Francoise Bettencourt Meyers, the L’Oreal heiress and richest woman in the world, has become the first woman to hold a $100 billion fortune, Bloomberg reported Thursday. According to L’Oréal, in 2022 Bettencourt Meyers and her family owned more than 34% of the company’s stock. Bettencourt Meyers was the only child of Liliane Bettencourt, whose father, Eugène Schueller, founded the L’Oréal Group. Bettencourt Meyers is the chairwoman of the family’s holding company, Tethys, and is the vice chairwoman of L’Oreal Group’s board of directors. Bettencourt Meyers’ fortune still relatively pales in comparison to LVMH chair Bernard Arnault, the world’s largest maker of luxury goods.

Source: CNN December 29, 2023 00:05 UTC