Skip to main content

L'Oréal, Françoise Bettencourt Meyers - Amass A Fortune Of $100bn

Isn't this what a majority of us dream of, having so much money to solve almost every problem.

                  Françoise Bettencourt Meyers

Well, a ranking of the richest people in the world, places L'Oréal heiress Françoise Bettencourt Meyers as the first woman to amass a fortune of $100bn (£78.5bn; €90.1bn).

Ms Bettencourt Meyers, is ranked the 12th richest person in the world, her net worth crossed $100bn on the Bloomberg Billionaires Index.

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

On Thursday, the company hit it's best stock market performance in decades. Keeping it on track. with shares rising to a record high in Paris.

The French beauty empire and the world's leading company in cosmetics and beauty, L'Oréal was founded by Ms Bettencourt Meyers's grandfather, Eugène Paul Louis Schueller, he was a French pharmacist and entrepreneur.

The lockdown during the pandemic, had people making less use of makeup. However the firm has seen its sales rebound.

Françoise Bettencourt Meyers net worth is nonetheless a distance away from French counterpart Bernard Arnault, who was second on the list with a net worth of $179bn. Mr 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.

The French businesswoman, is a billionaire heiress, a philanthropist, a writer and the richest woman in the world, with an estimated net worth of US$100 billion as of December 2023, according to Forbes. 


Comments

Popular posts from this blog

Asiwaju Bola Ahmed Tinubu, Wins Big In Governor Nyesom Wike's Local Government Area

The presidential candidate of the All Progressives Congress (APC) Asiwaju Ahmed Bola Tinubu, has won the Obio-Akpor, the Local Government Area of Governor Nyesom Wike in Rivers State by a landslide. Tinubu polled 80,239 votes to defeat the Candidate of the Labour Party (LP), Peter Obi, who came a distant second with 3,829 and the People’s Democratic Party (PDP), who got 368 votes.

Jeff Bezos With GF Lauren Sanchez At The Miami Grand Prix

On Sunday, 06 May 2023, Jeff Bezos and his girlfriend of almost four years, Lauren Sánchez were at the F1 Miami Grand Prix. Jeff Bezos And Lauren Sanchez Top Left At The F1 Miami Grand Prix, Qualifying, Miami International Autodrome, Miami Gardens, Florida, USA – 06 May 2023 Lauren Sanchez, 53, a former Newscaster, was spotted in a crop top and jeans alongside her billionaire boyfriend Jeff Bezos, 59, in Miami, while attending the Miami Grand Prix. They held hands as they arrived at the Formula One Grand Prix event. Jeff Bezos with a net worth of US$125 billion as of April 2023, arrived in the team village at the Formula 1 Crypto.com Miami Grand Prix in Miami, Florida on May 6, 2023. Bezos is the third-wealthiest person in the world and was the wealthiest from 2017 to 2021, according to both the Bloomberg Billionaires Index and Forbes. Credit: Hollywood life.com, Wikipedia