How much is Francois Bettencourt Meyers net worth?
| net worth: | $69 billion |
|---|---|
| age: | 71 |
| Birth: | July 10, 1953 |
| gender: | Woman |
| Height: | 1.70 m (5 ft 7 in) |
| country of origin: | France |
| Sources of funds: | entrepreneur |
| Last Updated: | July 31, 2024 |
Introduction
As of July 2024, Françoise Bettencourt Meyers net worth is approximately $69 billion.
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Françoise Bettencourt Meyers is a French billionaire heiress and author of Biblical commentaries and works on Jewish–Christian relations.
Her family owns the L’Oréal company and she inherited L’Oréal’s wealth after her mother, Liliane, died.
early life
Françoise Bettencourt Meyers is the daughter of Liliane Bettencourt.
Liliane was a French heiress, socialite, and businesswoman and was one of the major shareholders of L’Oréal.
At the time of her death, she was the richest woman and the 14th richest person in the world, with a net worth of $44.3 billion.
Françoise Bettencourt Meyers married Jean-Pierre Meyers, the grandson of a rabbi killed at Auschwitz.
After marriage, the Meyers decided to raise their children in the Jewish tradition.
Their marriage generated controversy, as her grandfather, L’Oréal founder Eugène Schueller, was prosecuted for collaborating with the Nazi government.
Livelihood
As the only daughter of Liliane Bettencourt, Françoise Bettencourt was raised to regularly rank among the world’s richest people.
She inherited her mother’s estate, explored her spiritual nature in literature, and also served as president of various charitable organizations.
Due to her impressive wealth, Bettencourt has influenced policy, making substantial donations to various good causes.
Position on the board of L’Oréal in 1997
After an upbringing filled with opulence and luxury, Françoise Bettencourt entered the business world full-time in 1997.
That same year, he began serving on the board of the family business, L’Oréal, which had been founded in the mid-nineteenth century under the L’Oréal brand.
Over the past few years, L’Oréal has expanded rapidly to become one of the world’s leading personal care companies with a global reach.
A few years before Bettencourt joined the board, the company had acquired Synthelabo and entered the pharmaceutical sector for the first time.
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By 1999, under Bettencourt’s guidance, they expanded through the Sanofi-Synthelabo merger, then again in 2004 with a merger with Aventis.
During her tenure at the company, Bettencourt worked on various marketing campaigns alongside some of the world’s richest models.
L’Oreal’s notable achievements in the 2000s
L’Oréal continued to excel in the market in the 2000s under Bettencourt’s influence as major shareholder and chairperson.
The company acquired YSL Beauty in 2008 for $1.8 billion and further expanded its international reach in 2014.
After striking a deal to acquire NYX Cosmetics, they merged with Chinese beauty brand Magic Holdings for $840 million.
Additional accomplishments that decade included the repurchase of Nestlé shares, increasing the Bettencourt estate’s stake in the company.
At the same time that L’Oréal was rapidly expanding, Françoise Bettencourt was forced to sue French photographer François-Marie Banier.
After defrauding his mother and illegally siphoning off money from her, the case made international headlines when it was revealed that he had stolen as much as $1 billion.
Becoming the heir to L’Oreal in 2017
Following the death of Liliane Bettencourt in 2017, Françoise Bettencourt’s wealth increased significantly as the sole heir to her mother’s estate.
Already incredibly wealthy, she is now one of the richest women in the world, with a net worth of several billion dollars.
In the following years, the L’Oréal brand continued to improve its overall prospects and profit margins through a series of high-profile partnerships.
In 2018, the company partnered with Valentino on a new line of fragrances and acquired Japanese company Takami Company, which markets premium products in Japan.
Additional mergers and acquisitions in the years that followed continued to substantially increase Bettencourt’s total net worth.
Their 2023 annual financial results show record-breaking results of double-digit growth and excellent market performance, dominating the industry.
Role in the Bettencourt Meyers Philanthropic Foundation
In addition to his active role in the family business, Françoise Bettencourt has also played an important role in various charitable and philanthropic organizations.
He has worked on the family foundation’s programs to help the French nation achieve advancements in various scientific and artistic pursuits.
In 2019, Bettencourt worked with officials to repair Notre Dame Cathedral after severe fire damage, and donated $226 million to the restoration project.
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As of July 2024, Francoise Bettencourt Meyers net worth is $69 billion.
Highlights
Here are some of the best highlights of Françoise Bettencourt Meyers’ career:
- Greek God. Genealogy (autobiography, 1994)
- A Look at the Bible (Regard sur la Bible), 5 volumes (autobiography, 2008)
- Family tree of Adam Eve and the tribes of Israel
Favorite quotes from Francois Bettencourt
“Hair coloring is a small market with a very limited future. You’re going to fail.” – Francois Bettencourt
“It would be “foolish” to see that Banner“With him I have no breathing space. The last few months have been horrible because of all the arguments… François-Marie doesn’t change! It’s impossible to live with him.” – Francois Bettencourt
3 Inspiring Lessons From Francois Bettencourt
Now that you know all about Françoise Bettencourt Meyers’ net worth and how she achieved success; let us take a look at some of the best lessons we can learn from her:
1. Evaluate your time by setting its value
Your time is the greatest resource and something you can’t get back. To perform at a top level, you need to understand the gravity of time. It’s important to prioritize your life and business in a way that aligns with what you value most.
2. Stay curious
“Stick to what you know” is a strict philosophy in many entrepreneurial circles. After living by it for many years, I’ve come to believe the exact opposite.
By keeping your mind open to new ideas and embracing innovation, you create opportunities for yourself.
Exposing yourself to a variety of businesses and products broadens your horizons.
3. Control your thoughts
Most of my lessons came from failures, setbacks, and defeats. Although these were painful, they developed the self-awareness to grow.
Conversely, if you’re always blindfolded, your perspective becomes too narrow and you miss out on promising opportunities.
Frequently Asked Questions
How much is Francois Bettencourt Meyers net worth?
Françoise Bettencourt Meyers’ net worth is estimated at $69 billion.
How old is Francoise Bettencourt Meyers?
Francoise Bettencourt Meyers was born on 10 July 1953 and is currently 71 years old.
How tall is Francoise Bettencourt Meyers?
Francoise Bettencourt Meyers has a height of 1.70 m, which is equivalent to 5 feet 7 inches.
Summary
Françoise Bettencourt Meyers is one of the richest women alive.
She is a French author and a board member of the L’Oréal company.
She is also the president of her family foundation, the Bettencourt Schuler Foundation.
As of July 2024, Françoise Bettencourt Meyers’ net worth is estimated to be $69 billion, making her one of the richest women in the world.
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Category: Net worth