Leonard Lauder, businessman built Estee Lauder in one of the world’s largest cosmetic manufacturers, died in 92 years.
Lauder joined his parents in 1958. years and served as the Chief Executive Director 17 years. An agreement was reached and bought stamps, including Clinique, Bobby Brown and Mac.
“He was an icon and a pioneer, earned by energy and vision, they helped shape our company, and will still make generations coming,” said Stephane de la Faverie, CEO of Estee La Lauder.
The billionaire born New York had an estimated happiness of £ 10.1 ($ 7.5 billion), according to the Forbes list of 2025. Years.
Lauder died on Saturday surrounded by his family, he said Estee Lauder in the statement.
Born in 1933. year, he was the oldest son of Estee and Joseph Lauder. He served as a lieutenant in the US Navy before joining the family business.
At that time, the annual sales of the company was less than a million dollars – about $ 11 million of today’s money. It is now a global cosmetic giant, which is in 150 countries with a sale of $ 15.6 billion last year.
Lauder led the firm Enlargement to Europe and Asia and created his first ever laboratory for research and development.
In 1995, the company took public, with a price in action, with the first day of trading in New York.
Lauder deviated as the Chief Executive Director in 1999. years. He remained involved in the job and was President Emeritus to his death.
Famous and business people pay homage to Lauder.
Elizabeth Hurley, who got his first modeling job with his company, said on Instagram, “I called him American Dad and I can’t imagine the world without him.”
Steve Forbes, Editor-in-Chief in Forbes Media, said Lauder was “good living life, and his passage is a loss in the world.” “
“His legacy will feel the generations to come,” said Multi-billionaire and former New York Mayor, Mike Bloomberg.
Far from work, Lauder was passionate about art. In 2013. he promised his collection of Cubist Art Street in a billion dollar to Metropolitan Museum in New York.
He was also an advocate for cancer research and served as an honorary President of the Management Board in the Breast Cancer Research Foundation.
