Françoise Bettencourt Meyers, often topping the list of the world’s wealthiest women, has a tale deeply intertwined with beauty, business acumen, and a legacy that spans generations. But how exactly did she amass such an enviable fortune? The roots of her wealth trace back to one of the world’s most recognizable brands in cosmetics and beauty: L’Oréal.
How Did Francoise Bettencourt Meyers Get Rich
The L’Oréal Legacy
- Founding and Growth: L’Oréal was founded by Françoise’s grandfather, Eugène Schueller, in 1909. Starting as a hair dye company, it rapidly grew into a global cosmetic and beauty powerhouse.
- Innovation & Expansion: Over the decades, the company constantly innovated, introducing a range of products from skincare to makeup. As L’Oréal’s portfolio grew, so did its international presence.
- Stake & Ownership: The Bettencourt family, to which Françoise belongs, has maintained significant ownership in L’Oréal over the years, ensuring they reaped the rewards of the company’s success.
Françoise’s Inheritance
- Bettencourt Affair: Before delving into her wealth, it’s worth noting the famous ‘Bettencourt Affair’, a political and financial scandal involving Françoise’s mother, Liliane Bettencourt. The affair brought the family into the limelight but also re-emphasized the vast wealth they held.
- World’s Richest Woman: Upon the passing of her mother, Liliane Bettencourt, in 2017, Françoise inherited the L’Oréal shares, making her the major shareholder and subsequently one of the world’s richest individuals.
Beyond L’Oréal
- Philanthropy: Françoise is not only known for her wealth but also for her philanthropic endeavors. She has supported various causes, especially in education and culture.
- Author and Scholar: Apart from business, she’s an accomplished scholar with a passion for Bible studies and classical music. She has written books on these topics, further enhancing her public profile.
Conclusion Françoise Bettencourt Meyers’ path to riches is a blend of inheritance and stewardship. While her fortune’s foundation lies in the success of L’Oréal, her commitment to preserving and expanding her legacy, combined with her personal passions and philanthropic actions, makes her story truly fascinating. As the guardian of the L’Oréal empire, she serves as a testament to the enduring power of family-run businesses and the responsibility that comes with great wealth.
