ladbible homepage
ladbible homepage
  • iconNews
  • videos
  • entertainment
  • Home
  • News
    • UK
    • US
    • World
    • Ireland
    • Australia
    • Science
    • Crime
    • Weather
  • Entertainment
    • Celebrity
    • TV
    • Film
    • Music
    • Gaming
    • Netflix
    • Disney
  • Sport
  • Technology
  • Travel
  • Lifestyle
  • Money
  • Originals
    • FFS PRODUCTIONS
    • Say Maaate to a Mate
    • Daily Ladness
    • UOKM8?
    • FreeToBe
    • Citizen Reef
  • Advertise
  • Terms
  • Privacy & Cookies
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Archive
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube
Submit Your Content Here
  • SPORTbible
  • Tyla
  • GAMINGbible
  • LADbible Group
  • UNILAD
  • FOODbible
  • UNILAD Tech
The richest woman in the world has made £9 billion already this year

Home> News

Published 20:53 22 Nov 2023 GMT

The richest woman in the world has made £9 billion already this year

Francoise Bettencourt Meyers' wealth has risen again thanks to her stake in one of the world's most successful beauty brands.

Olivia Burke

Olivia Burke

google discoverFollow us on Google Discover

The richest woman in the world is obviously already rolling in it, but her net worth has been given a nice £9 billion boost this year.

While the rest of us are feeling the pinch, Francoise Bettencourt Meyers' wealth is only increasing thanks to her stake in one of the world's most successful beauty brands.

The 70-year-old billionaire is the granddaughter of L'Oreal founder Eugène Schueller, and his work has managed to set her up for life.

The L'Oreal heiress has raked in another £9billion so far this year.
Pascal Le Segretain/WireImage

Advert

She has clung on tightly to her 33 percent stake in the family business and has served on the brand's board since 1997, while also holding the position of chairwoman within the family holding company.

As Liliane Bettencourt's only child, Meyers inherited her mother's fortune and the title of the world's richest woman when she passed away in 2017.

According to Forbes, her bank balance has again soared since the beginning of the year to a staggering $92.1 billion.

She was previously sitting comfortably with a tidy $80.5 billion, but has now enjoyed an increase in her financial assets.

L'Oreal Paris has continued to outperform competitors, seeing the stock price increase by a whopping 27.08 percent.

The internationally recognised beauty brand has enjoyed an upswing in sales for the third-quarter, thanks to growth across Europe and a jump in popularity in the US.

Meyers was set to rake in even more cash as L'Oreal had expected a 14.4 percent increase in sales across China, but the firm instead suffered a 4.8 percent dip across North Asia.

This was blamed on the tighter restrictions enforced on resellers by the Chinese government, which has hindered L’Oreal’s travel retail business. But they still clawed back a 7.7 percent growth across the country's mainland over the first nine months of the year.

Meyers is the richest woman on the planet.
EAN-PIERRE MULLER/AFP via Getty Images

L'Oreal still main 'ambitious' about becoming market leaders in China, which boasts a $78.9 billion beauty and personal care market, but are continuing to crack the market closer to home for now.

In Europe, sales saw a 16.2 percent increase, while they climbed by 11.8 percent in North America. £9 billion isn't bad for a years work, eh?

Meyers has managed to cling onto her title as the richest woman on the planet for another year thanks to her success as a beauty mogul.

Walmart heiress and philanthropist Alice Walton ranks in second place, as she boasts a net worth of $60.6billion.

Picking up the bronze, you'd have Julia Koch, with a fortune of $57.6 billion - after she inherited a stake in Koch Industries from her late husband David.

Featured Image Credit: Pascal Le Segretain/WireImage/EAN-PIERRE MULLER/AFP via Getty Images

Topics: Money, World News, Celebrity Net Worth

Olivia Burke
Olivia Burke

Olivia is a journalist at LADbible Group with more than five years of experience and has worked for a number of top publishers, including News UK. She also enjoys writing food reviews (as well as the eating part). She is a stereotypical reality TV addict, but still finds time for a serious documentary.

X

@livburke_

Recommended reads

Likely truth behind NASA video that sparked conspiracy theory Artemis II mission is being fakedNASATactics Trump could unleash on Iran tonight after threatening 'whole civilization will die'Roberto Schmidt/Getty ImagesThe Boys star reveals he 'saw some action' between real couples in graphic Herogasm episodePrime VideoUrgent warning issued to Ozempic users who don't exercise following new studySteve Christo - Corbis/Corbis via Getty Images

Advert

Choose your content:

3 hours ago
4 hours ago
5 hours ago
6 hours ago
  • NASA
    3 hours ago

    Likely truth behind NASA video that sparked conspiracy theory Artemis II mission is being faked

    Are the Flat-Earthers upto their old tricks again?

    News
  • Roberto Schmidt/Getty Images
    4 hours ago

    Tactics Trump could unleash on Iran tonight after threatening 'whole civilization will die'

    The president's ominous warning has left the world on edge

    News
  • Steve Christo - Corbis/Corbis via Getty Images
    5 hours ago

    Urgent warning issued to Ozempic users who don't exercise following new study

    Thought you didn't need to get off the couch? Think again...

    News
  • Tom Williams/CQ-Roll Call, Inc via Getty Images
    6 hours ago

    White House clarifies JD Vance's nuclear weapons claim after Trump warns 'whole civilisation will die'

    Iran's deadline is looming

    News
  • 29-year-old becomes youngest self-made woman billionaire in the world
  • How world’s richest woman that hardly anyone has heard of made her fortune
  • Richest actor of 2025 hasn't starred in a movie for half a decade and is still worth $1.1 billion
  • Millionaire actor Will Ferrell explains why he makes his kids fly economy on a 'different plane'