– All my life my father worked tirelessly to build and transform the cosmetics industry, being a pioneer of many innovations, trends and the best practices that are the basis of today's industry – said Leonard's son, William P. Lauder, who acts as the chairman of the Council of Directors of the Company, quoted by CNN. Model Elizabeth Hurley was to call Leonardo her “American daddy”, and Steve Forbes, the editor -in -chief of Forbes Media, said that Lauder's death is a “loss for the world.”
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Leonard Lauder from a small company created a global empire
Leonard Lauder, born in a Jewish family in New York, was to accompany his mother from an early age – Esteee Lauder – in commercial visits in salons and help her pack boxes with powders and purifying oils. Later he graduated from the School of Business at the Columbia University. When he was 25, he officially joined his family company. Over the next decades, the company gradually became a global empire, which today includes brands such as Clinique, La Mer, The Ordinary, Mac Cosmetics and Bobbi Brown Cosmetics. Currently, it is a cosmetic giant operating in 150 countries, with sales of $ 15.6 billion. According to data for 2024
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Leonard Lauder was the president and general director of the concern for many years. He introduced it in 1995 to the New York stock exchange. He managed the expansion in Asian and European markets, and he also created the first research and development laboratory in the history.
According to the Billionaire index, Bloomberg Lauder at the time of his death had a net property of $ 15.6 billion. The businessman was also passionate about art. In 2013, he donated $ 1 billion. A collection of works of cubist art Metropolitan Museum of Art in New York. He was also an advocate of cancer research and served as an honorary chairman of the Directors Council of the Foundation for Research on Breast Cancer.
