Leonard Lauder’s net worth is estimated at $4.9 Billion, however, it is likely that his net worth is much larger.
Introduction
He’s a family member of the billionaire’s and owns a chain of department stores.
According to the New York Times, the two companies are currently in the midst of a legal battle over patent infringement of the use of titanium dioxide pigments on their products.
This company has its headquarters in Pennsylvania and is located on Broad Street in New York City. It started as a small company and now employs approximately 7,000 people worldwide.
According to Forbes, Leonard Lauder’s net worth is a little over $21 Billion.
Early Life
Leonardo DiCaprio was born the 19th of March in 1953.
Lauder graduated from Penn State University and began working as an analyst for Merrill Lynch in New York.
Lauder moved to Washington D.C. to work for a law firm and he was involved in the work of the Council of Foreign Relations.
He spent nine years in the United States Navy, including several years on active duty, and after retiring from the military, Lauder joined the family company, which owns the John Frieda and TruBlend brands.
Career
Lauder has been acquiring works by artists since the early 1950s. He was responsible for bringing Klimt’s paintings to the United States when his first exhibition was hosted at the Museum of Modern Art. His interest in the artist is that he believes the work was more influenced by the paintings of the Italian Renaissance and that Klimt was a major influence on the 20th century.
The Museum of Fine Arts, Boston opened an exhibition of Leonard A. Lauder’s 600,000 postcards, called The Postcard Age: Selections from the Leonard A. Lauder Collection.
In January 1943, a number of important paintings by Picasso, Braque, and other artists were stolen from a collection owned by a Paris art collector. The paintings were valued at half a billion francs. The thief was a German art expert with an extensive collection of stolen art. He later claimed the museum’s theft was a mistake. The paintings were returned to the collector in exchange for a payment of some $30,000.00 and a promise to assist the German government in tracking down art stolen from other museums.
By the 1940s, Mr. Lauder was known to be a frequent patron of the book publishing world, and his friendship with the owners of the Gotham Book Mart led to his being contacted by them and asked to help them by purchasing some of their stock so that they could re-establish their presence in the city.
Lauder’s interest in collecting led him to be acquainted with a group of book dealers and collectors.
Leonard Lauder, the chairman of The Estée Lauder Cos, has a net worth of $21 Billion.
Highlights
Lauder is a US citizen and a businessman. You might know him as the president of Estee Lauder.
He started his career at the age of 14 and eventually became CEO of the company at the age of 20. He was a top executive of the company for more than 50 years.
Favorite Quotes From Leonard Lauder
You will never learn any skills if you don’t practice. In order for you to become proficient at something like photography, you need to practice, whether it’s your camera, the technical side of photography like developing and printing, or the creative side of photography like composition. You will never become good at anything without practice.
Lauder uses the same breakfast every morning of fat-free cottage cheese, a slice of whole-wheat toast, yogurt and sliced peaches for breakfast. He doesn’t want to get fat and he wants to keep his fitness. Lauder said he is eating his full breakfast within a couple minutes.
3 Motivational Lessons From Leonard Lauder
Start by trying to help other people.
Work hard, but don’t expect to be rich overnight.
Always have the time to help your neighbor.
Always aim to be a good man.
If you are talented and hard-working, people will come to you.
1. Focus On The Right Things
Think about the small things in your life that you can’t control. If you focus too much on the big things in your life you won’t have the mental bandwidth to handle all the things that really matter.
2. Don’t Take Things Personally
No one can make you feel inferior unless you allow it. The real source of your power is within.
3. Accept And Enjoy Where You Are Right Now
People will keep on changing too. Sometimes you’ll feel great about a change and sometimes you won’t. It’s all a matter of perspective.
Summary
He is the chairman emeritus of the cosmetics brand Estée Lauder and he is also known to the public for the famous brand that bears his name. He is also known to the public for his creation of the lipstick index in 2001. In addition to Estée Lauder, he is also the chairman of the Whitney Museum of American Art.
He owns companies like Estée Lauder, Yves Saint Laurent, Bulgari, and the famous Lauder company.