L'Oréal Heiress Bets on France Amid Wealth Decline
Francoise Bettencourt Meyers, L'Oréal heiress and Europe's richest woman, has seen her wealth drop by $26 billion in 2024 due to a 25% decline in L'Oréal shares, largely attributed to weak demand in China. Despite this, she continues to invest through her family firm, Téthys Invest, expanding its portfolio by 26% this year. Bettencourt Meyers remains a significant figure in French business, holding a 35% stake in L'Oréal, although she has been surpassed as the world's richest woman by Alice Walton.