Bettencourt Meyers: World's Richest Woman Achieves Historic $100 Billion Fortune Milestone


Bettencourt Meyers, aged 70, is the sole largest stakeholder of L'Oreal, a global conglomerate valued at a staggering £241 billion ($268 billion). Notably, she stands as the 12th-richest individual globally, marking a significant milestone in the world of wealth accumulation.

The heiress achieved another remarkable feat as she became the first woman to amass a fortune exceeding $100 billion, according to the Bloomberg Billionaires Index. This milestone coincided with a surge in the shares of L'Oreal SA, the beauty products empire established by her grandfather, reaching a record high. The stock is on track for its most successful year since 1998.

Despite this substantial increase in wealth, Bettencourt Meyers' financial standing remains below that of her French counterpart Bernard Arnault, the visionary behind the luxury goods retailer LVMH Moet Hennessy Louis Vuitton SE. Arnault currently holds the second position globally with a fortune amounting to $179 billion. Nevertheless, Bettencourt Meyers surpasses other notable figures such as India's wealthiest man Mukesh Ambani, philanthropist Ratan Tata, and industrialist Gautam Adani.

Bettencourt Meyers, at 70, not only holds the prominent position as the primary stakeholder in L'Oreal, a global giant valued at £241 billion ($268 billion) but also ranks as the 12th-richest person globally, closely trailing Mexico's Carlos Slim. Additionally, she serves as the vice-chair of the board of directors. Her sons, Jean-Victor and Nicolas Meyers, are filmmakers, further contributing to the family's legacy.

Moreover, Bettencourt Meyers assumes the role of chair at Tethys, the family's holding company that encompasses L'Oreal. Jean-Pierre Meyers, her spouse, operates as the CEO of Tethys. The couple founded Tethys Invest SAS, a subsidiary dedicated to investments in non-competing markets, in 2016.

The roots of L'Oreal trace back to 1909 when Bettencourt Meyers' grandfather, Eugene Schueller, a chemist, established the company to produce and sell a hair color he had invented. The firm was managed by non-family executives for an extended period.

In contrast to the lavish social lifestyles often associated with affluence, Meyers embraces a more solitary existence. Alongside her extensive philanthropic pursuits, which include writing two books—a five-volume Bible study and a genealogy of the Greek gods—she is renowned for her daily, hours-long piano sessions. This unique blend of success, family leadership, and a devotion to personal pursuits sets Bettencourt Meyers apart in the realm of global wealth and influence.

 

 

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