At the age of 70, Françoise Bettencourt Meyers has etched her name in history as the first woman to amass a $100 billion fortune. It’s another milestone for her and for France’s cosmetics industry and fashion. This heir to the L’Oréal empire reigns not only as the richest woman globally but also sits comfortably as the 12th wealthiest individual.
The recent surge in Bettencourt Meyers’ wealth can be attributed to L’Oréal’s soaring stock prices.This financial climb followed her inheritance of the L’Oréal fortune upon her mother’s passing in 2017. Despite a complex relationship with her mother, Bettencourt Meyers has proven adept at managing her family’s wealth and steering L’Oréal towards continued success.
A Legacy of Beauty and Billions
Bettencourt Meyers’ wealth stems from her family’s long-standing association with L’Oréal, the cosmetic giant valued at a staggering $268 billion. Her family, holding nearly 35% of the company’s stake, is its largest shareholder. Her sons, Jean-Victor and Nicolas Meyers, further solidify the family’s influence by serving as directors in the company.
While her role as L’Oréal’s vice-chair keeps her connected to the beauty industry. Her life extends far beyond boardrooms. She is known for her artistic pursuit and reclusive nature. She plays piano for hours daily.
A Guiding Hand for Future Ventures
Bettencourt Meyers’ influence extends beyond L’Oréal through her role as chairperson of Tethys, her family’s holding company. Partnering with her husband, Jean-Pierre Meyers, who serves as CEO, they established Tethys Invest SAS in 2016. This venture focuses on long-term investments in entrepreneurial projects that, notably, do not compete with L’Oréal.
She is the world’s wealthiest woman, yet known for her privacy. While her journey is undoubtedly intertwined with L’Oréal, her ventures beyond the cosmetic giant paint a picture of a woman with diverse interests and ambitions.
As she continues to lead L’Oréal and guide Tethys’ investments, one can only wonder what the future holds for this remarkable woman who has already shattered glass ceilings and redefined what it means to be the world’s richest woman.