Malibu Complete MALIBU'S WEALTHY: LLOYD E. COTSEN

Malibu's Wealthy: Lloyd E. Cotsen

Lloyd E. Cotsen with the logo of the Cotsen Institute of Archaeology at UCLA.
Lloyd E. Cotsen at the Cotsen Institute of Archaeology at UCLA. Photo: Courtesy UCLA.

Malibu's Wealthy: Lloyd E. Cotsen

Lloyd E. Cotsen, estimated to have wealth of about $600 million, made his fortune with Neutrogena Corp., a soap and cosmetics company started by his father-in-law. He began his career in 1957 with a newly minted MBA, working his way up to CEO by 1982 by dramatically increasing the scope of the business. When the company was sold to Johnson & Johnson in 1994, Cotsen received $148 million for his 38 percent share of the company.

Cotsen retired from Neutrogena in 1995 and now spends his time working with non-profit organizations, managing his foundation, and pursuing his passions for art and archaeology. Among his many charitable acts were a donation of 40,000 children's books and $8 million to the Firestone Library at Princeton University, and 2,500 textiles, ceramics and folk-art objects assembled from Cotsen's world travels donated in 1998 to create The Neutrogena Collection Wing at the Museum of International Folk Art in Santa Fe, NM.

In 1999, Cotsen made one of the largest donations ever to a university archaeology program, a $7 million endowment to fund archaeological research, graduate training, and public outreach programs. The Cotsen gift is the largest ever received by a social science program at UCLA, and the department was renamed the Cotsen Institute of Archaeology in his honor. UCLA officials describe Lloyd Cotsen as, "a man of epic character with passion, experience, generosity, intelligence, wisdom, forethought, and vision."

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