Grizzly Bulls LogoGrizzly BullsHow it WorksCalculator🚀 PremiumBlog
Log In

Grizzly Bulls’ Billionaires Index

⬅ # 174 Tony Ressler|# 176 Mat Ishbia ➡

# 175 Leonard Lauder 

$11.7B

Real Time Net Worth
as of 7/25/2024
$60.0M (0.51%)

# 175 Leonard Lauder 

$11.7B

Real Time Net Worth
as of 7/25/2024
$60.0M (0.51%)
OccupationChair Emeritus, The Estée Lauder Companies
Source of WealthEstee Lauder
Age91
ResidenceNew York, New York
Marital StatusWidowed, Remarried
Children2
EducationBS, University of Pennsylvania
Age-Adjusted Net Worth$1.43B
Leonard Lauder
Leonard Lauder
United States
Net worth: $11.7B

Self-Made Score 

Wealth History

Hover or tap to reveal net worth by year
Loading Chart

Biography

Career

Leonard Alan Lauder was born on March 19, 1933
Joined Estée Lauder in 1958 at the age of 25
Founded the company's first research and development laboratory in the mid-1990s
Acquired major cosmetics brands for Estée Lauder, including MAC Cosmetics, Aveda, Bobbi Brown, and La Mer
Became CEO of Estée Lauder and took the company public at The New York Stock Exchange in 1996
Stepped down as CEO in 1999, but remained chairman emeritus and is known as 'Chief Teaching Officer'
Notable for creating the Lipstick Index in 2001, an economic indicator later discredited
Supported Kathy Hochul's first campaign for New York governor in 2022

Philanthropy

Co-chairs the Alzheimer's Drug Discovery Foundation with his brother Ronald
The foundation has awarded over $209 million to fund trials in 19 countries

Art Collection

Major art collector with a focus on Cubist masters Picasso, Braque, Gris, Léger, and Klimt
Donated a Cubist art collection valued at over $1 billion to The Metropolitan Museum of Art in 2013
Collection includes works from renowned sources like Gertrude Stein, Raoul La Roche, and Douglas Cooper
Showcased 700 postcards in a 2012 exhibition at the Museum of Fine Arts in Boston
Donated Oilette postcard collection to Chicago's Newberry Library and funded its digitization

Real Estate Activity

Bought a building at 16 East 46th Street, partnering to let space to the Gotham Book Mart
Involved in the much-publicized closure of the Gotham Book Mart, auctioning its inventory

How long would it take you to become as rich as Leonard Lauder?

If you started with $10,000 and invested an additional $500 each month at a 44.11% CAGR, it would take you 5 years to reach Leonard Lauder's net worth of $11.7B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 52.22% compared to 16.62% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Leonard Lauder is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Leonard Lauder, Estee Lauder is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey