L'Oréal heiress Françoise Bettencourt Meyer first woman to amass $100bn fortune

L'Oréal heiress Françoise Bettencourt Meyer first woman to amass $100bn fortune
L'Oréal heiress Françoise Bettencourt Meyer first woman to amass $100bn fortune

We show you our most important and recent visitors news details L'Oréal heiress Françoise Bettencourt Meyer first woman to amass $100bn fortune in the following article

Hind Al Soulia - Riyadh - PARIS — L'Oréal heiress Françoise Bettencourt Meyers has become the first woman to amass a $100bn (£78.5bn; €90.1bn) fortune, according to a ranking of the richest people in the world.

The French beauty empire founded by her grandfather is on track for its best stock market performance in decades.

L'Oréal shares rose to a record high in Paris on Thursday.

The firm has seen its sales rebound after the pandemic, when people under lockdown used less makeup.

The net worth of Ms Bettencourt Meyers, aged 70, crossed $100bn on the Bloomberg Billionaires Index, making her the 12th richest person in the world.

She is still a distance away from French counterpart Bernard Arnault, who was second on the list with a net worth of $179bn. Arnault is the founder of LVMH, the world's biggest luxury group, which owns a portfolio of high-end brands including Fendi and Louis Vuitton.

L'Oréal did not immediately respond to a BBC request for comment.

Ms Bettencourt Meyers is the vice-chairperson of the company's board. She and her family are the single biggest shareholders of L'Oréal with a stake of around 35%.

She became the reigning heiress of L'Oréal after her mother, Liliane Bettencourt, died in 2017.

Liliane, who was regularly named France's richest person, had maintained close ties with French leaders and embraced the media limelight.

During her later years, she was embroiled in a public fight with Françoise, her only child, who had accused a photographer and socialite of taking advantage of her mother's mental frailty.

"My daughter could have waited patiently for my death instead of doing all she can to precipitate it," she said in a TV interview.

In 2011, a French court ruled that Liliane had a form of dementia, and awarded Françoise control over her wealth and income. Another family member was tasked to look after Liliane's health and physical well-being.

Ms Bettencourt Meyers is said to favour privacy over attending social events frequented by many of the world's wealthy.

She is known to play the piano for several hours a day and has written two books — a five-volume study of the Bible and a genealogy of the Greek gods.

"She really lives inside her own cocoon. She lives mainly within the confines of her own family," said Tom Sancton, who authored the book The Bettencourt Affair. — BBC


These were the details of the news L'Oréal heiress Françoise Bettencourt Meyer first woman to amass $100bn fortune for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Saudi Gazette and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Bangladesh students to keep up protests despite scrapping of most quotas
NEXT US military raises alert level for Europe bases: reports

Author Information

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2077 Sharon Lane Mishawaka, IN 46544, USA Phone: (+1) 574-255-1083 Email: [email protected]