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Lauder’s Granddaughters Become Billionaires on Beauty Boom

Aerin and Jane Lauder, the granddaughters of Estee Lauder, the late founder of the beauty products company that bears her name, have become billionaires amid a bull market for cosmetics companies.

The sisters, who are among the youngest female billionaires in the world, each control more than 17 million shares of Estee Lauder Cos., according to filings with the U.S. Securities and Exchange Commission. The stock, which they own directly and through family trusts, is valued at about $2.6 billion, according to the Bloomberg Billionaires Index.