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L Oreal heir becomes first woman to hit $100 billion fortune

Shares in the comestics firm have surged to a record this year

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L Oreal heiress Francoise Bettencourt Meyers becomes the first woman to accumulate $100 billion after shares in the beauty giant hit a record high

The French businesswoman, 70, reached the milestone after shares in beauty giant L Oreal - founded by her grandfather in 1909 - hit a record high.

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L Oreal heir Francoise Bettencourt Meyers becomes first woman with $100 billion fortune

The milestone came as shares of L’Oréal SA, the beauty products empire founded by her grandfather, rose to a record high, with the stock set for its best year since 1998. She’s the 12th-richest person in the world, just behind Mexico’s Carlos Slim.

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L Oreal heir Francoise Bettencourt Meyers becomes first woman with US$100 billion fortune

Francoise Bettencourt Meyers is the 12th-richest person in the world, behind Mexico’s Carlos Slim.

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L Oreal heir is first woman with $100 billion fortune

The reclusive Francoise Bettencourt Meyers, 70, is vice-chair of the board of L’Oréal.

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