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Ronald Steven Lauder (born February 26, 1944) is an American businessman and political activist. He and his brother, Leonard Lauder, are the sole heirs to the Estée Lauder cosmetics company, founded by their parents, Estée Lauder and Joseph Lauder, in 1946.
The Estée Lauder Companies Inc. (/ ˈ ɛ s t eɪ ˈ l ɔː d ər / EST-ay LAW-dər; stylized as ESTĒE LAUDER) is an American multinational cosmetics company, a manufacturer and marketer of makeup, skincare, perfume, and hair care products, based in Midtown Manhattan, New York City. It is the second largest cosmetics company in the world after ...
Estée and Joseph Lauder in 1971 Lauder (left) with Ivana Trump in 1986. When Lauder grew older, she agreed to help her uncle, Dr. John Schotz, with his business. Schotz was a chemist, and his company, New Way Laboratories, sold beauty products such as creams, lotions, rouge, and fragrances. She became more interested in his business than her ...
It seems as if the company will get a new leader quite soon.
In 2013, Lauder promised his collection of Cubist art to The Metropolitan Museum of Art. The collection is valued at over $1 billion and constitutes one of the largest gifts in the museum's history. [5] Bloomberg Billionaires Index estimated Lauder's net worth at US$32.3 billion as of September 2021, the 44th richest person in the world. [6]
The Lauder family is an American billionaire family. It owes its initial fame to Estée Lauder (1908–2004), who with her husband Joseph H. Lauder, made a fortune via her eponymous cosmetics business, The Estée Lauder Companies , during the 20th century.
Freda was appointed president and chief executive officer of the Estée Lauder Companies Inc. on July 1, 2009, [3] [4] succeeding William P. Lauder. He had joined the company in March 2008, when he was appointed president and chief operating officer. [5] Freda was previously president of Procter & Gamble's Global Snacks division. Freda joined P ...
Lauder succeeded Fred H. Langhammer as chief executive officer in July 2004, [4] [7] a position he held until July 2009, [2] when he was succeeded by Fabrizio Freda. Lauder had previously been chief operating officer of The Estée Lauder Companies, a position he held since January 2003. [7]