Overview

• Francoise Bettencourt Meyers, the granddaughter of the founder of French beauty brand L’Oreal, has become the first woman to amass a $100 billion fortune.
• Her wealth comes primarily from her family's roughly 35% stake in L’Oreal, the world’s largest cosmetics company.
• L’Oreal's stock has risen 35% this year as consumers have continued splurging on luxury products since the pandemic.
• Bettencourt Meyers is the vice-chair of the board of L’Oreal and also chairs her family’s holding company, Téthys, which holds the L’Oreal stake.
• Despite her immense wealth, Bettencourt Meyers is known for her reclusive lifestyle, shunning the glitzy social life often associated with the world's wealthy.