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

Covid-19 Vaccines- Your Options

CDC recommends people not get J&J vaccine if Pfizer, Moderna are available. CDC Director Dr. Rochelle Walensky signed off on language that says the mRNA vaccines from Pfizer and Moderna are the "preferred" options over Johnson & Johnson's. People shouldn’t get the Johnson & Johnson Covid-19 vaccine when the Pfizer-BioNTech and Moderna shots are available, the Centers for Disease Control and Prevention said Thursday. The recommendation, from CDC Director Dr. Rochelle Walensky, came hours after members of the agency's Advisory Committee on Immunization Practices voted in favor of the guidance. The panel convened following an update from the Food and Drug Administration on the risk of rare but potentially life-threatening blood clots linked to the Johnson & Johnson vaccine. At least 54 people in the U.S., most of them women, have been hospitalized by the blood clots, and nine people have died. "Today’s updated recommendation emphasizes CDC’s commitm...

APC Convention Holds 26th March 2022

The All Progressives Congress (APC) ha s now scheduled it's National Convention for..,. The convention will now hold on March 26, the date earlier slated for the conduct of its zonal congresses. Sen. John Akpankudohede, National Secretary, CECPC, APC said this when he spoke with newsmen shortly after the committee’s closed-door meeting in Abuja on Monday. "Activities for the National Convention would commence on February 24," Akpankudohede said.

Israel To Pump Water From The Mediterranean sea, To Top Up The Sea Of Galilee

The Sea of Galilee, Israel, despite its name, the Sea of Galilee in northern Israel is actually a freshwater lake, and it's one that has sustained life for millennia. Even today, the lake irrigates vineyards and local farms that grow everything from green vegetables to wheat and tangerines. Its archeology, hot springs and hiking trails bring tourism and livelihoods for local communities. But this place of religious pilgrimage — where the New Testament says many of Jesus' miracles were performed — is facing a bleak future, CNN reports. The climate crisis is causing huge fluctuations in the lake's water levels. Now it happens to be fairly full, but just five years ago, it hit a record low. Climate change and unsustainable water management are leaving lakes dried up all over the Middle East and beyond, but the Israeli government is hopeful it has a solution: It plans to pump water from the Mediterranean sea, take the salt out of it and send it across the country to top up th...

Welcome To Echo Blog

Search This Blog