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Françoise Bettencourt Meyers, the heiress to the L'Oréal empire, has achieved a significant milestone by becoming the first woman to amass a fortune exceeding $100 billion, according to a global ranking of the wealthiest individuals. The iconic French beauty company, founded by her grandfather, is experiencing a notable uptick in stock market performance, with L'Oréal shares hitting record highs in Paris. At 70 years old, Meyers' net worth crossed the $100 billion threshold on the Bloomberg Billionaires Index, making her the 12th wealthiest person worldwide. Despite this achievement, she remains second to Bernard Arnault, another French magnate and founder of LVMH, the world's leading luxury conglomerate, with an estimated net worth of $179 billion. Under Meyers' leadership as vice-chairperson of the board, L'Oréal has rebounded strongly post-pandemic, particularly as makeup sales recovered following lockdown-induced declines. The Bettencourt family, holding a significant 35% stake, remains the company's largest shareholder. #Loreal #Heir #First #Women #Fortune #Earth #Richest

Françoise Bettencourt Meyers, the heiress to the L'Oréal empire, has achieved a significant milestone by becoming the first woman to amass a fortune exceeding $100 billion, according to a global ranking of the wealthiest individuals. The iconic French beauty company, founded by her grandfather, is experiencing a notable uptick in stock market performance, with L'Oréal shares hitting record highs in Paris. At 70 years old, Meyers' net worth crossed the $100 billion threshold on the Bloomberg Billionaires Index, making her the 12th wealthiest person worldwide. Despite this achievement, she remains second to Bernard Arnault, another French magnate and founder of LVMH, the world's leading luxury conglomerate, with an estimated net worth of $179 billion. Under Meyers' leadership as vice-chairperson of the board, L'Oréal has rebounded strongly post-pandemic, particularly as makeup sales recovered following lockdown-induced declines. The Bettencourt family, holding a significant 35% stake, remains the company's largest shareholder. #Loreal #Heir #First #Women #Fortune #Earth #Richest

Francoise Bettencourt Meyers, the heir to L'Oréal, is now the first #woman in history to have a $100 billion net worth. As the heiress of the L'Oréal empire, Francoise Bettencourt Meyers has amassed the first-ever $100 billion fortune in the #history of women. Her wealth surged to $100.1 billion . This was fueled by the extraordinary success of L'Oreal SA, the family-owned beauty products company. Her grandfather founded the company. Francoise Bettencourt Meyers, a 70-year-old recluse, is vice-chair of the board of L'Oréal, a $268 billion #global powerhouse in which her family owns nearly 35 percent of the shares, making them the single largest #shareholders. Jean-Victor and Nicolas Meyers, her sons, are also directors of the #business. Meyers' wealth has increased recently, and this is a result of L'Oreal's shares performing at an all-time high and setting the company up for its best year since 1998. Her net worth is still far less than that of her French counterpart, Bernard Arnault, the founder of LVMH Moet Hennessy Louis Vuitton SE, who is ranked second in the world with a $179 billion #networth. www.tycoonstory.com #FrancoiseBettencourtMeyers #LorealHeiress #billionaires #wealth #female #Milestone #financial #achievement #empoweredwomen #breakingbarriers #Fortune100Billion

Françoise Bettencourt Meyers, the heiress to the L'Oréal empire, has achieved a significant milestone by becoming the first woman to amass a fortune exceeding $100 billion, according to a global ranking of the wealthiest individuals. The iconic French beauty company, founded by her grandfather, is experiencing a notable uptick in stock market performance, with L'Oréal shares hitting record highs in Paris. At 70 years old, Meyers' net worth crossed the $100 billion threshold on the Bloomberg Billionaires Index, making her the 12th wealthiest person worldwide. Despite this achievement, she remains second to Bernard Arnault, another French magnate and founder of LVMH, the world's leading luxury conglomerate, with an estimated net worth of $179 billion. Under Meyers' leadership as vice-chairperson of the board, L'Oréal has rebounded strongly post-pandemic, particularly as makeup sales recovered following lockdown-induced declines. The Bettencourt family, holding a significant 35% stake, remains the company's largest shareholder. #Loreal #Heir #First #Women #Fortune #Earth #Richest #business #brand #fmcg #fmcgindustry #market #makeup #fashion #style #trend #talentacquisition #category #leadership #shares #records #jobs #hiring #headhunters #oppertunity #2024goals #2024planning #newyear #luxury

L'Oréal heiress Francoise Bettencourt Meyers has reached an unprecedented milestone as the first woman to amass a US$100 billion fortune. Her substantial wealth is tied to L’Oréal SA's record-high stock performance, marking a significant moment for France's fashion and cosmetics sectors. Bettencourt Meyers, vice-chair of L’Oréal's board, inherited her wealth in 2017 and, along with her family, owns nearly 35% of the company. L’Oréal has rebounded, recording a 35% surge in shares this year. Bettencourt Meyers leads her family's investment company, TÉTHYS, and its subsidiary, TÉTHYS INVEST, focusing on diverse long-term ventures outside L’Oréal's domain, fueled in part by L’Oréal dividends. Téthys Invest recently invested in APRIL, Sézane, a decade-old fashion brand, and the French private hospital operator ELSAN, partly funded by L’Oréal dividends. #LifeStyle #LuxuryRetail #Fashion #CosmeticInnovation #France #Philanthropy #Wealth i Bloomberg

L’Oreal Heiress Francoise Bettencourt Meyers is the First Woman with a $100 Billion Fortune The Bloomberg Billionaire’s Index, which reflects changes as of 5 pm ET of the previous trading day, lists Bettencourt Meyers as the 12th richest person, just ahead of Mukesh Ambani and behind Carlos Slim, who recently became the first person from Latin America to cross the $100 billion threshold. L’Oreal’s stock is at a record high. The stock has risen 35% this year as consumers have continued splurging on luxury products since the pandemic. According to L’Oréal, in 2022 Bettencourt Meyers and her family owned more than 34% of the company’s stock. #womeninbusiness #womenandmoney #womenandwealth #loreal #parcequejelevausbien source : cnnbusiness, bloomberg

Inspiring journey of Francoise is simply aligning her strategic thinking with growing trends.

Françoise Bettencourt Meyers's journey as the world’s richest woman, crossing the $100 billion mark through her leadership at L’Oréal, redefines what’s possible for women in luxury beauty. Her story isn't just about wealth accumulation; it's a testament to strategic leadership and innovation in a competitive industry. Let's dive into the key factors that propelled Françoise to this historic milestone: > Since joining L'Oréal's board in 1997, Françoise has been instrumental in steering the company's growth. Under her watch, L'Oréal's market cap has grown from about €50 billion in 2011 to over €200 billion today. > Innovation focus: L'Oréal invests heavily in R&D, spending €1.1 billion in 2022 alone. This commitment to innovation has kept the brand at the forefront of the beauty industry, driving it in consistent growth. > Digital transformation: Françoise pushed for L'Oréal's digital revolution. In 2022, e-commerce accounted for 28% of the group's sales, up from just 5% in 2015. > Strategic acquisitions: Under Françoise's guidance, L'Oréal has made smart acquisitions like IT Cosmetics ($1.2 billion) and Cerave, expanding its market reach and product portfolio. > Sustainability drive: Françoise has championed L'Oréal's sustainability efforts. This company aims to achieve carbon neutrality by 2025, aligning with growing consumer demand for ethical products. What impresses me the most is Françoise's ability to balance tradition with innovation. She's respected the legacy of L'Oréal while consistently pushing it forward. Françoise's journey shows that inheriting a business is just the beginning. It's what you do with that inheritance that counts. Her strategic vision has not only grown L'Oréal's value but it has also paved the way for women in business leadership. As we navigate our own business challenges, let's draw inspiration from Françoise's approach. How can we balance respecting our company's legacy while driving innovation? #WomenLeaders #Loreal

Embracing 2024 with Françoise Bettencourt Meyers' $100bn Vibes. As we step into 2024, I’d like to channel the success and determination of Françoise Bettencourt Meyers, who achieved an astounding $100 billion milestone at L'Oréal. How did she do it: Strategic Vision: Steering L'Oréal through transformative growth. Blending Legacy with Innovation: Skillfully combining tradition and modern. Diverse Passions: Bringing a well-rounded perspective to leadership. Focused Leadership: Valuing substance and core principles. Resilience and Adaptability: Navigating changes and challenges effortlessly. Be Born into the L’Oréal Family: That’s right, she won the genetic jackpot - but it was her passion, hunger, and discipline that got her to the $100bn club. Let's carry these powerful vibes into 2024, inspired by a true industry titan! #2024Goals #FrancoiseBettencourtMeyers #SuccessMindset #LorealAchievement #InspiringBusinessLeaders #femaleleaders

Estée Lauder has been struggling for a while now... and in typical US fashion, it's now proceeding to slash 3,000 jobs (up to 5% of it workforce). Of course the stock is seeing a jump in pre-market trading. But will that be enough to revive sales in Asia in particular (the so-called travel retail channel)? Shares have lost about 50% of their value in the past year. Its arch-rival L'Oreal reports FY this Thursday after markets close in Paris. The French beauty giant will probably show continued market share gains. L'Oreal's strength stems partly from its ownership of affordable brands (Garnier, Maybelline) but also pricey ones (Lancome, Yves Saint Laurent). It caters to everyone, in good times and in bad times (inflation). #luxury #makeup #cosmetics #beautyindustry Jeannette Neumann