French Heiress Ditches Boardroom, Banks $24B in Botox Cash
Meet Françoise Bettencourt Meyers, a 72-year-old French legend who just blew past Asia's richest dude Mukesh Ambani by $1 billion, getting richer on L'Oreal stock like it’s the ultimate anti-aging serum. She rode a 32% net worth boost in eight months to a staggering $98 billion, fueled by a 17% jump in cosmetics giant L'Oreal's shares to nearly $400. After dabbling on the board for 28 years, she retired in April and passed the vice chair baton to son Jean-Victor Meyers. Meanwhile, JPMorgan woke up in July to upgrade L’Oreal stock from 'underweight' to 'neutral'—because apparently, glowing skin equates to glowing portfolios.
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When a 72-year-old French heiress out-earns tech billionaires by selling fancy face cream, you know capitalism’s true face is just a well-moisturized family inheritance battle that skipped generations.
Françoise just turned makeup money into a $24 billion glow-up, making Wikipedia’s richest people list look like a clearance sale at Sephora.
L'Oreal shares shot up faster than Botox injections at a Cannes afterparty, proving giant fortunes age like fine wine—the kind nobody drinks but everyone flaunts.
Source: Businessinsider | Published: 9/1/2025 | Author: Theron Mohamed
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