Leonard Lauder[table border=”0″]Net Worth, $8.1 Billion,,,
Source of Wealth, Chairman Emeritus of Estee Lauder,,,
The American billionaire Leonard Lauder has an estimated net worth of $8.1 billion. Lauder obtained his undergraduate degree at the Wharton School of the University of Pennsylvania. Prior to joining the US Navy, he was a student at the Graduate School of Business at Columbia University.
Lauder is the son of Estée Lauder, who along with her husband Joseph, founded the internationally renowned cosmetics company Estée Lauder Companies. Leonard Lauder joined the company at the age of 25 in 1958. His wealth has come from this legacy and his position in the company. Prior to 1999, he was the CEO of the conglomerate. Today, he holds the position of chairman emeritus. Estée Lauder Companies are in charge of more than the Estée Lauder brand. Some of their subsidiaries include MAC Cosmetics, Aveda, Clinique, La Mer, and Bobbi Brown.
The creatively minded Leonard Lauder used to have a large private collection of Cubist paintings. Along with the impressive 78 works were paintings by Pablo Picasso, Juan Gris, and Fernand Léger. In April 2013, he donated this unique collection to New York City’s Metropolitan Museum of Art.