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

London-PDP's Presidential Flag bearer, Atiku Abubakar In Talks With Nyesom Wike, Seeks Support. Former President Obasanjo Meets Peter Obi, Nyesom Wike, Samuel Ortom, Others...

Former Vice-President Atiku Abubakar, the Peoples Democratic Party’s presidential candidate, on Thursday met with the Rivers State Governor, Nyesom Wike, in London as part of efforts to resolve the crisis with the governor. In respect to the the ongoing reconciliation, the PDP presidential candidate has called on his supporters and all stakeholders of the party to avoid making statements that were capable of compromising the process. According to him, such reconciliation would further strengthen the party and bring all its leaders together. The former Vice President said these in a statement signed by his Media Adviser, Paul Ibe, in Abuja, on Thursday. He said, “It has become imperative to appeal to all party members, leaders and everyone related to, connected with or associated with the presidential candidate of the PDP, Atiku Abubakar, to desist from making comments that potentially reduce the optics of PDP’s image as a united political party. "This appeal becomes necessary in ...

Ike Ekweremadu’s Daughter Sonia, Passionately Appeals For Kidney Donation

The Daughter Of The Former Deputy President Of The Senate, Senator Ike Ekweremadu, Appeals To Members Of The Public To Donate Kidney To Her. Her parents are currently facing charges of organ harvesting in the United Kingdom. She made the plea via her instagram handle. The statement read, “I, Sonia Ekweremadu, hereby appeal to the general public to come to my aid and save my life. “I am 25 years old and a graduate of Media and Communications, University of Coventry. I dropped out of my post graduate studies at the University of Newcastle in 2019 when I was diagnosed with a rare kidney disease, FSGS Nephrotic Syndrome. "My family has battled to save my life and has taken me to various hospitals, but the illness persisted and kept degenerating. I am alive today by the special grace of God. “I am presently in London, UK, receiving five hours of dialysis three to four times a week. This is at the expense of my family as I am not qualified for NHS due to my immigration status. “The last...

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.

Welcome To Echo Blog

Search This Blog