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2021-07-26T12:45:48+05:30 2013-04-13T05:45:13+05:30 Home › Life › MEET THE LAUDERS: The Cosmetics Tycoons Who Just Gave Away A Billion Dollars In Art
MEET THE LAUDERS: The Cosmetics Tycoons Who Just Gave Away A Billion Dollars In Art Estée Lauder was the daughter of Hungarian Jewish immigrants.Estée Lauder was the daughter of Hungarian Jewish immigrants.
She got her start by selling cosmetics in a beauty salon.She got her start by selling cosmetics in a beauty salon. Her first "factory" was actually based out of an Upper West Side restaurant.Her first "factory" was actually based out of an Upper West Side restaurant. She revolutionized the beauty world by becoming the first company to give out product samples.She revolutionized the beauty world by becoming the first company to give out product samples.
A bath oil called "Youth Dew" skyrocketed the Estée Lauder brand into homes around the country.A bath oil called "Youth Dew" skyrocketed the Estée Lauder brand into homes around the country. Throughout all this, Estée and Jo Lauder had two sons together: Leonard and Ronald.Throughout all this, Estée and Jo Lauder had two sons together: Leonard and Ronald.
In 1958, Estée Lauder reached its first $1 million in sales.In 1958, Estée Lauder reached its first $1 million in sales. Estée Lauder expanded its line to include allergy tested brand Clinique in 1968.Estée Lauder expanded its line to include allergy tested brand Clinique in 1968.
The Lauders became society fixtures, and were friends with the Kennedys, British Royalty, and world leaders.The Lauders became society fixtures, and were friends with the Kennedys, British Royalty, and world leaders. By 1995, the Estée Lauder company hit the New York Stock Exchange for $3 billion.By 1995, the Estée Lauder company hit the New York Stock Exchange for $3 billion.
Last year, Estée Lauder had sales of $9.7 billion, according to its annual report to investors.Last year, Estée Lauder had sales of $9.7 billion, according to its annual report to investors. The company is now largely run by Leonard, Ronald, and their children.The company is now largely run by Leonard, Ronald, and their children.
Aerin Lauder is now a huge face in the beauty and fashion industries.Aerin Lauder is now a huge face in the beauty and fashion industries. And their cousin William P Lauder is the executive chairman after stepping down from CEO.And their cousin William P Lauder is the executive chairman after stepping down from CEO.
The Lauder clan donates heavily to philanthropic projects.The Lauder clan donates heavily to philanthropic projects. Both Leonard and Ronald are major art collectors.Both Leonard and Ronald are major art collectors.
And the family also owns a vast amount of real estate.And the family also owns a vast amount of real estate. The company still faces some controversy: PETA accused the brand of animal testing.The company still faces some controversy: PETA accused the brand of animal testing.
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