Francoise Bettencourt Meyers, L’Oreal heiress becomes first women to amass $100bn ( £78.5bn; €90.1bn) fortune according to ranking of di richest Pipo for di world. L’Oreal is the world’s largest cosmetics company’s which owns a wide portfolio of brands from Lance to Maybelline  which had more than £32.99 billion ( $42billion, €38 billion) in sales in 2022. Earlier this year L’Oreal bought Australian brand Aesop in a $2.5billion deal beating the previous record brand acquisition by the French beauty giant $1.7 billion purchase of YSL Beauty in 2008.

Bettencourt  Meyers as the 12th richest person, just ahead of Makes Ambani and behind Carlos Sim, who recently became the first person from Latin America to cross the $100bn threshold.

L’Oreal stock is  at a record high risen 35 per cent this year as consumers started spending on luxury products since the pandemic. According to L’Oreal in 2022, Bettencourt Meyers and her family owned more than 34 per cent of the company’s stock. Bettencourt Meyers is the only child of Lilliane Bettencourt, whose father Eugene schueller founded the L’Oreal Group. She inherited her mother’s holdings when Bettencourt died in 2017, and is the vice chairwoman of L’Oreal Group’s board of directors.

Bettencourt Meyer’s still being LVMH chair Bernard Arnault, the world’s largest maker of luxury goods, who is also the second-richest person in the world  with a net worth of $179 billion.