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

FG DECLARES BANDITS AS TERRORIST

Finally, FG declares bandits as terrorists. The Federal Government of Nigeria, has declared bandits as terrorists, The PUNCH has learnt. After weeks of footdragging, the Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), gazetted a court judgement that ordered the government to declare bandits as terrorists. States in the North-West geopolitical zone including Zamfara, Katsina, Sokoto and Kaduna have been ravaged by banditry in the last year. The nefarious activities of the marauders have also spilt into the North Central and other zones in the country. The bandits have killed hundreds of innocent persons, kidnapped several others including schoolchildren, with some still in their custody, while some are nursing injuries sustained during the attacks. Court in Abuja on November 25, 2021, had granted an ex parte application by the Federal Government for Yan Bindiga (Hausa word for gunmen) and Yan Ta’adda (Hausa word for terrorists) to be declared as terror...

National Association of Nigerian Students, NANS Vows To Extend Protest

The National Association of Nigerian Students, NANS, yesterday halted activities at the Murtala Muhammad Airport, Ikeja, in protest against the continued strike of the Academic Staff Union of Universities, ASUU, which has kept students at home for over seven months. The students’ body also vowed to extend the protest to the Apapa Wharf and Tin Can Island ports and the Third Mainland Bridge today. On February 14, 2022, ASUU commenced a strike action to protest the Federal Government’s failure to meet the demands of its members. Amongst which is the non fulfillment by the Federal Government of an agreement it signed with the government in 2009 on Earned Allowances and replacement of Integrated Payroll and Personnel Information System, IPPIS, and University Transparency and Accountability Solution, UTAS.

Crisis In Ukraine/Russia - Nigerian Government To Airlift Nigerians, Evacuation Begins Wednesday

The Minister of Foreign Affairs, Geoffrey Onyeama, in an interview on Channels Television’s programme, ‘Politics Today,' indicated that President Muhammadu Buhari had approved funds for the airlines to evacuate Nigerians. The minister said, “I have been in touch with the ambassador. There are about 150 of them who are looking to cross into Russia and we have asked the ambassador in Russia to try and get a permit for them to transit to Russia and hopefully, by Wednesday we will start deploying planes to start bringing the Nigerians." "There were about 8,000 Nigerians in Ukraine, 5,000 of whom were students. He said. He also made mentioned that the Federal Government had tipped Air Peace and Air Max to airlift the Nigerians who wanted to be evacuated. Earlier on he highlighted how the crisis was being tackled to the members of the Federal House of Representatives. He stated this while giving a brief of the evacuation efforts thus far; "We made Romania the hub and over ...

Welcome To Echo Blog

Search This Blog