Ronald Lauder, the art collector and cosmetics heir who founded the Neue Galerie in New York, has been named to the board of trustees of the J. Paul Getty Trust, the organization announced in a press release.
“We are thrilled to welcome Ronald Lauder to the Getty Board of Trustees,” said Maria Hummer-Tuttle, the board’s chair, in the release. “He brings great knowledge and experience in art history and scholarship, collecting, museum management, philanthropy, and international affairs.”
Ronald Lauder, who is the brother of Leonard Lauder, another renowned collector who recently gave his collection of Cubist masterpieces to the Met, was the chairman of the Museum of Modern Art for a decade, until 2005. He currently serves as its honorary chair. He also served on the board of the the Estée Lauder Companies until 1986, when President Ronald Reagan named him as the U.S. ambassador to Austria. He was reelected to the Estée Lauder board in 2016.
“His lifelong involvement with the arts, combined with his business and financial acumen, will make him a tremendously valuable member of our leadership,” James Cuno, the president and CEO of the J. Paul Getty Trust, said in the statement. “He joins other board members with international expertise, helping broaden the Getty’s reach internationally.”
The J. Paul Getty Trust has an endowment of $6.3 billion, making it the wealthiest art trust in the world. It supports the J. Paul Getty Museum, the Getty Foundation, the Getty Research Institute, and the Getty Conservation Institute.