September 25, 2023


Youth trendy style

World’s richest woman, Francoise Bettencourt Meyers gains $12 billion in 6 months

The world’s richest girl billionaire, Francoise Bettencourt Meyers is presently approximated to be really worth $87.8 billion thus submitting a prosperity attain of $12 billion since the start out of 2021.

She controls about 33% of L’Oréal, the world’s biggest cosmetics maker. The French girl is also the chairwoman of the holding company that retains the family’s stake, which was attributed to her mother until eventually her death about 4 years back.

The French-based cosmetic large also owns the Lancome and Garnier brands and realised a profits of about $32 billion very last calendar year. L’Oréal is recognised for providing cosmetic goods that include things like mascara, lip gloss, foundation, nail polish, lipstick, experience powder, eyeshadow, primer, blusher, and concealer, as properly as, hair, pores and skin, and human body treatment merchandise.

Read: Africa’s richest girl promises selection to freeze her property was based mostly on “fake passport”

Francoise Bettencourt Meyers’s net really worth of $87.8 Billion could presently get 49.2 million troy ounces of gold or 1.15 billion barrels of crude oil. At the time of writing this report, the 68-year-aged billionaire holds an approximated amount of $5.7 billion in cash.

She is the granddaughter of Eugene Schueller, the founder of L’Oreal and was born in 1953 to Andre and Liliane Bettencourt. The world’s eleventh richest woman and mother of two resides in Paris, France. Just one of her two sons, Jean-Victor Meyers, changed Liliane Bettencourt (grandmother), on L’Oréal’s board about 9 many years back.

Study: Jeff Bezos, world’s richest man earns $3.4 billion in a working day

Value steps on the blue-chip inventory demonstrate the Paris shown enterprise has been in a prolonged-term upward trend considering that about a calendar year in the past and has obtained 30% in value during the period.

The business presently has a market place valuation of about 208.93 billion Euros.

Nestlé is the 2nd-major shareholder with its stake presently at 23.29%. The Swiss food business has two representatives on the Board of Directors of L’Oréal.