• Françoise Bettencourt Meyers, the inheritor to the L’Oréal magnificence empire is price over $100 billion.

  • The 70-year-old is the primary girl to be price over $100 billion.

  • L’Oréal’s inventory are up 35% year-to-date after hitting a document excessive on Thursday.

Françoise Bettencourt Meyers, the inheritor to the L’Oréal magnificence empire has change into the primary girl on this planet to be price over $100 billion, in accordance with the Bloomberg Billionaires Index.

Bettencourt Meyers’ fortune crossed the $100 billion mark because of an increase in L’Oréal S.A. inventory, which hit a document excessive on Thursday. On Thursday, her web price reached $100.1 billion, per Bloomberg.

The 70-year-old and her household maintain a stake of about 35% in L’Oréal, which makes them the biggest shareholders within the firm based by her grandfather in 1909.

Bettencourt Meyers — who can be the world’s richest girl — inherited tens of billions of {dollars}, in addition to belongings equivalent to mansions when her mom, Liliane Bettencourt, died in 2017. The 2 had been embroiled in a household feud over her inheritance.

Identified to be reclusive, Bettencourt Meyers spends her days at residence studying or taking part in the piano, Vanity Fair reported in 2017. She can be the creator of two books: a five-volume study of the Bible and a genealogy of Greek gods.

The world’s second-richest girl at the moment is American Alice Walton, an inheritor to a different retail empire: Walmart. Walton’s fortune is price $70 billion.

Although Bettencourt Meyers’ fortune has reached the $100 billion milestone, making her the twelfth richest particular person on this planet, her wealth continues to be behind fellow French retail mogul Bernard Arnault.

Arnault, the founding father of LVMH Moët Hennessy Louis Vuitton, is the world’s second-richest particular person — after Elon Musk — with a web price of $179 billion.

L’Oréal shares closed 0.6% greater at 451.30 euros on Thursday. The inventory is up 35% year-to-date.

Learn the unique article on Business Insider

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