INSIDE JOHN DEMSEY’S IMPRESSIVE NET WORTH AND ESTÉE LAUDER SALARY
This comes after the 65-year-old posted an offensive meme on Instagram which used a racial slur.
The company said that his firing was the “result of his recent Instagram posts, which do not reflect the values of the Estée Lauder Companies”.
They further said that the post “caused widespread offense” and “did not reflect the judgment we expect of our leaders”.
Let’s explore the executive’s career, net worth and salary amid his firing…
WHO IS JOHN DEMSEY?
John Demsey was a senior executive at Estée Lauder, one of the world’s biggest cosmetics companies.
The 65-year-old from Ohio was with the company for over 20 years and had various different roles.
He started as the Global President at MAC before becoming Global President of Estée Lauder in 2006 and then Executive Group President.
Prior to that, the Stanford and Stern graduate worked for Macy’s, Bloomingdale’s, Saks Fifth Avenue and Revlon.
THE EXECUTIVE’S NET WORTH
As per Insider Trades, John Demsey had a new worth of at least $2.52 million as of May 7th, 2021.
The site revealed that the former Estée Lauder executive owned 8,519 shares of Estée Lauder Companies stock worth more than $2,524,435 as of February 28th 2021.
However, this net worth estimation does not take into consideration any other investments he may own and is only based on his Estée Lauder stock. So, his net worth could actually be even higher.
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