Friday, December 29, 2023

"Françoise Bettencourt Meyer: L'Oréal heiress first woman to amass $100bn fortune"

From the BBC, Dec 28:

L'Oréal heiress Françoise Bettencourt Meyers has become the first woman to amass a $100bn (£78.5bn; €90.1bn) fortune, according to a ranking of the richest people in the world.

The French beauty empire founded by her grandfather is on track for its best stock market performance in decades.

L'Oréal shares rose to a record high in Paris on Thursday.

The firm has seen its sales rebound after the pandemic, when people under lockdown used less makeup.

The net worth of Ms Bettencourt Meyers, aged 70, crossed $100bn on the Bloomberg Billionaires Index, making her the 12th richest person in the world.

She is still a distance away from French counterpart Bernard Arnault, who was second on the list with a net worth of $179bn. Mr Arnault is the founder of LVMH, the world's biggest luxury group, which owns a portfolio of high-end brands including Fendi and Louis Vuitton....

....MUCH MORE