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Headline: UNCAPTIONED:: Estée Lauder Business Legend Leonard Lauder Dies Aged 92
Caption: Estée Lauder Business Legend Leonard Lauder Dies Aged 92. Leonard Lauder, the visionary businessman behind Estée Lauder’s global success, has died at 92. Lauder joined his parents' company in 1958 and served as CEO for 17 years, turning it into a cosmetics empire. Under his leadership, Estée Lauder acquired major brands like Clinique, Bobbi Brown, and MAC. Estée Lauder’s current CEO, Stephane de La Faverie, called Lauder an icon and pioneer with lasting influence. Lauder’s net worth was estimated at $10.1 billion, according to Forbes' 2025 rich list. The billionaire businessman passed away on Saturday, surrounded by his family. Born in 1933, Lauder was the eldest son of Estée and Joseph Lauder and served as a US Navy lieutenant. He led Estée Lauder’s expansion into Europe and Asia, and launched its first R&D laboratory. In 1995, Lauder took the company public, with shares rising 33% on its first day of trading. He was a strong advocate for cancer research and held the position of honorary chairman on the board of directors at the Breast Cancer Research Foundation. Celebrities, including Elizabeth Hurley and Mike Bloomberg, paid tribute to Lauder’s enduring legacy. ”I called him my American Daddy and I can't imagine a world without him.” Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Leonard Lauder,Estée Lauder,Clinique,Bobbi Brown,MAC,Stephane de La Faverie,Forbes rich list,cosmetics empire,CEO,US Navy,R&D laboratory,expansion,legacy,Elizabeth Hurley
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