Heir to billion-dollar beauty empire dies aged 92
The American businessman was the eldest son of Estée Lauder, after whom the cosmetics brand she founded is named, and her husband Joseph.
Lauder, along with his much-younger brother Ronald, 81, inherited control of the company from their parents.
He was most recently estimated to be worth $32.3 billion, as of September 2021, making him at the time the 44th richest person in the world.
Lauder died on Saturday, the company said without specifying a cause of death.
More to come.
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