Leonard Lauder Net Worth
Leonard Lauder’s Art Collection
Leonard Lauder’s art collection is worth more than $2 billion dollars. 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. Much of his art comes from some of the world’s most celebrated collections.
Leonard Lauder’s Earnings
Leonard Lauder receives share in profits from his businesses, which amounts to over $4 billion a year. Leonard Lauder also owns a huge portfolio of investments in stocks and securities. Through his investment portfolio, Leonard Lauder earns over $300 million in annual income through the sale of Stocks and dividend receipts. Leonard Lauder deploys multiple strategies to compound his wealth through successful investments. Leonard Lauder deploys capital to each of these strategies in proportions that he sees fit.
Leonard Lauder’s Car Collection
Leonard Lauder owns over 15 luxury cars in his garage. Leonard Lauder’s car collection include a number of Bentleys, Rolls-Royce, Mercedes and more. The list of cars owned by Leonard Lauder along with their price tags are provided below.
Bentley Continental GT – $900,000 USDLexus GX – $160,000 USDRolls-Royce Cullinan – $1 Million USDRange Rover Sport – $210,000 USDRolls-Royce Dawn – $1 Million USDPorsche 911 – $260,000 USD
Leonard Lauder House Properties
Leonard Lauder owns over 20 real estate properties across the United States. Leonard Lauder recently bought a 20,000 square foot villa in Florida for a price of $37 Million US Dollars. Few of other houses owned by Leonard Lauder are provided below.
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Leonard Lauder’s Early Career
Leonard Lauder is the elder son of Joseph and Estée Lauder and the elder brother of Ronald Lauder. His family is Jewish. He married Evelyn Hausner in July 1959. 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 formally joined Estée Lauder in 1958 when he was 25. He created the company’s first research and development laboratory in the mid-1990s and was responsible for the company acquiring brands like MAC, Bobbi Brown and Aveda. Lauder gained notoriety in 2001 for creating the Lipstick index, a since discredited economic indicator, meant to reflect a proclivity to spend money on luxury items even in the face of crisis.
Leonard Lauder’s Social Causes
Lauder has long been a major benefactor of the Whitney Museum of American Art. In 1971, he joined the museum’s acquisitions board and in 1977, by then president of his family’s business, he became a Whitney trustee. He has donated both money and many works of art to the Whitney, and is the museum’s most prolific fundraiser. His 2008 donation to it of $131 million is the largest in the museum’s history. A long-time supporter of the Metropolitan Museum of Art in New York City, Lauder led the creation of a research center for Modern art at the museum, which he helped support through a $22 million endowment made alongside museum trustees and other benefactors. In April 2013, he promised his collection of 81 pieces of Cubist art.
