The first woman to have $100 billion.

Francoise Bettencourt Meyers, the world's richest woman, has just seen her net worth reach $100 billion.

According to the Bloomberg Billionaire's Index , as of December 28th, Francoise Bettencourt Meyers, heiress to the L'Oreal cosmetics empire, has become the first woman in the world to possess $100 billion.

She is currently the 12th richest person on the planet, ahead of Indian billionaire Mukesh Ambani. Since the beginning of the year, her fortune has increased by $28.6 billion, thanks to L'Oreal's stock rising 35% this year. Global consumers have continued to spend heavily on luxury goods since the pandemic began.

According to Forbes ' list of billionaires, Bettencourt Meyers' net worth is also close to $100 billion. Currently, she has $99.6 billion.

Francoise Bettencourt Meyers is currently the world's richest woman. Photo: Reuters

L'Oreal announced in 2022 that Bettencourt Meyers and her family owned more than 34% of the cosmetics empire. This helped her maintain her position as the world's richest woman for many years. She is the granddaughter of L'Oreal founder Eugène Schueller.

Bettencourt Meyers first appeared on the lists of the wealthiest people in 2018, following the death of her mother, Liliane Bettencourt. She is currently the chair of her family's investment company, Tethys, and a Vice President of the L'Oreal Group.

However, within the luxury goods industry, Bettencourt Meyers' wealth is still considerably less than that of LVMH Chairman Bernard Arnault. The owner of the world's largest luxury goods manufacturer is currently the second richest person on the planet, with $179 billion, according to the Bloomberg Billionaires Index.

L'Oreal Group is the world's largest cosmetics empire, owning brands such as Lancome and Maybelline. Last year, the group's revenue exceeded 38 billion euros (42 billion USD).

Earlier this year, L'Oreal acquired the Australian brand Aesop for $2.5 billion. This is the company's largest merger and acquisition (M&A) deal to date. The previous record was the $1.7 billion acquisition of YSL Beauté in 2008.

Ha Thu (according to CNN, Forbes)

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