Leonard Lauder, the man who expanded Estée Lauder into a global beauty empire, has died at the age of 92. He passed away on Saturday, surrounded by his family, according to a statement from Estée Lauder Companies.
Led Family Business to Global Success
Lauder took over the family-run business in 1958. At the time, the company’s annual sales were less than $1 million — roughly $11 million today. He led the company as CEO for 17 years. Under his leadership, Estée Lauder grew rapidly and entered new markets.
Built an Empire Through Smart Deals
Lauder was known for his smart business moves. He acquired top beauty brands like Clinique, Bobbi Brown, and MAC. These decisions helped the company reach new customers and expand its product lines.
Expanded Globally and Focused on Innovation
He pushed the company into Europe and Asia. Additionally, he launched Estée Lauder’s first research and development lab. These steps helped the brand compete with other international giants.
Took the Company Public
In 1995, Lauder listed Estée Lauder on the New York Stock Exchange. The stock price rose 33% on the first day. That moment marked a major turning point in the company’s history.
Stayed Connected to the Brand
Even after stepping down as CEO in 1999, Lauder remained involved. He served as chairman emeritus until his death. He stayed dedicated to the company’s values and long-term vision.
Industry and Fans Pay Tribute
Stephane de La Faverie, the current CEO of Estée Lauder, said, “He was an icon and pioneer, earning respect worldwide. His energy and vision helped shape our company and will continue to do so for generations to come.”
Model and actress Elizabeth Hurley wrote, “I called him my American Daddy and I can't imagine a world without him.”
Steve Forbes added, “He lived life well, & his passing is the world’s loss.”
Mike Bloomberg said, “His legacy will be felt for generations to come.”
Leonard Lauder was one of New York City’s most devoted and generous philanthropists. He passionately supported the arts and our city’s cultural institutions, he was an early leader in the effort to revitalize Central Park, and he was deeply committed to the fights against breast… pic.twitter.com/GApCh3W7uJ
— Mike Bloomberg (@MikeBloomberg) June 15, 2025
Beyond Business: A Passion for Art and Health
Lauder loved art. In 2013, he promised to donate his $1 billion Cubist art collection to the Metropolitan Museum of Art in New York.
He also cared deeply about health causes. He supported cancer research and served as honorary chairman of the Breast Cancer Research Foundation.