Home » Business » Founder’s Granddaughter Françoise Bettencourt Mayet Becomes First Woman with $100 Billion Fortune, L’Oréal Stock Soars

Founder’s Granddaughter Françoise Bettencourt Mayet Becomes First Woman with $100 Billion Fortune, L’Oréal Stock Soars

Delivery time2023-12-29 11:41

Founder’s granddaughter… This year, the stock price soared 35%, increasing to 129 trillion won.

Management by people outside the family… Avoid exposure and enjoy writing and playing the piano

Yonhap News photo

L’Oréal heir Françoise Bettencourt Meillet (left) attending an event in 2019.[EPA 연합뉴스 자료사진. 재판매 및 DB 금지]

(Seoul = Yonhap News) Reporter Kim Ki-seong = Françoise Bettencourt Mayet (70), the granddaughter of L’Oréal’s founder, became the first woman to have a fortune of $100 billion (128.6 trillion won).

According to the Bloomberg Billionaire Index on the 28th (local time), Maye’s wealth increased to $100.1 billion (128.73 trillion won), Bloomberg News reported.

Maye has already established herself as the world’s richest woman, having been ranked number one by Forbes for three consecutive years in April.

This time, he was ranked 12th in the world in the ranking of the richest men and women. According to Bloomberg, L’Oréal is a beauty products company that owns world-class cosmetics brands such as Kiehl’s, Lancome, Maybelline New York, and Essie. The company is valued at $268 billion (345 trillion won).

Maye set a milestone by raising L’Oréal’s stock price by 35% this year, reaching an all-time high.

Mayet, who avoids public exposure, serves as vice-chairman of L’Oréal’s board of directors. He gives Meillet and his family the majority shares, with a stake of nearly 35%, and his two sons, Jean-Victor Meillet and Nicolas Meillet, are also directors.

L’Oréal was founded in 1909 by his grandfather, Eugene Schueller, a chemist, to produce and sell the hair dye he developed, and has been run by executives outside the family for decades.

Maye, who was an only child, gained enormous wealth after the death of her mother, Liliane Bettencourt, in 2017. During her mother’s lifetime, she sometimes had conflicts between her mother and daughter, which made her a hot topic in the public eye.

Maye keeps her life private, avoiding the glamorous social life pursued by many of the world’s wealthiest people.

He wrote a five-volume study of the Bible as well as a book on the genealogy of Greek gods, and is known to play the piano for several hours every day.

Meanwhile, Bernard Arnault, also a Frenchman who founded the luxury goods empire Louis Vuitton Moët Hennessy (LVMH), is the second richest person in the world with $179 billion (230 trillion won).

As France’s luxury retail dominance expanded, other ultra-rich families were born, including the Hermes family, which amassed Europe’s largest family fortune, and the Wertheimer brothers, who own Chanel.

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2023-12-29 02:41:00
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