On Thursday, Francoise Bettencourt Meyers turned the richest lady on the earth as her web value crossed $100 billion, based on the Bloomberg Billionaires Index.
Meyers, who hails from France, is the heiress of L’Oreal, the world’s largest cosmetics firm. In accordance with the index, she is the twelfth richest individual on the earth. Meyers is the granddaughter of Eugène Schueller who based L’Oreal. She, alongside together with her household, owns greater than 34 per cent stake within the firm.
Shares of L’Oreal have been witnessing a bull run this yr, closing at a document excessive on Thursday. Amid the rising demand for luxurious beauty merchandise publish the pandemic interval, shares of the corporate rose greater than 35 per cent in 2023
Seventy-year-old Meyers inherited the corporate’s shares from her mom Liliane Bettencourt, daughter of Schueller.
She is the chairwoman of Téthys, the holding firm of the Bettencourt Meyers household, the most important shareholder of L’Oréal. The billionaire businesswoman can be the vice chairwoman of L’Oreal Group’s board of administrators.
Within the billionaire index, she is simply forward of India’s Mukesh Ambani and behind Mexican enterprise magnate and investor Carlos Slim. Whereas Elon Musk, with a web value of $232, tops the checklist, Meyers’ compatriot, Bernard Arnault, chairman of LVMH Moet Hennessy Louis Vuitton, the world’s largest maker of luxurious items, is the second within the billionaire’s checklist with a fortune value $179 billion.
