Overview
- Estée Lauder Companies announced Lauder died on June 14 surrounded by family, concluding his role as chairman emeritus.
- He joined the company in 1958 and served as president from 1972 to 1995, CEO from 1982 to 1999 and chairman until 2009.
- Lauder oversaw the launch and acquisition of key brands—Clinique, Aramis, MAC, Bobbi Brown, Jo Malone, Aveda and La Mer—that expanded the company’s portfolio worldwide.
- A major philanthropist, he donated a 78-piece Cubist collection to the Metropolitan Museum of Art and co-founded the Alzheimer’s Drug Discovery Foundation.
- He created the “Lipstick Index” as an economic gauge after 9/11, and his net worth was estimated at $15.6 billion when he passed.