Meet the First $100 Billion Lady within the World

Françoise Bettencourt Meyers was already the richest girl on the earth, however on Thursday, she hit a brand new milestone—the primary feminine to build up a staggering fortune of over $100 billion ($100.2 billion, to be actual), in line with the Bloomberg Billionaires Index.

Bettencourt Meyers, the granddaughter of L’Oreal founder Eugène Schueller, is the vice-chair of L’Oréal’s board and, alongside her household, is the prime stakeholder with roughly 35% of its shares.

Her spike in wealth got here as L’Oréal SA shares reached unparalleled heights, positioning the corporate to have one among its most profitable years in over twenty years.

Though Bettencourt Meyers has surpassed different feminine billionaires, she nonetheless is not one of many high 10 richest folks on the earth. She is not even the wealthiest girl in France. At quantity 12, she trails behind her compatriot Bernard Arnault. The enduring determine behind LVMH Moet Hennessy Louis Vuitton SE is second on the Billionaire’s Index with a fortune of $179.4 billion. Elon Musk holds a cushty lead at $238 billion.

Associated: Meet the World’s Secretive Billionaires Who Give Stealth Wealth a Entire New That means, from Ike Perlmutter to Philip Anschutz

Not your typical $100 billionheiress

In contrast to different billionaires who’re recognized for his or her outsized personalities and opulent existence, Bettencourt Meyers, 70, is rather more personal and introverted—some could even contemplate her a recluse. She has written two books, one on the Bible and the opposite on Greek mythology. She can also be a passionate pianist, recognized to apply for hours a day.

However regardless of making an attempt to remain out of the highlight, Bettencourt Meyers made headlines for nearly a decade combating in courtroom over a few of her inheritance. As recounted within the 2017 Netflix documentary ‘L’Affaire Bettencourt,’ her mom, Lilian, affected by Alzheimer’s illness, needed to provide a billion {dollars} in money, actual property, and artwork to François-Marie Banier, an artist, photographer, and buddy. However Bettencourt Meyers sued him after her mother’s dying. He was finally convicted of abuse.

Associated: An Hermès Inheritor Desires to Give Half His $12 Billion Fortune to His Gardener—and Legal professionals Are Going Nuts

Persevering with a French custom

Based in 1909 by chemist Schueller, L’Oreal is now a $268 billion firm. The corporate is a part of a French custom of vastly profitable luxurious items behemoths. Apart from L’Oréal and LVMH, the European nation has additionally given rise to different rich households, such because the proprietors of Hermès Worldwide SCA and the Wertheimers, who personal Chanel.

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