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L’Oreal heiress is first woman to amass a fortune of $100bn [details inside]

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L’Oreal heiress is first woman to amass a fortune of $100bn [details inside]
L’Oreal heiress is first woman to amass a fortune of $100bn [details inside]
L'Oreal Heiress Is First Woman To Amass A Fortune Of $100bn

L’Oreal Heiress Is First Woman To Amass A Fortune Of $100bnIANS

The L’Oreal heiress and businesswoman, Francoise Bettencourt Meyers, has turn out to be the first woman to amass a fortune of $100bn, media reviews stated.

Bettencourt Meyers, who is French, broke by means of the barrier on Thursday thanks to a rise within the share worth of the cosmetics empire she inherited from her mom, who additionally held the title of the world’s richest woman till her dying in 2017.

L’Oreal was based in 1909 by Eugene Schueller, Bettencourt Meyers’s grandfather, to manufacture and market a hair dye he had invented, The Guardian reported.

Based within the north-western Parisian suburb of Clichy, within the area of Hauts-de-Seine, it has grown into a globe-straddling colossus valued at €241bn (£209bn) on the Paris inventory alternate.

The famously reclusive Bettencourt Meyers, 70, and her household, stay the biggest shareholders with a stake of practically 35 per cent, the worth of which has helped her wealth balloon by $28.6bn this yr to attain $100bn, in accordance to the Bloomberg Billionaires Index.

L'oreal

L’oreal

Bettencourt Meyers was removed from alone in rising richer throughout a yr through which the fortunes of billionaires typically elevated considerably, whilst the fee of dwelling disaster affected international locations the world over.

Of the world’s 50 richest folks, 12 misplaced cash in 2023 whereas the rest watched their piles develop, albeit with out adjusting for inflation.

In a listing dominated by males, largely from the US, Bettencourt Meyers stays twelfth in a rating topped by Elon Musk, the Tesla and SpaceX founder.

Bettencourt Meyers was not the highest-placed French particular person. Bernard Arnault, the luxurious items tycoon, has a $179bn fortune that has grown by $16.9bn in 2023, thanks to the efficiency of his LVMH (Moët Hennessy Louis Vuitton) group.

(With inputs from IANS)

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