He is one of two sons (Ronald and Leonard) of Estée Lauder.
Estée Lauder (July 1, 1906 – April 24, 2004) founded the company " Estée Lauder" with husband, Joseph in 1946. Estee Lauders products include: Estee Lauder line of perfume and make-up, Aramis, Clinique, Aveda, DKNY and Tommy Hilfiger. The Lauder family still retain 46% stake in the company, majority of voting shares.
Ronald is invested in television properties in eastern Europe, Israel. Served as deputy assistant secretary of defense and ambassador to Austria under President Reagan.
Ronald Lauder is married and has 2 children. Education: Bachelor from University of Pennsylvania Wharton School.
$2.7 billion as of 2005.