Françoise Bettencourt Meyers Explained

Françoise Bettencourt Meyers
Birth Name:Françoise Bettencourt
Birth Date:10 July 1953
Birth Place:Neuilly-sur-Seine, France
Occupation:Businesswoman
Vice Chairman of L'Oréal
Spouse:Jean-Pierre Meyers
Children:2
Parents:André Bettencourt
Liliane Bettencourt
Relatives:Eugène Schueller (grandfather)

Françoise Bettencourt Meyers (in French fʁɑ̃swaz bɛtɑ̃kuʁ mɛjɛʁs/; born 10 July 1953) is a French businesswoman, philanthropist, writer, billionaire heiress, and the richest woman in the world, with an estimated net worth of US$84.4 billion as of August 2024, according to Forbes.[1] She is the only child and heir of Liliane Bettencourt, and the granddaughter of Eugène Schueller, founder of L'Oréal. Her mother died in September 2017, after which her fortune tripled with her investments through her family holding company, Téthys Invest, and the high valuation of L'Oréal shares on the stock exchange.[2]

Biography

Raised to be Catholic,[3] she has written several Bible commentaries.[4] She is the only child and heir of Liliane Bettencourt. She married Jean-Pierre Meyers, business executive and grandson of a rabbi murdered at Auschwitz. She converted to Judaism and they raised their children, Jean-Victor and Nicolas, as Jewish.[5] Her marriage caused controversy because of her grandfather Eugène Schueller's trial for collaboration with the Nazi government: He had been L'Oreal's founder.[6] Bettencourt Meyers and her family still own a 33% stake in the company.[7]

In 2008, she sued François-Marie Banier for taking money from her mother, and started proceedings to have her mother declared mentally incompetent. The revelations in the secret recordings that she used in evidence led to the Woerth–Bettencourt scandal. In December 2010, Bettencourt Meyers announced that she had settled out of court with both her mother and Banier.[8]

Her mother died in September 2017 when her net worth was about $39.5 billion.[9]

After a fire severely damaged Notre-Dame de Paris, Bettencourt Meyers and L'Oréal pledged $226 million to repair the cathedral.[10]

As of January 2022, she had an estimated fortune of $94.9 billion, according to Bloomberg Billionaires Index.[11] Later, in December 2023, she was reported as the first woman with an estimated net worth of US$100 billion, according to Forbes;[1] [12] at that time, she was listed in the Bloomberg Billionaires Index as the 12th richest person in the world.[13]

Bibliography

See also

Notes and References

  1. Web site: Francoise Bettencourt Meyers & family . 2023-03-30 . Forbes . en.
  2. Web site: Francoise Bettencourt Meyers & family. 9 March 2022. Forbes. en.
  3. Web site: Meet the New 'World's Richest Woman,' a 64-Year-Old Expert on Greek Gods Who Shuns the Spotlight. 9 January 2021. Money. en.
  4. http://www.lesechos.fr/info/analyses/020263653804.htm Les Échos
  5. Web site: Who is Francoise Bettencourt, the richest woman in the world? How much is she worth? . . 2023-06-03.
  6. News: Willsher . Kim . 9 July 2010 . Liliane Bettencourt and the murky history of a make-up monarchy . dead . https://web.archive.org/web/20140702115922/https://www.theguardian.com/world/2010/jul/09/liliane-bettencourt-profile . 2 July 2014 . 10 July 2010 . The Guardian . en-GB . 0261-3077.
  7. Web site: L'Oréal Finance : Share Ownership. 21 September 2017. www.loreal-finance.com.
  8. http://www.latribune.fr/entreprises-finance/industrie/agroalimentaire-biens-de-consommation-luxe/20101207trib000580242/banier-aurait-accepte-de-rendre-une-partie-des-largesses-de-liliane-bettencourt.html La Tribune
  9. Web site: Liliane Bettencourt & family . 2024-06-13 . Forbes . en.
  10. Web site: Francoise Bettencourt Meyers & family. 17 July 2020. Forbes. en.
  11. Web site: Bloomberg Billionaires Index: Francoise Bettencourt Meyers . Bloomberg . 10 July 2021.
  12. News: L'Oreal heiress Francoise Bettencourt Meyers is the first woman with a $100 billion fortune, according to Bloomberg. CNN. Ramishah. Maruf. 8 January 2024.
  13. News: Liang . Annabelle . 29 December 2023 . Françoise Bettencourt Meyers: L'Oréal heiress first woman to amass $100bn fortune . 13 June 2024 . BBC News . en-GB.