Francois Bettencourt Meyers has become the first woman in the world to own 10 billion dollars (100 billion). She is now the richest woman in the world. This information was reported by Business Insider with reference to the report published by Bloomberg on Thursday.
Francois is the 12th richest person in the world, according to the latest Bloomberg Billionaires Index. Behind him is Indian billionaire Mukesh Ambani. First there is Carlos Slim, the billionaire of Latin America.
The French billionaire is the vice chairwoman of the world famous cosmetics brand L’Oreal. She is the granddaughter of L’Oreal founder Eugene Schuler. Francois is currently in control of the company. American broadcaster CNN reported that Francois and his family members own 35 percent of L’Oreal.
L’Oreal’s market share has increased by 35 percent this year. Capital market experts say, this is a record after the corona epidemic.
French businessman Eugène Schuller founded L’Oréal Group in 1909. The company was later inherited by his daughter Lillian Bettencourt. When Lillian died in 2017, L’Oréal was inherited by François Bettencourt. She is now the vice chairwoman of the board of directors of the L’Oréal Group and the chairwoman of the family holding company Tethys.
L’Oreal is one of the largest cosmetics companies in the world. L’Oreal sold 42 billion or four thousand billion dollars worth of products last year. This information is known from the annual report of the company.
Vanity Fair reported that François spends his leisure time at home playing the piano and reading books. Apart from this, he also writes. He has already published two books.
Currently, the second richest woman in the world is the heiress of the famous American company Walmart, Alice Walton. His wealth is 70 billion dollars.