1933–2025)
Leonard Alan Lauder (March 19, 1933 – June 14, 2025) was an American billionaire, philanthropist and art collector. Together, he and his brother, Ronald Lauder, were the sole heirs to the Estée Lauder Companies cosmetics fortune, founded in 1946 by their parents, Estée and Joseph Lauder.2
From Wikipedia’s article on Leonard Lauder (this version), CC BY-SA 4.0.
Born Mar 19, 1933, died Jun 14, 2025.1
Net worth $14.6B (as of 2019, per The World's Billionaires).16 Richest people
About
Having been its CEO until 1999, Leonard was the chairman emeritus of the Estée Lauder Companies. During his tenure as the CEO, the company went public at the New York Stock Exchange in 1996 and acquired several major cosmetics brands, including MAC Cosmetics, Aveda, Bobbi Brown, and La Mer.
In 2013, Lauder promised his collection of Cubist art to the Metropolitan Museum of Art. The collection is valued at over $1 billion and constitutes one of the largest gifts in the museum's history.
At the time of his death, Forbes estimated his net worth at US$9.7 billion.
From Wikipedia’s article on Leonard Lauder, shared under CC BY-SA 4.0.2
Companies
Early life and education
- Date not recordedColumbia Business School3
- Date not recordedColumbia University3
- Date not recordedThe Wharton School3
Lauder was born in New York City on March 19, 1933, the elder son of Joseph and Estée Lauder and the elder brother of Ronald Lauder. His family is Jewish. He graduated from the Wharton School of the University of Pennsylvania, and also studied at Columbia University's Graduate School of Business before serving as a lieutenant in the United States Navy.
From Wikipedia’s article on Leonard Lauder (this version), CC BY-SA 4.0.
Career
Occupation: philanthropist, entrepreneur, art collector, military officer, businessperson, deltiologist.5
- Date not recordedFounded Origins Natural Resources, Inc.4
Known for: The Leonard A. Lauder Cubist Collection.6
He joined Estée Lauder in 1958 when he was 25. He created the company's first research and development laboratory in the mid-1990s and was responsible for the company acquiring brands like MAC Cosmetics, Bobbi Brown, and Aveda. Under his leadership in the late 1980s, Estée Lauder opened its first store in Moscow with support from the Gosbank daughter, Moscow Narodny Bank in London.
In 1986, Lauder hosted a New York City luncheon attended by Donald Trump and Soviet Ambassador to the United States Yuri Dubinin during which Trump hashed out his partnership with the Kremlin.
Lauder stepped down as CEO of Estée Lauder in 1999.
Lauder gained notoriety in 2001 for creating the Lipstick index, a since-discredited economic indicator, meant to reflect a proclivity to spend money on luxury items, even in the face of crisis.
From Wikipedia’s article on Leonard Lauder (this version), CC BY-SA 4.0.
Personal life
- BornMar 19, 1933, New York City7 8
- DiedJun 14, 2025, Upper East Side9
- CitizenshipUnited States10
- SpousesEvelyn Lauder 1959 to 201111; Judith Glickman Lauder 2015 to 202511 12
- Children213
Lauder 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. For many years, he resided on the Upper East Side of Manhattan.
In 2015, four years after Evelyn died from nongenetic ovarian cancer, Lauder married photographer Judy Glickman. Glickman was the widow of one of Lauder’s closest friends, Albert Glickman. The two were married for a decade until Lauder’s death on 14 June 2025.
Lauder, unlike his brother, supported Kathy Hochul's first campaign for New York governor in 2022.
Lauder died at his home in Manhattan, New York City on June 14, 2025, at the age of 92.
Read more
Memoir
Lauder's memoir, The Company I Keep: My Life in Beauty was published in 2020.
From Wikipedia’s article on Leonard Lauder (this version), CC BY-SA 4.0.
Philanthropy
Arts and culture
Lauder had 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 was chairman beginning in 1994. He donated both money and many works of art to the Whitney, and was the museum's most prolific fundraiser. His 2008 donation of $131 million is the largest in the museum's history. Through the Leonard and Evelyn Lauder Fund, he and his wife 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.
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," Art historian Emily Braun, who co-organized the 2014 Met exhibition of Lauder's Cubist collection with Rebecca Rabinow, was Lauder's personal curator from 1987 onwards.
Social causes
Lauder was co-founder and chairman of the Alzheimer's Drug Discovery Foundation, a member of the Council on Foreign Relations, a trustee of the Aspen Institute, chairman of The Aspen Institute International Committee, honorary chair of the Breast Cancer Research Foundation, and a member of the President's Council of Memorial Sloan-Kettering Hospital. Along with his wife, Evelyn, he helped create the Evelyn H Lauder Breast Center at Memorial Sloan-Kettering Cancer Center in New York City and the Breast Cancer Research Foundation. In February 2022, he donated $125 million to University of Pennsylvania to establish a new tuition-free nurse practitioner program within University of Pennsylvania School of Nursing.
From Wikipedia’s article on Leonard Lauder (this version), CC BY-SA 4.0.
Links
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataLeonard Lauder on Wikidata
- 2WikipediaLeonard Lauder on Wikipedia
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- 12Wikidataspouse, as reported
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- 16WikidataNet worth