The richest woman in the world is now $2.5 billion richer than Facebook founder Mark Zuckerberg.
According to the Bloomberg Billionaires Index, Francoise Bettencourt Meyers has a net worth of $63.4 billion, while Mark Zuckerberg, who has lost around $60 billion since the start of the year, has a net worth of $60. .9 billion dollars.
After falling out of the top 10 in March, Zuckerberg is now ranked No. 17 on the list of top billionaires, while Francoise Bettencourt Meyers is ranked 16th.
The declines can be attributed to rapidly growing inflation that has slowed the world’s largest economy as observers wait to hear how much the Federal Reserve will raise interest rates later in the day.
The staggering losses came despite a massive increase in their wealth during last year’s outbreak, as businesses boomed as restrictions were eased.
What you need to know about Françoise Bettencourt Meyers
- L’Oreal, the world’s largest cosmetics company, is controlled by the world’s richest woman, who owns 33% of the company. She is the head of the holding company which holds the family shareholding, which her mother Liliane held until her death in 2017. Lancôme and Garnier belong to L’Oréal, which achieved a turnover of 32.3 billion euros ($38.2 billion) in 2021.
- With a net worth of $63.4 billion, Francoise Bettencourt Meyers can buy 34.9 million troy ounces of gold and 523 million barrels of crude oil.
- Bettencourt Meyers’ mother, Liliane Bettencourt, was the richest woman in the world before she made the list of the world’s top billionaires for the first time in 2018.
- The mother-of-two is the granddaughter of L’Oreal founder Francoise Bettencourt, who topped the list of the world’s richest women since her mother’s death. Bettencourt Meyers, 68, has been a member of L’Oréal’s board of directors since 1997 and his family owns 33% of the company. She is also a published author, with writings on Greek gods and the Bible.
- Bettencourt Meyers’ mother had a notoriously tumultuous relationship with her, and eight people were found guilty of manipulating her elderly mother in a court case in 2015, just years before the Bettencourt matriarch died.
- In 2019, the family and company teamed up to donate $226 million to help rebuild Notre Dame Cathedral in Paris, which had been devastated by a horrific fire.