Bettencourt Meyers is currently the richest woman in the world. Her mother, Liliane Bettencourt, acquired her riches from her father, Eugene Schueller, who created cosmetics giant L'Oréal. Profits for the $33.6 billion corporation (2020 sales) declined 6% in 2020, owing in part to consumers losing their appetite for makeup during quarantine measures. Despite this, the stock climbed 38% as a result of improving cosmetics demand, particularly for skincare goods. Bettencourt Meyers has been a member of the L'Oreal board of directors since 1997.
NET WORTH: $73.6 BILLION
AGE: 67
CITIZENSHIP: FRANCE
SOURCE OF WEALTH: L’OREAL
She is the sole grandchild of L'Oréal founder Eugène Schueller. She was born in the posh Neuilly-sur-Seine neighborhood of Paris in July 1953. Françoise Bettencourt Meyers has always disliked being the center of attention. She is introverted, according to her close friends, and avoids media appearances as much as possible. The world's wealthiest woman is an accomplished pianist who is said to practice for 3-4 hours every day.
Françoise Bettencourt Meyers married French businessman Jean-Pierre Meyers in 1984, and the couple has two children: Jean-Victor, 35, and Nicolas Meyers, 32. She married a Jewish man and consented to raise their children as Jews, despite her Catholic upbringing. She is recognized for producing theological commentary comparing Catholic and Jewish scriptures.
She launched a lawsuit against her mother in a fight over money management in the final years of her mother's life, especially after she suspected her mother was suffering from dementia.
Françoise Bettencourt Meyers administers the family's philanthropic foundation, which supports French research and the arts, in addition to chairing L'Oréal. L'Oréal stock is owned by her, as she owns 33% of the company.
Françoise Bettencourt Meyers inherited $39.5 billion from her mother in 2017, but she has grown her fortune to the point where her current net worth is approaching $86.2 billion as of July 2021.
Afterthoughts
Yeah, i'm aware Francoise isn't 'selfmade'. But it doesn't mean a lot. It is a good thing when parents work hard to give their kids a good start in life, because life can be rough in some places, if care is not taken.
So, guys, work hard to give your kids big assets. For those of you investing in hive, don't give up. The asset you built could become something really big tomorrow
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