Estee Lauder's Billionaire Boss
Leonard Lauder is an American businessman with an estimated net worth of $8.1 billion. He serves as the Chairman of Estee lauder companies Inc. The company operates a number of cosmetic brands such as La Mer Aveda, Bobby Brown, MAC cosmetics, Clinique and Estee Lauder. Lauder joined the Estee Lauder Company at the age of 25 in the year 1958. In 1999, he stepped down from the post of the Chief Executive Officer, though he is still a member of the board.
Leonard Lauder is known widely due to his fine cubist painting. One of them include a “Nude Woman in an Armchair”, a Picasso master piece which was made in 1909. He donated 78 cubic paintings to a New York based Metropolitan Museum of Art in April 2013. Some of the famous collections that he donated include 33 master pieces of Picasso - 14 by Fernand Leger, 17 by Geoges Braque and 14 by Juan Gris.
Lauder who was born in 1933, attended the University of Pennsylvania and later Colombia University Graduate School of Business. He was married to Evelyn Lauder with whom they had two children .Sadly, his wife died of breast cancer in November 2011.
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