Françoise Bettencourt Meyers, holding an impressive net worth of $87.8 billion as of September 18, 2023, secured her place as the world’s wealthiest woman. The vast majority of this fortune springs from her one-third stake in L’Oréal, a legacy passed down from her mother, Liliane Bettencourt, in 2017.
Establishing itself as the world’s premier cosmetics maker, L’Oréal witnessed a staggering revenue of $41.9 billion in 2022. Boasting popular brands like Lancome and Garnier, it’s no surprise the company has been a treasure trove for the Bettencourt Meyers family.
Summary of how did françoise bettencourt meyers get rich
| Aspect | Detail |
|---|---|
| Net Worth | $87.8 billion (As of September 18, 2023) |
| Main Source of Wealth | One-third stake in L’Oréal |
| Major Brands Owned by L’Oréal | Lancome, Garnier |
| L’Oréal’s 2022 Revenue | $41.9 billion |
| Position in L’Oréal | Chairwoman of family holding company (Tethys) |
The Roots of L’Oréal Empire
Tracing back to 1909, Eugène Schueller, Françoise’s grandfather, laid the foundation stone of L’Oréal. Fast forward to today, the family holds a commanding 33% of L’Oréal’s stock, making them the most substantial shareholders. Taking the reins, Françoise now sits as the chairwoman of the family’s holding entity, Tethys.
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Another significant aspect of her journey to riches was the passing of her mother, Liliane Bettencourt, in 2017. As the curtains fell on the era of the then-world’s richest woman, Françoise assumed her role, inheriting not just wealth but also immense responsibilities.
The Financial Euphoria
Navigating through the world of cosmetics, L’Oréal stands as the titan, with its revenue figures echoing the same. The revenues, touching $41.9 billion in 2022, further solidify the family’s affluence. Renowned brands like Lancome and Garnier act as the company’s crown jewels.
Tracing the Journey of Wealth
The timeline of Françoise’s wealth is nothing short of fascinating. Her inheritance in 2017 marked her net worth at a commendable $65 billion. Fast forward to today, this figure has soared by over $20 billion.
Unraveling Inheritance and Ownership
French inheritance laws stipulated that Françoise was entitled to a minimum 50% of her mother’s estate. Coupled with her inheritance, she also claimed the title of chairwoman of Tethys, giving her unparalleled control over the family’s L’Oréal stake.
Chronicles of Françoise’s Wealth Journey
Here’s a glimpse into the key landmarks in Françoise Bettencourt Meyers’ wealth voyage:
- 1953: The world welcomes Françoise, born to André and Liliane Bettencourt.
- 1964: L’Oréal announces the acquisition of Lancome.
- 1997: A new chapter, as Françoise becomes a director at L’Oréal.
- 2012: Climbing the ladder, she’s named the chairwoman of Tethys.
- 2017: A bittersweet moment as Liliane Bettencourt departs, leaving Françoise her L’Oréal stake.
Concluding Thoughts
Françoise Bettencourt Meyers’ affluence stands as a testimony to L’Oréal’s unmatched success, a legacy crafted over a century ago. Spearheading this legacy, she has masterfully guided the company’s growth, establishing herself as an undoubted titan in the cosmetics realm.
FAQs
Q: How did Françoise Bettencourt Meyers accumulate her wealth?
A: Inheriting a significant one-third stake in L’Oréal from Liliane Bettencourt in 2017 positioned Françoise Bettencourt Meyers as the world’s wealthiest woman.
Q: As of September 18, 2023, what is Françoise Bettencourt Meyers’ net worth?
A: Her net worth is a staggering $87.8 billion.
Q: What’s Françoise Bettencourt Meyers’ role concerning L’Oréal?
A: She presides as the chairwoman of Tethys, the family holding company, controlling about 33% of L’Oréal’s stock. Furthermore, she’s a director at L’Oréal.
Q: Which asset contributes the most to Françoise Bettencourt Meyers’ net worth?
A: Her stake in L’Oréal stands out as her most valuable asset.
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