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The Estée Lauder Companies Inc. was founded in 1946 by Estée Lauder and her husband Joseph, with a focus on beauty products and a drive for success. The third generation, including William, Aerin, and Jane, are actively involved in the company's leadership, [ 1 ] with Jane Lauder joining the family business in 1996.
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. [1] [2] The family is of Hungarian Jewish and Czech Jewish ancestry. [3]
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 ...
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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]
Lauder had previously been chief operating officer of The Estée Lauder Companies, a position he held since January 2003. [7] Lauder was responsible for the oversight of all of the company's global operations. In addition, he oversaw nine of the company's specialty brands, including Prescriptives, Aveda and Bobbi Brown. [citation needed]
Lauder is the daughter of Jo Carole Lauder (née Knopf) and Ronald Lauder. [3] Her father served as U.S. Ambassador to Austria under President Ronald Reagan, and is the president of the World Jewish Congress. [4] She is the granddaughter of Estée Lauder and Joseph Lauder, the cofounders of the cosmetics company Estée Lauder Companies.
Author, I Read About My Death in Vogue Magazine. Louise Serpa, 1943. Rodeo photographer [73] Delia Sherman, 1968. Fantasy writer, editor. Author, The Porcelain Dove and The Freedom Maze. [29] Gladys Vanderbilt Széchenyi, 1904. Heiress [74] Ivanka Trump, 2000. Businesswoman. Executive Vice President, the Trump Organization [75] Nancy Tuckerman ...