To become the first woman to own a $100 billion fortune, Francoise Bettencourt Meyers

Heiress L’Oreal By the time the Bloomberg Billionaires Index reaches $100.1B, Francoise Bettencourt Meyers has amassed an unprecedented $100 billion fortune. She is 70 years old and serves as vice-chair of the L’Oréal board

Francoise Bettencourt Meyers is the first woman in history to have amassed a fortune of an astounding $100 billion. This incredible accomplishment not only solidifies her position as a major player in the global financial arena, but it also marks a critical turning point for France’s growing fashion and cosmetics sectors.

Growth to $100.1 Trillion

According to the Bloomberg Billionaires Index, Bettencourt Meyers’ wealth increased to an incredible $100.1 billion. The shares of L’Oréal SA, the company her grandfather founded that manufactures beauty goods, reached a record high at the same time as this historic event. With the stock expected to have its greatest year since 1998, she maintains her ranking as the 12th richest person in the world, only behind Mexico’s Carlos Slim.

Personal Life and Heritage

Reclusive by nature, Bettencourt Meyers avoids the glittering social settings that represent the global affluent elite. Apart from her commercial acumen, she is also known for her intellectual interests. She is the author of two volumes, one of which is a five-volume study of the Bible and the other is a genealogy of the Greek gods. She is a passionate pianist who practices for hours every day.

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The Legacy of L’Oreal

Seventy-year-old Bettencourt Meyers is vice-chair of the board of L’Oréal, a multinational conglomerate valued at €241 billion ($268 billion). With a nearly 35 percent stake, her family is by far the largest stakeholder. L’Oréal, which was founded in 1909 by her grandfather Eugene Schueller, a chemist, has been associated with success and innovation in the cosmetics sector. After her mother Liliane Bettencourt passed away in 2017, Bettencourt Meyers, being the only child, inherited her riches.

L’Oréal’s Future Prospects and Resilience

L’Oréal grew quickly in the ten years preceding the pandemic in spite of obstacles. Following the subsequent decline during the health crisis, when people used less makeup during lockdowns, there was a quick recovery as people splurged on upscale goods. The company’s stock has increased by 35% just this year, and analyst Brett Cooper of Consumer Edge Research believes that the company’s product and regional diversity are two of its main advantages. Cooper also projects that the stock could increase by 12% more in the upcoming year.