The Lauders – $24.3B
The Lauders first earned a fortune thanks to their cosmetics company of the same name: Estee Lauder. The empire was launched by the husband-wife duo Joseph and Estee Lauder not long after the Second World War. Back then, they ran the shop in New York City and only offered four products: a crème pack, cleansing oil, skin lotion, and all-purpose crème. The products became a huge hit, and they were able to save up enough to launch their first department store on Saks Fifth Avenue. Over the fifteen years that followed, they expanded the product range and introduced new labels like Clinique and Aramis. During the ‘90s, the company started to top international sales! However, the powerful family has managed to retain control of its leadership no matter how many generations it has gone through over the years.
The Lauders – $24.3B
