L’Oréal Heiress Françoise Bettencourt Meyers Becomes First Woman to Amass $100 Billion Fortune

Her Wealth Surges by 40% in 2023 Amid Boom in Makeup and Cosmetic Sales, Propelling L'Oréal's Shares to Record Highs

Françoise Bettencourt Meyers, heiress of L’Oréal, has become the first woman to amass a net worth of $100 billion, according to the Bloomberg Billionaires Index.
Bettencourt Meyers' wealth increased by 40%, or $28.6 billion, in 2023, as the boom in makeup and cosmetic sales sent L'Oréal's shares climbing.
She and her family hold an almost 35% stake in L’Oréal, making them the largest shareholders in the company.
L’Oréal's shares have climbed more than 35% this year, and the company is on track for its best stock market performance in decades.
Bettencourt Meyers also serves as chair of Téthys, the holding company that holds the family’s stake in L’Oréal, and has ventured into diverse investments through subsidiary Téthys.