Keeping It in the Family: 10 Crazy Huge Inheritances
As the granddaughter of Estee and Joseph Lauder, Aerin grew up with a business savvy inherited from her family of entrepreneurs. Her grandparents were the founders of the cosmetic empire Estee Lauder Companies, which includes dozens of well-known cosmetic and lifestyle brands such as Clinique, Smashbox, Glamglow, Tory Burch, and RODIN olio lusso. 87% of the company’s stock, which is currently worth over $10 billion dollars, is owned by members of the Lauder family.
Aerin Lauder sits on the board of directors, and is the founder of AERIN, a brand that sells home goods, beauty products, and accessories. She also oversees key accounts like MAC and Clinique. It is estimated that her personal net worth is over half a billion dollars.