Françoise Bettencourt Meyers, the heiress of the cosmetics giant L’Oréal, has made history by becoming the first woman in the world to reach a net worth of $100.2bn. This remarkable achievement places her 12th in the global ranking of billionaires.
Legacy of L’Oréal
L’Oréal, the company that contributed to her immense wealth, was founded in 1909 by her grandfather, Eugène Schueller. Over the years, L’Oréal has grown into the world’s largest cosmetics company, specializing in various areas including hair color, skincare, sun protection, makeup, and hair care.
Impressive growth
Bettencourt Meyers’ fortune has seen an impressive increase of $28.6bn since the beginning of the year. This growth is largely attributed to her substantial stake in L’Oréal, which she and her family own around 33% of.
Life dedicated to philanthropy
Born on July 10, 1953, in the French city of Neuilly-sur-Seine, Bettencourt Meyers is not only a successful businesswoman but also a dedicated philanthropist. She is a co-founder of the Bettencourt-Schueller Foundation, an organization named after her grandfather, Eugène Schuller.
The foundation, established in 1987, aims to contribute to the success of France and promote its influence by supporting talented individuals in the fields of life sciences, arts, and solidarity. Every year, the organization issues cash grants to talented young scientists.
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