Francoise Bettencourt Meyers, the wealthiest woman in Europe and heiress to the L’Oréal cosmetics empire, is stepping down from her position on the company’s board. The move comes as she passes the torch to her son, Jean-Victor Meyers, who will assume the role of vice chairman. Bettencourt Meyers has been a prominent figure in the world of business and philanthropy, serving on L’Oréal’s board since 1997 and dedicating her time to various charitable endeavors.
Francoise Bettencourt Meyers , the heiress to the L’Oréal cosmetics fortune and Europe’s richest woman, is stepping down from her role on the company’s board. She will be handing over her vice chairmanship to her son, Jean-Victor Meyers. Bettencourt Meyers will be replaced on the board by Alexandre Benais, deputy CEO of Téthys Invest, the family’s holding company and the largest shareholder of L’Oréal.
Bettencourt Meyers has been on the board of directors for L’Oréal since 1997 and has been vice chairwoman since 2020. She is the granddaughter of the founder of the L’Oréal cosmetics company and became its reigning heiress in 2017, when her mother Liliane Bettencourt, then the world’s richest woman, died at age 94. Bettencourt Meyers’ inheritance was the subject of a sensational trial in France, in which eight people were accused of exploiting her mother, including photographer Francois-Marie Banier, who was given gifts worth hundreds of millions of dollars, including artworks by Picasso and Matisse. Liliane Bettencourt at one point named Banier her heir, but it was later revealed she was exploited while suffering from dementia and Alzheimer's disease, and the decision was revoked. L’Oréal and the Bettencourt Meyers family jointly agreed to donate $226 million to repair Notre Dame Cathedral following the April 2019 fire. It reopened in December. Bettencourt Meyers is the richest woman in the world as of Thursday with an estimated net worth of $76.1 billion. She is the second-richest woman in the world behind Alice Walton, whose family founded Walmart, who was ranked No. 15 on Thursday with a $110.9 billion net worth
L'oréal Francoise Bettencourt Meyers Succession Wealth Cosmetics
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