Françoise Meyers is the world’s first woman to be worth over $100 billion. She is a reclusive billionaire

According to the Bloomberg Billionaires Index, Francoise Bettencourt Meyers, the wealthiest woman in the world and the heir to the L’Oréal beauty company, has officially entered the exclusive group of billionaires, which consists of males. After L’Oréal S.A.’s shares reached a record high on Thursday, Meyers’ wealth surpassed 100 billion dollars. Even if her net worth dropped to $99.9 billion at the end of trading, she is still valued among the likes of Jeff Bezos, Mark Zuckerberg, and Warren Buffett.

Françoise Bettencourt Meyers: who is she?
Françoise Bettencourt Meyers, 70, and her family own a majority 35% share in the upscale brand L’Oréal, which her grandfather started in 1909. His family has continued to develop the company after his passing and has grown it into an empire of beauty items that is now valued at over $240 billion.

Born on July 10, 1953, Bettencourt Meyers was fortunate to inherit tens of billions of dollars and a variety of properties, including homes all over the globe, after the death of her mother, Liliane Bettencourt, in 2017. After her mother passed away, a long-standing family dispute over inheritance was resolved, and she was left as the only beneficiary of the family’s possessions.

The difficult bond between Bettencourt Meyers and her mother
There is a well-known history of conflict between Bettencourt Meyers and her mother Liliane. Following the release of her butler’s tapes, investigations were launched into President Nicolas Sarkozy’s 2007 campaign for office and charges of influence-peddling against former Labor Minister Eric Woerth.

After that, a contentious legal struggle started when Bettencourt appeared in court to argue that her mother wasn’t qualified to manage the family’s finances. She said Liliane had stolen almost $1.3 billion to give to a friend as presents. The Boyfriend, The Butler, and The Billionaire on Netflix are three retellings of the story.

What is the work of Bettencourt Meyers?
Renowned writer Bettencourt Meyers has written books on Jewish-Christian connections and Greek mythology. She also manages her charitable endeavors to support social and scientific advancement. As vice-chair of the board of L’Oreal, she oversees a group of cosmetics brands that includes subsidiaries such as Maybelline, Kiehl’s, and NYX. Both of her sons, Nicolas Meyers, 35, and Jean-Victor Meyers, 37, are filmmakers.

What is Bettencourt Meyers’ spending pattern?
Known for being a solitary millionaire, Bettencourt Meyers enjoys spending hours each day playing the piano. She has additional real estate holdings, including multimillion-dollar residences all across the globe. Her collection of cars is rather large and includes a Bentley Continental GT, Jaguar F-Type, Ferrari, and Porsche 911 Cabriolet, among others.