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Françoise Bettencourt Meyers, the heiress to the L'Oréal '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

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 #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

Succession planning is critical to shareholder value and long-term company success. Spanish beauty and fashion house Puig has taken a unique approach: banning its next generation from working within the company. Led by family members since 1914, Puig aims to ensure a smoother transition of leadership and maintain business excellence. Analysts applaud this move, which mitigates family conflicts. DHR’s Jeanne E. Branthover emphasizes, “Succession planning isn’t only about identifying the next CEO, but about making a company bigger and better.” Read more about this bold approach in the The Wall Street Journal article:  https://lnkd.in/g_P8mSQS   #SuccessionPlanning #LeadershipTransition #FashionIndustry

The retail industry is evolving, and Puig's decision to exclude next-generation family members from succession plans is a strategic move to ensure smooth transitions and continued success. Learn more about this forward-thinking approach. #SuccessionPlanning

What if… LVMH Acquires Estée Lauder: A Reshaped Beauty Giant Emerges In early February this year, Estée Lauder saw its stock jump 12% following an announcement that as part of its profit turnaround aimed at 2025/2026, it would be cutting 3-5% of jobs. The restructuring is expected to boost profit to $1.1 to 1.4 billion, compared to the previous much lower estimate of around $800 million to $1 billion. During the 12 prior months to this positive movement, the stock price gave up 49% of its value mainly due to the Chinese consumer pullback and generally lagging sales across Asia and other regions like the Middle East and Israel. Now imagine this: notwithstanding the restructuring efforts, let’s assume that a similar adverse scenario was to repeat itself. Picture a scenario in which the Estée Lauder board, confronted with continuously declining performance and investor agitation, might again come under pressure to sell. In such an instance, it is entirely conceivable that LVMH could come to the rescue and offer an attractive price tag, this time securing the Lauder family’s blessing despite some potential internal resistance. Read the full Futuring in Luxury series insight. Visit: https://lnkd.in/dzSY6FiK #CXG #CX #Customerexperience #industryinsights #luxury #luxuryindustry #customerexperiencegroup #lvmh #esteelauder #thoughtleadership

Succession planning isn't just about replacing leaders; it's about ensuring continuity and growth. Puig's strategy to address succession concerns by excluding next-generation family members is a strategic move. DHR can help guide you in securing your company's future. #LeadershipTransition #DHRConsulting

Don't leave your company's future to chance. Prioritize succession planning with DHR's tailored strategies to identify and develop top talent. Invest in your company's longevity. #SuccessionPlanning #LeadershipConsulting