Leonard Alan Lauder is an American billionaire, philanthropist, art collector. He and his brother, Ronald Lauder, are the sole heirs to the Estée Lauder Companies cosmetics fortune. In 2013, Lauder promised his collection of Cubist art to The Metropolitan Museum of Art.
About Leonard Lauder in brief
Leonard Alan Lauder is an American billionaire, philanthropist, art collector. He and his brother, Ronald Lauder, are the sole heirs to the Estée Lauder Companies cosmetics fortune. In 2013, Lauder promised his collection of Cubist art to The Metropolitan Museum of Art, which is valued at over USD 1 billion. Forbes reported that Lauder’s net worth has been estimated to be USD$17. 4 billion as of July 26, 2020 making him 76th richest person in the world. He is a graduate of the Wharton School of the University of Pennsylvania, and he also studied at Columbia University’s Graduate School of Business before serving as a lieutenant in the U.S.
Navy. He married Evelyn Hausner in July 1959. They had two sons: William, executive chairman of the Estee Lauder Companies, and Gary, managing director of Lauder Partners LLC. On January 1, 2015, Lauder married photographer Judy Ellis Glickman. Lauder is a major art collector, but his particular focus, rather than on American artists, is on works by the Cubist masters Picasso, Braque, Gris, and Léger. He also collects Klimt. Lauder has long been a major benefactor of the Whitney Museum of American Art. He became president in 1990 and has been chairman since 1994.
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