Françoise Bettencourt Meyers, vice chair of French cosmetics giant L’Oréal, became the first woman to achieve a net worth of $100 billion on Wednesday, reaching $100.1 billion.
Her wealth increased as L’Oréal’s stock hit record highs. She holds a 35% stake in the company, which she owns with her husband and two sons.
On the same day, the S&P 500 and Nasdaq Composite reached all-time highs, driven by a surge in companies associated with the artificial intelligence boom.
Read also: Top 10 richest women in the world worth $457.1 bn combined in Q1 2024
These indexes peaked as two of their top three stocks achieved market capitalizations of over $3 trillion, with Nvidia reaching this milestone for the first time and Apple surpassing it for the first time since January.
Recall she has attained a net worth of $100 billion before; this is not the first time, according to The Guardian.
According to Forbes’s real-time billionaire list, Here are the top five female billionaires in the world as of June 06
Françoise Bettencourt Meyers — $100.8 bn
Alice Walton — $78.8 bn
Julia Koch & family — $65.5 bn
Jacqueline Mars — $38.9 bn
Savitri Jindal & family — $38.1 bn
