The world's richest woman has apparently made a fortune, but her net worth has increased by another £9 billion this year.
While the rest of us are feeling the economic tightness, Françoise Bettencourt Meyers' fortune has only grown, thanks to her stake in one of the world's most successful beauty brands.
The 70-year-old billionaire is the granddaughter of L'Oréal's founder, Eugène Schueller, whose success laid the foundation for her life.
She clings to a 33% stake in the family business and has served on the brand's board of directors since 1997, as well as as chairman of the family's holding company.
As the only child of Lillian Betancourt, Meyers inherited her mother's fortune and the title of the world's richest woman after her mother's death in 2017.
According to Forbes, her bank deposits have soared again to a staggering $92.1 billion since the start of the year.
Previously, she enjoyed her old age with a net worth of $80.5 billion, but now her financial assets have increased again.
L'Oréal Paris continued to outperform its competitors, with shares up to 2708%。
Thanks to growth in Europe and popularity in the U.S., the internationally renowned beauty brand saw sales climb in the third quarter.
As L'Oréal expects sales in China to grow by 144%, but the company's sales in North Asia fell by 48%, so Meyers will get more cash.
This is due to stricter restrictions imposed on dealers by China**, which has hampered L'Oréal's travel retail business. However, in the first nine months of this year, L'Oréal's sales in Chinese mainland still achieved 77% growth.
China has a $78.9 billion beauty and personal care market, and L'Oréal remains"Ambitious"It wants to become a leader in the Chinese market, but it is still continuing to expand into the local market.
L'Oréal's sales in Europe increased by 162% and 118%。£9 billion isn't bad for a year's work, isn't it?
Meyers managed to hold the title of the richest woman in the world for a year, thanks to her success as a beauty mogul.
Walmart heiress and philanthropist Alice Walton is second with a net worth of $60.6 billion.
The bronze medal went to Julia Koch, who inherited a stake in Koch Industries from her late husband David and had a net worth of $57.6 billion.