L'Oreal Heiress Françoise Meyers 1st Woman With $100-B Fortune

Françoise Bettencourt Meyers, the L’Oréal heiress and the richest woman in the world, has become the first woman to hold a $100 billion fortune, Bloomberg reported, and Ramishah Maruf reported for CNN.

Bettencourt Meyers is the chairwoman of the family’s holding company, Tethys, and is the vice chairwoman of L’Oréal Group’s board of directors. I Photo: TING-FANG LI Flickr

The Bloomberg Billionaire’s Index, which reflects changes as of 5 p.m. ET of the previous trading day, lists Bettencourt Meyers as the 12th richest person, just ahead of Mukesh Ambani and behind Carlos Slim, who recently became the first person from Latin America to cross the $100 billion threshold.

The world’s largest cosmetics company, which owns a wide portfolio of brands from Lancome to Maybelline, L’Oréal had more than €38 billion ($42 billion) in sales in 2022, according to company reports.

L’Oréal’s stock is at a record high.

The stock has risen 35% this year as consumers have continued splurging on luxury products since the pandemic. L’Oréal said that in 2022, Bettencourt Meyers and her family owned more than 34% of the company’s stock.

Bettencourt Meyers was the only child of Liliane Bettencourt, whose father, Eugène Schueller, founded the L’Oréal Group. She inherited her mother’s holdings when Bettencourt died in 2017.

Bettencourt Meyers is the chairwoman of the family’s holding company, Tethys, and is the vice chairwoman of L’Oréal Group’s board of directors, Michelle Toh also reported for CNN.

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