Richest woman in the world has already made $9 billion this year

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By Kim Novak

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The year is still far from over but the world's richest woman has already made an unbelievable amount in just this year alone.

While most people are feeling the effects of the ongoing cost of living crisis, one person who probably doesn't have those concerns is Francoise Bettencourt Meyers, who made a massive $9 billion so far this year.

Meyers, 70, is the granddaughter of makeup brand L'Oreal's founder Eugène Schueller, and the family business has pretty much set her up for life (and, let's be honest, several more lifetimes).

She wisely retained her 33 percent stake in the business, having served on the brand's board since 1997 and is also a chairwoman within the family holding company.

Meyers was previously sitting on a tidy net worth of $80.5 billion, but with her additional income this year, she is now worth a whopping $92.1 billion according to Forbes.

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Meyers' net worth has grown massively this year. Credit: Eric Fougere/VIP Images/Corbis via Getty Images

The fortune had initially belonged to Liliane Bettencourt, but as her only child Meyers inherited the wealth and title of world's richest woman when Bettencourt died in 2017.

She is now worth a huge $92.1 billion thanks to how well L'Oreal Paris has continued to perform, beating its competitors and seeing stock prices increase by a huge 27.08 percent.

Its success was aided by an increase in sales in the third quarter thanks to growth in Europe and a surge in popularity in the US too.

Meyers' $9 billion income for this year is actually lower than what was forecast though, as L'Oreal had predicted a 14.4 percent increase in sales in China, but actually ended up suffering a 4.8 percent dip across North Asia, which was blamed partly on tighter restrictions enforced on resellers by the Chinese government.

In Europe, sales increased by 16.2 percent, as well as 11.8 percent in North America too.

wp-image-1263237923 size-full
Meyers, pictured with her husband, is way ahead of the competition for world's richest woman. Credit: Bertrand Rindoff Petroff/Getty Images for L'Oreal Foundation

And it doesn't look like anyone will be dethroning Meyers from the top spot as world's richest woman anytime soon.

The person in second place - Walmart heiress and philanthropist Alice Walton - is following behind with a net worth of $60.6 billion, almost a third less than Meyers' own fortune.

The distance between second and third is a lot closer, however, as Julia Koch comes in at number three with a fortune of $57.6 billion after inheriting a stake in Koch Industries from her late husband David.

Now we're going to be trawling through our own family trees just in case we are the heirs to a long-lost relative's multi-billion dollar business.

Well, we can dream.

Featured image credit: Bertrand Rindoff Petroff/Getty Images For Institut de l'Audition

 

Richest woman in the world has already made $9 billion this year

vt-author-image

By Kim Novak

Article saved!Article saved!

The year is still far from over but the world's richest woman has already made an unbelievable amount in just this year alone.

While most people are feeling the effects of the ongoing cost of living crisis, one person who probably doesn't have those concerns is Francoise Bettencourt Meyers, who made a massive $9 billion so far this year.

Meyers, 70, is the granddaughter of makeup brand L'Oreal's founder Eugène Schueller, and the family business has pretty much set her up for life (and, let's be honest, several more lifetimes).

She wisely retained her 33 percent stake in the business, having served on the brand's board since 1997 and is also a chairwoman within the family holding company.

Meyers was previously sitting on a tidy net worth of $80.5 billion, but with her additional income this year, she is now worth a whopping $92.1 billion according to Forbes.

wp-image-1263237921 size-full
Meyers' net worth has grown massively this year. Credit: Eric Fougere/VIP Images/Corbis via Getty Images

The fortune had initially belonged to Liliane Bettencourt, but as her only child Meyers inherited the wealth and title of world's richest woman when Bettencourt died in 2017.

She is now worth a huge $92.1 billion thanks to how well L'Oreal Paris has continued to perform, beating its competitors and seeing stock prices increase by a huge 27.08 percent.

Its success was aided by an increase in sales in the third quarter thanks to growth in Europe and a surge in popularity in the US too.

Meyers' $9 billion income for this year is actually lower than what was forecast though, as L'Oreal had predicted a 14.4 percent increase in sales in China, but actually ended up suffering a 4.8 percent dip across North Asia, which was blamed partly on tighter restrictions enforced on resellers by the Chinese government.

In Europe, sales increased by 16.2 percent, as well as 11.8 percent in North America too.

wp-image-1263237923 size-full
Meyers, pictured with her husband, is way ahead of the competition for world's richest woman. Credit: Bertrand Rindoff Petroff/Getty Images for L'Oreal Foundation

And it doesn't look like anyone will be dethroning Meyers from the top spot as world's richest woman anytime soon.

The person in second place - Walmart heiress and philanthropist Alice Walton - is following behind with a net worth of $60.6 billion, almost a third less than Meyers' own fortune.

The distance between second and third is a lot closer, however, as Julia Koch comes in at number three with a fortune of $57.6 billion after inheriting a stake in Koch Industries from her late husband David.

Now we're going to be trawling through our own family trees just in case we are the heirs to a long-lost relative's multi-billion dollar business.

Well, we can dream.

Featured image credit: Bertrand Rindoff Petroff/Getty Images For Institut de l'Audition