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

Scotland Moves to Pardon Thousands Executed as Witches—400 Years

Scotland Moves to Pardon Thousands Executed as Witches—400 Years LaterDecades after women tried in Salem, Mass. were exonerated, campaigners in Scotland are calling for a reckoning with their country’s violent past. MAGGIE WALL'S MEMORIAL NORTH BERWICK, SCOTLAND—THE WIND BLEW HARD ONE FALL NIGHT HERE IN 1589. SO MUCH SO THAT KING JAMES VI CONCLUDED THAT WITCHES MUST HAVE GATHERED IN THIS FISHING TOWN TO CONJURE UP THE STORM THAT DELAYED THE ARRIVAL OF HIS NEW BRIDE, THE SISTER OF THE DANISH KING. Much of Europe had succumbed to a mania about witchcraft, just over a hundred years before a similar frenzy swept over the town of Salem, Mass. This move will see, Scotland giving pardon to thousands of women executed for witchcraft centuries ago. The Scottish Parliament could soon consider pardons for thousands of people - mostly women - who were put on trial and executed centuries ago for witchcraft. Scottish parliament member Natalie Don wrote on social media that she wou...

Dowen College-Slylvester Oromoni

Sylvester Oromoni: Autopsy report out, exonerates house master, others from murder Suspects released on bail. We await Toxicology report to determine cause of death- Police. The autopsy report conducted on the corpse of late Sylvester Oromoni, alleged victim of bullying, at the Dowen College, Lagos, is out. The report however, exonerated the school’s House Master and other students arrested in connection with the alleged murder. Consequently, the suspects who have been in Police custody at the State Criminal Investigation and Intelligence Department, Yaba, for over three weeks, were released last week Thursday, on bail. It would be recalled that the deceased, who was a Junior Secondary School 2 student of the school and a boarder, was rushed to his parents home in Warri, Delta State two months ago, owing to some injuries he sustained while playing football, according to the school. But his parents faulted the school’s claim, disclosing rather, that their so...

AYU-You Were Brought From The Gutter, From Nothing-Governor Nyesom Wike To Senator Iyorchia Ayu (The PDP Chairman)

On Thursday, the Rivers State Governor Nyesom Wike replied the chairman of the People’s Democratic Party (PDP) Iyorchia Ayu by blasting him for referring to some members of the party as children. While speaking in an interview with BBC Hausa on Wednesday, Ayu said those demanding his resignation are children. “When we started the PDP journey, we did not see these children. They are children who do not know why we established this party,” he had said. We will not allow one person to come and destroy our party." Speaking on Thursday at the inauguration of roads in Ikwerre LGA of the state, Wike said those who Ayu described as children brought him from nothing to be chairman of the party. He said if Ayu remains arrogant and refuses to resign, it may cost the PDP the 2023 presidential election. “You can imagine what power can do. You can imagine how ingratitude — how people can be ingrates in their lives,” Wike said. “I thought as a chairman of a party who want...

Welcome To Echo Blog

Search This Blog