Francoise Bettencourt Meyers Networth Hits $92.6B After Earning $12.1 Billion

The richest woman in the world, Francoise Bettencourt Meyers, the world's richest woman, has experienced an increase in her net worth after credible sources made the announcement.

The 69-year-old billionaire began the year with an estimated net worth of $80.5 billion, according to Bloomberg and the Forbes Billionaire Index. Now, the latest report shows that she rose in worth to $12.1 billion. She is a business owner and not a job seeker like the rest of us.

Despite a staggering global economy, Francoise Bettencourt Meyers retains her spot as the world's wealthiest woman—She has held this position for the past 3 years.

Most of Meyers' income is gotten from her ownership of L'Oreal, the world's largest cosmetics firm.

On September 21, 2017, a corporate announcement said that she acquired this share after her mother, Liliane, died at the age of 94. According to the company's 2021 annual financial report, Meyers and her family presently possess 33.3% of L'Oreal's share capital.

It's also known that Meyers acquired a large amount of her money from her family. According to a breakdown, as of this research, L'Oreal's stock price is strong at $422, when compared to $427 on July 3, 2023. On June 5, 2023, L'Oreal's stock price was at $407 which indicates growth between then and now.

L'Oreal's April first-quarter report reported a +13.0% growth in group revenues. The net impact of modifications in consolidation scope was +1.0%. Group revenues increased by 14.6% year on year to 10.38 billion euros.

In response to these numbers, L'Oréal CEO Nicolas Hieronimus stated:

• "In a beauty market that remains very dynamic, L’Oréal has maintained strong growth momentum and posted an excellent first quarter, with sales up +13.0% like-for-like and +14.6% reported."

• "Boosted by valued innovations across all divisions and the commitment of our teams worldwide, L’Oréal has outperformed the market in all geographic zones, solidifying its leadership position."

• "This performance, which has yet to benefit from China’s reopening, demonstrates the strength of L’Oréal’s balanced multipolar model. I am excited to soon welcome the remarkable Aēsop brand and its teams, which will strengthen L’Oréal Luxe."

Francoise Bettencourt Meyers, 69, is known as the largest individual stakeholder in L'Oréal, owning approximately 35% of the company. According to Bloomberg, she is one of a group of French luxury titans whose businesses have grown thanks to increasing demand for high-end beauty, apparel, and jewelry.

Francoise Bettencourt Meyers is now the world's 11th wealthiest individual, up from 14th last year.

Meyer is the world's richest woman, holding the number one rank. Since taking her mother's place on the list - the family fortune has flourished under her control.