Son Este Lader who has accepted the Global brand, dies at the age of 92

Leonard Lader, a businessman who built Estée Lauder from one of the largest cosmetic producers, died at the age of 92.

Lader joined his parents’ campaign in 1958 and held the post for 17 years. It was a perfect deal and bought brands including Clinique, Bobbi Brown and Mac.

“He was an icon and a pioneer, earning respect all over the world. His energy and vision helped shape our company and will continue to do so for the coming generations,” said Stefan de la Faver, CEO of Estée Lauder.

It is estimated that the New York billionaire in the born $ 10.1 billion.

Said Leder on Saturday surrounded by his family, said Estée Lauder in a statement.

Born in 1933, he was the eldest son of Este and Joseph Lader. Before joining the family business, he served as a lieutenant in the US Navy.

At that time, the annual sales of the company amounted to less than $ 1 million – about $ 11 million in modern money. Currently, it is a global cosmetic giant that operates in $ 15.6 billion in $ 15.6 billion last year.

Leder headed the firm Expanding in Europe and Asia And created its first in history the laboratory of research and development.

He took the public of the company in 1995, and the stock price increased by 33% on the first day of bidding in New York.

In 1999, Leder left the post of CEO. He stayed in business and was chairman to death.

Celebrities and business people pay tribute to Lauder.

Elizabeth Herley, who received his first job with his company, said at Instagram: “I called it my American dad and I don’t imagine the world without it.”

Steve Forbes, editor-in-chief in Forbes Media, said Leder “lived life, and his passage is the loss of the world.”

“His heritage will be felt over the next generations,” said Multiran and former New York Mayor Mike Bloomberg.

In the distance from the business, Leder is passionate about art. In 2013, he promised his collection of Cubist arts at the New York Art Museum.

He was also a supporter of the Cancer Research and held the post of honorary chairman of the Breast Cancer Research Council.