Importance Score: 35 / 100 🔵
Leonard Lauder, Estée Lauder Cosmetics Titan, Dies at 92
Leonard Lauder, the visionary businessman who transformed Estée Lauder into a global cosmetics powerhouse, has died at the age of 92. Lauder’s strategic leadership and keen business acumen propelled the company to unprecedented heights, solidifying its position as a leader in the beauty industry. His legacy extends beyond cosmetics, encompassing philanthropy and a passion for the arts.
Key Milestones in Lauder’s Career
Lauder joined his parents’ enterprise in 1958 and served as chief executive officer for 17 years. He was a shrewd negotiator, orchestrating the acquisition of successful brands such as Clinique, Bobbi Brown, and MAC, expanding the company’s portfolio and market reach.
Stephane de La Faverie, chief executive of Estée Lauder, stated, “He was an icon and pioneer, earning respect globally. His energy and vision helped shape our company and will continue to do so for generations to come.”
The New York native possessed a substantial wealth, estimated at $10.1 billion (£7.5bn) according to the 2025 Forbes rich list.
Early Life and Ascent in the Beauty Industry
Estée Lauder announced that Lauder passed away on Saturday, surrounded by his family.
Born in 1933, he was the eldest son of Estée and Joseph Lauder. Before dedicating himself to the family business, he served as a lieutenant in the U.S. Navy.
During his early involvement, the company’s annual revenues were less than $1 million – approximately $11 million in today’s value. Now, it stands as a multinational cosmetics conglomerate, operating across 150 nations with annual sales reaching $15.6 billion last year.
Strategic Expansion and Innovation
Lauder spearheaded the company’s expansion into both European and Asian markets, and he established its inaugural research and development laboratory, driving innovation in the cosmetics sector.
He led the company’s initial public offering in 1995, witnessing a surge in share price of 33% on its first day of trading in New York.
Lauder stepped down as CEO in 1999. He remained an active figure within the business, holding the title of chairman emeritus until his passing.
Tributes Pour In
Numerous figures from the business and entertainment realms have expressed their condolences.
Elizabeth Hurley, who began her modeling career with the company, shared on Instagram: “I called him my American Daddy and I can’t imagine a world without him.”
Steve Forbes, editor-in-chief at Forbes Media, remarked that Lauder “lived life well, & his passing is the world’s loss’.”
“His legacy will be felt for generations to come,” commented multi-billionaire and former New York mayor, Mike Bloomberg.
Philanthropy and Passion for the Arts
Beyond his business achievements, Lauder held a deep appreciation for art. In 2013, he pledged his billion-dollar collection of Cubist artworks to the Metropolitan Museum of Art in New York.
Champion of Cancer Research
He was also a fervent supporter of cancer research and served as the honorary chairman of the board of directors at the Breast Cancer Research Foundation.