L'oréal Heir Becomes the First Woman With a $100 billion fortune

L'oréal Heir Becomes the First Woman With a $100 billion fortune
L’Oreal heir Françoise Bettencourt Meyers

While all of Europe was plunged into economic uncertainty during the 2020 COVID pandemic and without even daring to launch future forecasts (and aggravated during 2022 by the war in Ukraine), L'Oreal has become the leader of a resistance made up of a select club of European listed companies.

And the multinational cosmetics and perfume company has achieved a revaluation of 50% since March 2020, from just over 300 euros to more than 450 euros with which it closes 2023, its historical maximum, even exceeding the ceiling of 420 euros reaching just two years ago , on December 24, 2021. The direct consequence of this milestone has been the inclusion of Françoise Bettencourt Meyers, the heiress of the company, as the twelfth fortune in the world within the Bloomberg billionaires list.

Thus, Bettencourt has become the first woman in the world to exceed 100 billion dollars, reaching the same level as Amancio Ortega, also the first Spaniard to overcome that economic barrier and which places her as one of the great fortunes in the world, at the level even from the Mexican Carlos Slim.

At the top of the richest people in the world, and with a clear difference, Elon Musk with his almost 300 billion dollars, and in second place the Frenchman Bernard Arnault with more than 200 billion dollars.

Revaluation of 34% in one year

It turns out that Françoise Bettencourt Meyers, vice president of the board of directors of L'Oreal, has witnessed during 2023 the revaluation of almost 34% that the French multinational has experienced. A multinational of which the businesswoman owns 35% (along with her family), with her being its largest shareholder.

But the upward trend of the French company has been recurring practically since its beginnings on the stock market more than 30 years ago. Without any significant variation in the last 10 years, L'Oreal managed to grow even in times of financial instability. Without going any further, at the beginning of this year about to end, the shares of the multinational cosmetics company were paid at just under 340 euros compared to the more than 450 euros with which the company closed 2023, which which implies a revaluation of 35%.

All in all, the entry in 2024 is expected along the same upward line, since during the month of December, L'Oreal achieved an increase of close to 5%.

The rich earn 1.5 trillion more

Elon Musk has led the world's richest to earn $1.5 trillion in 2023. The technological rebound has boosted the billionaires' fortune by $ 658 billion

Thus, the combined net worth of the 500 richest people increased by $1.5 trillion in 2023, fully recovering from the $1.4 trillion lost the previous year, according to the Bloomberg Billionaires Index.

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