[Trending News] Heiress of L'Oréal, Françoise Bettencourt-Meyers announces reform

Françoise Bettencourt-Meyers will leave office on L'Oréal's board and the group's vice presidency from the next shareholder meeting, which will be on April 29, 2025. The company announced the change last Thursday, day February 6. According to Forbes magazine, the vice presidency moves to one of his sons, Jean-Victor Meyers, while the position on the council is Alexandre Benals, ATHYS Invest Assistant CEO-Family Holding and Cosmetics company's largest shareholder. Bettencourt-Meyers' two sons are already part of the board of directors.

With an estimated fortune of about 71 billion euros, according to Bloomberg Index, Françoise, 71, is the second richest woman in the world, behind Alice Walton, the heiress of the Wallmart supermarket chain. The daughter of André and Liliane Bettencourt, and granddaughter of Eugène Schueller, the founder of the beauty giant, Françoise Bettencourt-Meyers became the first woman to accumulate a fortune of over $ 100 billion (about 90 billion of euros). The Bettencourt-Meyers family holds about 35% of L'Oréal, a cosmetics company that made a profit of 6.4 billion euros in 2024.

At the group's board of directors since 1997 and as vice president since 2020, Françoise Bettencourt-Meyers also wrote two books (a Bible study and a book on Greek mythology), a pianist and president of the Family Philanthropic Foundation. He became L'Oréal's main heiress in 2017, after the death of his mother, Liliane, at the age of 94.

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