L’Oréal heir Francoise Bettencourt Meyers has become the first woman to amass a $100 billion fortune, a milestone for her and for France’s expanding fashion and cosmetics industries.
Meyers wealth jumped to $100.2 billion at the end of 2023, according to the Bloomberg Billionaires Index. The milestone came as shares of L’Oréal, the beauty products empire founded by her grandfather, rose to a record high according to records.
Despite the gain, Bettencourt Meyers’ fortune is still significantly less than that of fellow French compatriot Bernard Arnault, who is the founder of luxury goods Moet, Hennessy Louis Vuitton, second in the global ranking with $179.4 billion as of the year close.
Additional report by AFP news.
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