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

President Muhammadu Buhari Confers The Grand Commander Of The Order Of Niger, GCON, On Ibrahim Tanko, Ex-Chief Justice Of Nigeria (CJN), Who Only Just Resigned. New CJN SWORN IN.

Justice Olukayode Ariwoola, New CJN Justice Tanko Ibrahim resigned as the Chief Justice of Nigeria on Monday. President, Major General Muhammadu Buhari (retd.), swore in Justice Olukayode Ariwoola as the acting CJN. In a brief ceremony which was witnessed by Vice President Yemi Osinbajo, Chief of Staff to the President, Prof. Ibrahim Gambari, the Attorney General of the Federation, AGF and Minister of Justice, Abubakar Malami and some Justices the of Supreme Court.                     Ibrahim Tanko Ex CJN The immediate past CJN Ibrahim Tanko was on Monday conferred with The Grand Commander Of The Order Of Niger, GCON Justice Olukayode Ariwoola, was also sworn-in as the Acting CJN,  at the Presidential Villa, Abuja.             Justice Olukayode Ariwoola, New CJN The Grand Commander of the Order of Niger, GCON, is second to the highest honour in the country. President Buhari showered encomium at Tan...

The World News In A Flash

CGTN NEWS: ▪COVID-19: Over 100,000 hospitalized in U.S. for 1st time in 4 months. ▪Swedish King, Queen test positive for COVID-19. ▪French lawmakers debate controversial COVID-19 ‘vaccine passes’. ▪OPEC+ agrees to increase oil output. ▪Japan, U.S. ministers to hold 'two-plus-two' talks. ▪Attack hits U.S. military camp in Iraq. ▪WHO official warns of newer, more dangerous coronavirus variant. ▪DPRK fires unidentified projectile towards eastern waters. ▪U.S. reports over 1m COVID-19 cases in a day, setting global record. ▪CES consumer technology show takes place in Las Vegas and online. ▪The sports of the Beijing 2022 Winter Olympics. ▪U.S. alpine skiers expecting to compete at the Beijing Winter Olympics. ▪Quick-thinking AI robots sort waste, boost recycling in Finland. ▪Who will be Italy's next President? ▪CES consumer technology show takes place in Las Vegas and online. ▪The sports of the Beijing 2022 Winter Olympics. ▪Kazakh govt resigns, emergencies declared in cities, p...

Food For The Brain

Have Fun! Take A Break From Life's Hustle.