The richest woman in the world has made £9 billion already this year
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.
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.
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.
Topics: Money, World News, Celebrity Net Worth
Olivia Burke