Jane Lauder Joins World’s Richest in Boom Year for Cosmetics
- Granddaughter of Estee Lauder adds $1.5 billion this year
- Shares of cosmetics giant surged after strong earnings report
Cosmetics heir Jane Lauder vaulted into the ranks of the world’s 500 richest people this week after shares of the cosmetics giant that bears her name surged on strong quarterly earnings and a rosy outlook for the fiscal year.
Lauder’s net worth rose $1.5 billion this year, including a $447 million gain Monday, bringing her fortune to $4.3 billion, according to the Bloomberg Billionaires Index. She’s ranked No. 461 on the list, just behind New England Patriots owner Robert Kraft.