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Leonard Lauder, Ex-Estée Lauder CEO, Dies at 92

He donated his cubist art collection valued at over $1 billion to the Metropolitan Museum of Art

MILLBROOK, NY - OCTOBER 3: Leonard Lauder attends Celebrating The Wonderful Life Of Donald Tober on October 3, 2021 at Yellowframe Farm in Millbrook, New York. (Photo by Patrick McMullan/PMC via Getty Images)
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Overview

  • Lauder joined Estée Lauder in 1958 and led the company for nearly four decades.
  • He expanded the beauty empire with acquisitions and led its public listing and global expansion.
  • Annual revenue grew from $800,000 to more than $7 billion under his leadership.
  • He established the Alzheimer’s Drug Discovery Foundation in honor of his mother’s battle with Alzheimer’s.
  • He originated the ‘Lipstick Index’ to highlight shifts in consumer spending during recessions.