The granddaughter of L'Oréal founder Francoise Bettencourt Myers became the first woman in the world with a fortune of $100 billion
70-year-old Françoise Bettencourt Myers, deputy chairman of the board of directors of L'Oréal and granddaughter of its founder Eugene Schullera became the richest woman in the world according to Forbes with a fortune of $99.6 billion.
According to the Bloomberg Billionaires Index as of December 28, she has $100.2 billion in her account. The growth of L'Oréal shares has become record since 1998 and impacted Bettencourt Myers' fortune. Her sons Victor-Jean and Nicolas are also directors of the company.
The family owns a share of almost 35%. The company was founded in 1909 by chemist Eugene Schuler to produce hair dye, and after his death in 1957, the company was inherited by his daughter and Françoise's mother, Liliane Bettencourt. At the time of her death in 2017 at the age of 94, she was also the richest woman in the world with a net worth of $39.5 billion.