American business magnate, philanthropist, and art collector Leonard Lauder was born on March 19, 1933. The Estée Lauder Companies cosmetics fortune was started by their parents, Estée Lauder and Joseph Lauder, in 1946, and he and his brother, Ronald Lauder, are the only heirs to it.
Lauder is the chairman emeritus of The Estée Lauder Companies Inc. and served as its CEO up until 1999. In 1996, the business went public on The New York Stock Exchange under his leadership, and during that time, it also bought several significant cosmetics brands, including MAC Cosmetics, Aveda, Bobbi Brown, and La Mer.
In 2013, Lauder promised The Metropolitan Museum of Art his collection of Cubist artwork. One of the largest gifts in the museum’s history, the collection is valued at over $1 billion. As of September 2021, according to the Bloomberg Billionaires Index, Lauder has a net worth of $32.3 billion, ranking him as the 44th richest person in the world.
Leonard Lauder Bio/Wiki
The 19th of March, 1933, saw the birth of Leonard Alan Lauder in New York. Lauder is Ronald Lauder’s older brother and the eldest child of Joseph and Estée Lauder. His relatives are Jews. In 1999, Lauder resigned from his position as CEO of Estée Lauder, although he is still the company’s Chairman Emeritus and is referred to as the “Chief Teaching Officer” within the organisation.
In the cosmetics sector, Estée Lauder is the owner of a large number of brands, including Estée Lauder, Clinique, MAC Cosmetics, Aveda, Bobbi Brown and Smashbox, and La Mer. Lauder pledged his collection of 81 Cubist paintings, works on paper, and sculptures—which included 34 works by Pablo Picasso, 17 by Georges Braque, 15 by Fernand Léger, and also 15 by Juan Gris—to the Metropolitan Museum of Art in New York City in April 2013.
Leonard Lauder Education
Before serving as a lieutenant in the U.S. Lauder attended the Graduate School of Business at Columbia University in addition to the University of Pennsylvania’s Wharton School.
Lauder is a significant art collector, however, he prefers to concentrate on the works of the master Cubists Picasso, Braque, Gris, and Léger above those by American artists. He also has a Klimt collection. A small portion of the promised gift of 120,000 postcards he has given to the museum, the Museum of Fine Arts, Boston, held an exhibition in 2012 featuring 700 of his postcards: Selections from the Leonard A. Lauder Collection: The Postcard Age.
The Metropolitan Museum of Art in New York City would get Lauder’s collection of 81 Cubist paintings, drawings, and sculptures, which included 34 works by Pablo Picasso, 17 by Georges Braque, 15 by Fernand Léger, and 15 by Juan Gris.
Because of his fascination with postcards, Lauder became friendly with one of the proprietors of the Manhattan bookstore the Gotham Book Mart, and when the proprietor needed to find a new location after selling the store’s longtime home, he asked Lauder for assistance.
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William Philip Lauder, an American business magnate and executive chairman of The Estée Lauder Companies, is one of Leonard’s two sons with his late wife Evelyn Lauder. One of the top producers of skincare, makeup, and fragrances in the world, as well as hair care products, is Estee Lauder.
As the regional marketing director of Clinique USA in the New York Metropolitan Area, Lauder joined The Estée Lauder Companies in 1986. Gary Lauder, their second child, is the Managing Partner of Lauder Partners LLC, a venture capital business with offices in Silicon Valley that focuses mostly on information technologies. Since 1985, he has also been a venture capitalist, making investments in about 60 private businesses.
Ronald Lauder’s older brother Leonard is the eldest child and son of Joseph and Estée Lauder. His relatives are Jews. In July 1959, he got married to Evelyn Hausner. They had two sons: Gary, managing director of Lauder Partners LLC, and William, executive chairman of The Estée Lauder Companies.
Lauder rose to fame in 2001 after developing the Lipstick index, a now-discredited economic measure designed to capture consumers’ propensity to spend money on luxury goods despite economic hardship. He has lived on Manhattan’s Upper East Side for a long time. Lauder wed photographer Judy Ellis Glickman on January 1st, 2015.
Leonard Lauder Art Collection
Georges Braque, Juan Gris, Fernand Léger, and Pablo Picasso created 83 pieces of art that make up the Leonard A. Lauder Cubist Collection were created between the years of 1906 and 1924. Major art collector, Leonard. When he was six years old, he started collecting Art Deco postcards, although his main interest is in works as opposed to American painters.
Also, a Klimt collector is Leonard. The most renowned collections in the world, including those of Gertrude Stein, Swiss financier Raoul La Roche, and British art historian Douglas Cooper, are where a large portion of his artwork is found. The Postcard Age: Selections from the Leonard A. Lauder Collection, a display of 700 of his postcards that represented a small portion of his pledged gift of 120,000 postcards to the museum, debuted at the Museum of Fine Arts, Boston in the fall of 2012.
In an interview with The New York, Lauder detailed how he became a collector because of postcards, and how he continued to acquire these “mini-masterpieces” throughout his life, to the point where his late wife, Evelyn, referred to the collection as her “mistress.”
In order to assist the Gotham Book Mart in re-establishing its presence in the city after the owner had already sold its long-ago building and required a new place, Lauder used his passion for postcards to become acquainted with one of the store’s proprietors. Together with a partner, Lauder purchased a building at 16 East 46th Street and leased the storefront space to Gotham.
When Gotham later fell behind on its rent payments, Lauder and his partner eventually filed for eviction. The New York City Marshal then held a highly publicised auction of the bookstore’s contents, which Lauder and his partner purchased in a lot. Many other independent booksellers, as well as collectors who were there and hoping to buy some of the bibliophilic treasures, objected to this.
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Leonard Lauder Medical Innovations
Together with Dr Norton and her husband Leonard, Mrs Lauder decided there and then to challenge the notion that research was the best course of action. She formed BCRF with the conviction that lack of financing was the only thing standing in the way of a cure for breast cancer.
Mrs Lauder received a diagnosis of early-stage breast cancer at that time. She subsequently made the decision to put her experience into practice. Modelling tenacity, Mrs Lauder, a board member of Memorial Sloan Kettering Cancer Facility in New York, took it upon herself in 1989 to assist in the establishment of a cutting-edge breast and diagnostic centre.
The facility, which is well known today as the Evelyn H. Lauder Breast Centre, set a new nationwide standard for cancer care offering the most up-to-date prevention, diagnosis, and treatment services under one roof.
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Leonard Lauder Donations
Long-time big supporter of the Whitney Museum of American Art, Lauder. He joined the museum’s acquisitions board in 1971, and in 1977, while serving as the company’s president, he was elected as a trustee of the Whitney. In 1990, he was elected president, and he has been chairman since 1994.
He is Whitney’s most active fundraiser and has contributed both money and numerous pieces of artwork to the institution. His $131 million donation in 2008 was the greatest in the museum’s existence. He and his wife have also donated money to the Leonard and Evelyn Lauder Fund, which has supported a number of Whitney exhibitions.
The pair is honoured in the permanent collection galleries on the fifth floor. He revealed to a New York Times reporter in 1998 that his “dream job” was to run the Whitney Museum. The Whitney’s endowment received the most recent $131 million donation from Lauder.
A longtime patron of the Metropolitan Museum of Art in New York City, Lauder was instrumental in the establishment of the institution’s study centre for modern art. He contributed to its $22 million endowment together with other donors and museum trustees.
In April 2013, he promised the museum his 81-piece collection of Cubist artwork, which includes 34 works by Pablo Picasso, 17 by Georges Braque, 15 by Fernand Léger, and 15 by Juan Gris, and is estimated to be worth more than $1 billion.
It is “without a doubt, the most important collection any private person has put together in many, many years,” according to William Acquavella of Acquavella Galleries. Since 1987, Emily Braun, an art historian, has been Leonard Lauder’s curator. She and Rebecca Rabinow co-organized the 2014 Met exhibition of Lauder’s Cubist collection.
Lauder is a trustee of the Aspen Institute, chairman of The Aspen Institute International Committee, co-founder and chairman of the Alzheimer’s Drug Discovery Foundation, honorary chair of the Breast Cancer Research Foundation, and a member of the President’s Council of Memorial Sloan-Kettering Hospital.
He is also a member of the Council on Foreign Relations. He co-founded the Breast Cancer Research Foundation and Evelyn was H. Lauder Breast Centre at Memorial Sloan-Kettering Cancer Centre in New York City with his wife Evelyn. He gave $125 million to the University of Pennsylvania in February 2022 to fund the creation of a brand-new, tuition-free nurse practitioner school under Penn Nursing.
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Leonard Lauder Net Worth
Bloomberg Billionaires Index estimated Lauder’s net worth at US$32.3 billion as of September 2021, the 44th richest person in the world. Mr La owns over 20,000 units of Estee Lauder Cos stock worth over $570,888,006 and over the last 19 years, he sold EL stock worth over $79,063,560. In addition, he makes $2,864,390 as Chairman Emeritus at Estee Lauder Cos.
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