Francoise Bettencourt Meyers Success Story

Francoise Bettencourt Meyers Success Story

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Image Source - Google [ image by - forbes ]

The whole world is celebrating International Women’s Day on the 8th of March. today we warmly congratulate our dearest women: mothers, sisters, wives, friends, and colleagues. Our editors have also decided to require time and pay honor to the incredible financial achievements of some outstanding women.

Global statistics show that even within the twenty-first century, the payment gap between men and ladies is sort of tangible. Female employees even have lower chances of great career growth and top managerial positions. How can women prosper in such a world? Let’s examine the stories of the world’s eight richest women consistent with Forbes's real-time data.

This time, we provide you a story of the French billionaire who has topped Forbes ranking of the richest women for a couple of years straight.
Francoise Bettencourt Meyers (France)

This French billionaire owns one-third of the L’Oreal control packet of shares. Her success secret is simple: Francoise was born into wealth.

The famous care company was founded by Bettencourt’s grandfather. Being a young scientist, he figured out a formula for hair coloring. It became popular among Parisian hairdressers and production grew. the corporate employed more chemists and wonder experts. Together they developed the L’Oreal brand. Hair coloring products were supplemented with body care, face cleansers, decorative makeup, and perfumery.

The history of the brand generally and therefore the founding family, especially, have some skeletons in their closet, though. Nowadays, little is spoken about the ties of L’Oreal and La Cagoule group. Being of German descent, Bettencourt’s grandfather sympathized with the Nazis. He supported the fascist-leaning radical group, both financially and politically. Many of Los Angeles Cagoule’s members became L’Oreal employees after war II. Moreover, they took top positions. Francoise’s father, Andre Bettencourt, was also among them. Her mother, Liliane Schueller, joined the closed corporation as an apprentice. alongside her husband, they made a robust team. The principal shareholder and therefore the deputy chairperson of L’Oreal made the corporate public. However, they reserved the proper decision-making heading for the board of directors.

The shady past of the corporate didn’t intervene with their success. L’Oreal opened many international offices and continued gaining billions. Their production visited global mass markets, therefore the founding family became one among the richest people within the world. Francoise Bettencourt Meyers had infamous disagreements together with her mother. Firstly, she married a Jew. Her husband, Jean-Victor Meyers is that the descendant of a rabbi murdered in Auschwitz. Considering her case history of collaboration with the Nazis, that was controversial. Francoise focuses on cultural studies. Her academic assets include books on Jewish-Christian relationships also as research on Greek mythology. However, the ultimate drop by alienation between mother and daughter was the scandalous legal case.

In 2007, Francoise lodged a criminal complaint about her mother’s relationship with Francois-Marie Banier, a famous celebrity photographer. She claimed he was using her mother’s week mental and physical health to rob her of cash. Liliane denied that, confirming that expensive gifts (artworks, life assurance, etc.) were made out of true friendship. She also refused to travel through the mental check. After a series of lawsuits, Banier was crossed out from the desire. Eventually, the court ruled to admit Mrs. Bettencourt’s mental decline and incapability of running the business. In 2011, Francoise’s son became a trustee of Liliane Bettencourt, and Francoise herself – a guardian of her mother’s fortune.

The billionaire officially inherited her fortune in 2017, when her mother died at the age of 94. Currently, she also is the top of the family charitable foundation which has over $700 million in assets. She has topped Forbes ranking of the richest women for a couple of years straight, with some temporary surrender to her closest rival, Alice Walton. The approximate net worth of her current wealth is $50 billion.