Ronald Steven Lauder Net WorthReal Name: Ronald Steven Lauder
Date of Birth: 02/26/1944
Place of Birth: New York, New York
2017 Net Worth: $4 Billion
Profession: Chairman Emeritus of Estee Lauder
Ronald Lauder Biography
Ronald Lauder was born in February of 1944 in New York, the youngest son of Estee Lauder and Joseph Lauder, founders of Estee Lauder Companies. Lauder attended the Bronx High School of Science and received a Bachelor’s degree from the Wharton School of Business at the University of Pennsylvania. Lauder also studied at the University of Paris and the University of Brussels, where he received a certificate in International Business.
Ronald Lauder began working for the family business in 1964. He quickly gained other duties, however. In 1984, he was appointed Deputy Assistant Secretary of Defense for European and NATO policy. He was the US ambassador to Austria during 1986 and 1987, appointed by former President Ronald Regan. Lauder made a Republican bid to become the mayor of New York City but lost in 1989 to Rudy Giuliani. Lauder manages investments in real estate and media, including Israeli TV and Central European Media Enterprises.
Lauder led the movement to place term limits in the New York City Council, which successfully imposed limits on almost all NYC elected officials, including the Mayor and City Council, starting in 1993. The City Council tried to have these term limits overturned in 1996, but this proposal was rejected by voters. Lauder spent $4 million of his own money on these two referendums.
In November of 2001, Lauder opened an art museum, the Neue Galerie, across the street from the Metropolitan Museum dedicated to art from Austria and Germany. Most of the past 15 years has seen Lauder working to retrieve numerous pieces of art that were “lost” during the Nazi period. Lauder is actively involved in numerous civic organizations and has mainly left the day to day operations of the Estee Lauder Company to his two daughters.
Lauder has a current net worth of $4 billion, which is a dramatic increase from his net worth of $3 billion just 4 years ago.