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From the Editor
Last Updated Jun 29, 2026, 6:30am EDT
- Queens-native Estée Lauder founded a cosmetics firm with her husband in 1946, after developing skin creams from her kitchen.
- Today five members of the Lauder family own stakes in the publicly traded company, which has more than 20 brands including MAC, Origins and Clinique.
- Estée's son Leonard (d. 2025) joined Estée Lauder in 1958 and spent more than three decades helping grow it into a $14.3 billion (2025 sales) cosmetics giant.
- Leonard's son William Lauder is now the company's chairman, and his brother Ronald is chairman of its Clinique division.
- Ronald's eldest daughter Aerin Lauder is style and design director for Estée Lauder's Nu-Retriv skincare line while his youngest daughter Jane Lauder is on the board of directors.
- Leonard Lauder gifted his massive Cubist art collection, worth more than $1 billion, to the Metropolitan Museum of Art in 2013.
Wealth History
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Forbes Lists
Personal Stats
- Fortune Founded
- 1946
- Source of Wealth
- Estee Lauder
- Company Headquarters
- New York, New York
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