Aerin Lauder

Aerin Lauder

If you've ever worn makeup, you've almost certainly bought a product by Estee Lauder at some point in your life. Estee Lauder herself is no longer with us, but the company she set up still sells millions of products every year, and much of the profit goes to her granddaughter Aerin Lauder. Lauder grew up surrounded by the family trade and is now an integral part of the company, serving as its image and style director.

She still finds the time to pursue her own independent business endeavors though. Her company 'Aerin' also makes makeup, but on top of that it designs and sells home furnishings, home accessories, fragrances, and clothing. Her self-named company isn't as big as her grandmother's just yet, but it's on its way. While she's waiting for the big money to roll in through 'Aerin,' she can sit back on the more-than-one-billion dollars she's both inherited and earned through Estee Lauder.

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Did You Know...

I

When we think of inventors, the image that comes to mind is usually that of a frazzled scientist toiling away in a lab, not celebrities pulled from the pages of Us Weekly. However, a number of well-known public figures hold patents for various innovations. Some are related to the work that made them famous, while others are offshoots of hobbies or just a single great idea.

II

Part of guitar wizard Eddie Van Halen's signature sound was his two-handed tapping technique, but letting all ten fingers fly while simultaneously holding up the guitar's neck could get a bit tricky. Van Halen came up with a novel way to get around this problem, though; he invented a support (top) that could flip out of the back of his axe's body to raise and stabilize the fretboard so he could tap out searing songs like "Eruption." While Van Halen was obviously interested in improving his guitar work, the patent application he filed in 1985 notes that the device would work with any stringed instrument. Want to tap out a scorching mandolin solo? Find someone selling Eddie's device.

III

It’s probably not surprising that James Cameron—who designed a submersible to take him to the deepest known part of the ocean—will often invent technology to make his films if what he needs doesn’t exist. He holds a number of patents, including US Patent No. 4996938, “apparatus for propelling a user in an underwater environment,” that he and his brother, Michael, created to film The Abyss and patented in 1989. The device is basically an underwater dolly equipped with propellers that makes it easy for a camera operator to maneuver in the water—and allowed Cameron to capture the shots he wanted for the 1989 film, part of which was filmed in an abandoned nuclear reactor.

IV

In 1987 Jamie Lee Curtis designed and patented a disposable diaper that included a waterproof pocket that held baby wipes. She hasn't profited from her idea yet, though, since she refuses to license the patent until diaper companies make biodegradable products.

V

You know him as a rock legend, but Neil Young also loves trains—so much that he owns a stake in a model train manufacturing company and has an extensive collection. He also holds seven patents related to model trains, including Patent No. US5441223, "Model train controller using electromagnetic field between track and ground."

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