- Françoise Bettencourt Meyers
- L’Oréal’s Success
- Family’s L’Oréal Stake
The matriarch of L’Oréal, Françoise Bettencourt Meyers, has surpassed all men in terms of wealth accumulation to reach $100 billion (£78.5 billion; €90.1 billion), according to a list of the world’s wealthiest individuals.
Her grandfather established the French cosmetics empire, which is poised to achieve its highest-performing stock market performance in decades.
On Thursday, L’Oréal shares reached an all-time high in Paris.
Since the pandemic, the company has experienced increased sales as individuals under confinement utilized fewer cosmetics.
Ms. Bettencourt Meyers, 70 years old, ascended to the twelfth position on the Bloomberg Billionaires Index in terms of net worth, surpassing $100 billion.
With a net worth of $179 billion, she is still a considerable distance behind her French counterpart Bernard Arnault, who ranks second on the list. Mr. Arnault established LVMH, the largest luxury conglomerate globally, where he maintains a portfolio comprising prestigious labels such as Fendi and Louis Vuitton.
Françoise Bettencourt Meyers’ Leadership and Family Saga
Bettencourt Meyers serves as the organization’s vice-chairman of the board. She and her family possess an approximate 35% stake in L’Oréal, making them the company’s largest shareholders.
She ascended to the throne of L’Oréal following the 2017 demise of her mother, Liliane Bettencourt.
Consistently ranked as the wealthiest individual in France, Liliane cultivated intimate connections with French authorities and relished the scrutiny of the media.
In her later years, she was involved in a public dispute with her only child, Françoise, who had levelled allegations against a socialite and photographer, alleging that the latter was exploiting her mother’s mental fragility.
She said in a television interview, “My daughter could have waited patiently for my death rather than doing everything in her power to hasten it.”
A French court declared in 2011 that Liliane was suffering from a form of dementia and granted Françoise authority over her income and property. It was the responsibility of another family member to ensure Liliane’s physical health and well-being.
Privacy is reportedly more important to Ms. Bettencourt Meyers than attending social events attended by many of the world’s affluent.
Renowned for playing the piano for several hours daily and authoring two books: a five-volume biblical study and a genealogy of the Greek gods, she stands out.
“In reality, she inhabits a cocoon of her own.” “She primarily resides within the boundaries of her immediate family,” the author of The Bettencourt Affair, Tom Sancton, stated.
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