The first girl L’Oreal heiress with belongings of over 100 billion {dollars} | EUROtoday

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Francoise Bettencourt-Meyers, the granddaughter of L’Oréal’s founder, has grow to be the primary girl to amass a fortune of $100 billion. This is what emerges from the Bloomberg billionaires Index. Specifically, in Thursday’s session, after the L’Oreal inventory gained 0.58%, reaching the document worth of 451.30 euros, the French entrepreneur’s estimated belongings rose to 100.2 billion {dollars} ( 90,507 million euros). Bettencourt-Meyers, 70, is vice chairman of the board of administrators of L’Oréal, the group based in 1909 by his chemist grandfather, Eugene Schueller. As an solely little one, Bettencourt-Meyers inherited the vast majority of her belongings after the demise of her mom, Liliane Bettencourt, in 2017. Today the businesswoman and her household are the biggest shareholders of L’Oreal, with nearly 35%.

Despite the achieve recorded, Bettencourt-Meyers’ belongings stay decrease than that of his French compatriot Bernard Arnaultfounding father of Lvmh Moët Hennessy Louis Vuitton second on this planet rating of the wealthy with an estimated wealth of 179.4 billion {dollars} (162,046 million euros).

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Piano and books

Bettencourt Meyers retains her personal life very personal, avoiding the lavish social life sought by lots of the world’s rich. She has written two books – a five-volume research of the Bible and a family tree of the Greek gods – and is thought to play the piano for hours daily.

Bettencourt Meyers had a generally contentious relationship together with her mom Liliane Bettencourt. A authorized battle over time has grown from a household feud to a political scandal centered on the aged mom’s capability to handle the household’s wealth. Last month, Netflix launched a three-part documentary, L’Affaire Bettencourt, which chronicles the saga involving a former French president and secret recordings made by a butler.

The society

L’Oréal grew quickly within the decade earlier than the pandemic, however took a success throughout the well being disaster, when folks in lockdown used much less cosmetics. That was adopted by a fast rebound as shoppers splurged on luxurious objects, sending shares up 35% this 12 months.