Forbes names world's richest woman

Tue 05 Mar 2019 05:31 GMT | 09:31 Local Time

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The richest woman according to Forbes 2019 is the L'Oréal heiress, who is also the chairwoman of her family’s holding company is Francoise Bettencourt Meyers with a fortune of 49.3 billion dollars.

Bettencourt Meyers, who is the 15th-richest person in the world, leads the women on the 2019 Forbes World’s Billionaires list, which will be published in full on March 5.

The granddaughter of L'Oréal’s founder Eugène Schueller (an inventor of hair dyes), and a member of the company’s board since 1997, Bettencourt Meyers debuted on the billionaires list last year following the death of her mother, Liliane Bettencourt, in September 2017. Liliane had been on the list every year since Forbes published its first World’s Billionaires List in 1987.

Bettencourt Meyers’ fortune increased by $7.1 billion, or 17%, since last year thanks to stellar results at the makeup giant, of which she and her immediate family own a 33% stake. An estimated 90% of her wealth is tied to shares of the company, which recorded its best sales growth in more than a decade last year with total revenue coming in at $30.6 billion. Revenue in Asia Pacific jumped 20%, driven by China; the region has now overtaken North America in terms of sales.

News.Az 

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