Leonard Alan Lauder was born in 1933 in New York City, where he grew up and helped his mother as she founded what would become The Estée Lauder Companies business out of the family’s kitchen. According to Forbes, Leonard is the 68th richest person in the world with a net worth of $USD 23.2 Billion. Leonard and his brother,  Ronald Lauder, are the sole heirs to the Estée Lauder Companies cosmetics fortune, founded by their parents, Estée Lauder and Joseph Lauder, in 1946.