Meet the world’s richest woman behind L’Oreal’s record-breaking revenue
Francoise Bettencourt Meyers is a billionaire heiress from France and successful businesswoman. Her mother Liliane, who died at the age of 94, left her significant wealth, and with her priority on innovation and excellence making she is at the time of writing of this article the richest woman in the world and in France, with a net worth of $83 billion, according to the Bloomberg Billionaire index. The largest cosmetics manufacturer in the world, L’Oreal, which she controls 33% of, with revenue of 32.3 billion euros ($38.2 billion) in 2021. She also owns a sizeable stake in LVMH, the parent firm of numerous premium brands, as well as Allianz SE.
Francoise Bettencourt Meyers is the chairwoman of the family’s holding company, Tethys, and is required by French inheritance law to receive at least 50% of the estate. She is the granddaughter of Eugene Schueller, who founded L’Oreal, and has led the family’s fortune to new heights. The Bettencourt Meyers family has benefited from L’Oreal‘s prosperity as the cosmetics juggernaut has paid them over 5 billion euros ($6.3 billion) in dividends. She bases her cash investments on their earnings, market performance, insider trading, taxes, and charity giving.
The heir to the L’Oreal cosmetics empire, Francoise Bettencourt Meyers, has distinguished herself in the business world via her noteworthy accomplishments and commitment to the firm. She and her family are the largest shareholders in the business, holding 33.3% of the share capital and having a net worth of approximately $70 billion. Her mother Liliane, who was the company’s greatest shareholder until her passing in 2017, left her a share, which she inherited. She acquired the entire estate as chairwoman of Tethys, the family’s holding company, and Tethys’ prosperity is what makes it so exceptional. The business achieved revenue of 32.3 billion euros ($38.2 billion) in 2021, solidifying its position as the largest manufacturer of cosmetics in the world.
L’Oreal‘s success has been greatly aided by Bettencourt Meyers, who places a priority on innovation and excellence. She has been able to follow other pursuits, like authoring books and contributing millions of dollars to philanthropic causes, thanks to her family’s fortune. Her impact will be felt for years to come, and her tale is a tribute to the strength of perseverance and hard work.
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