JOURNAL ARTICLE

Leonard Lauder, Billionaire Heir to Cosmetics Empire, Dies at 92.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Arnold, Laurence 3 of 3

Abstract

The article focuses on the life and legacy of Leonard Lauder, who played a pivotal role in transforming Estée Lauder Cos. into a leading global cosmetics company before his death at the age of 92. Lauder joined the family business in 1958, overseeing significant brand expansions and innovations, including the launch of Clinique and MAC Cosmetics, and he took the company public in 1995. Under his leadership, the company's revenue grew from approximately $800,000 to over $7.3 billion by 2009. Lauder was also known for his philanthropic efforts, including founding the Alzheimer's Drug Discovery Foundation, and he is survived by his wife, sons, and extended family. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/06, pN.PAG
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2025
  • Accession Number:185948648
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