Alice Walton Is World’s Richest Lady, Now Price Practically $100 Billion

In distinction, Françoise Bettencourt Meyers — the granddaughter of Eugène Schueller, who based the French cosmetics big — has seen her wealth shrink by $10 billion this yr to $90 billion. That displays a 13% decline in L’Oréal shares since January.

It was a special story on the finish of final yr, when Bettencourt-Meyers was price $100 billion and Walton was price solely $70 billion.

Bettencourt Meyers ranks nineteenth on Bloomberg’s wealthy listing whereas Walton sits at 18th, simply behind her two brothers, Jim ($98 billion) and Rob ($95.8 billion). The siblings every personal greater than 11% of Walmart, assuming their father evenly divided his shares within the firm between his 4 youngsters. They’ve additionally garnered greater than $15 billion from inventory gross sales and dividends through the years, Bloomberg estimates.

In the meantime, Bettencourt Meyers has about 35% of the world’s largest cosmetics firm, which owns manufacturers together with Garnier and Maybelline. She inherited the stake from her mom, Liliane, who died in 2017.

If Walton’s wealth continues rising and breaches the $100 billion mark, she’ll be part of an elite membership of centibillionaires that features Elon Musk, Invoice Gates, and Warren Buffett.

Walton and Bettencourt Meyers are two of a number of heiresses close to the highest of Bloomberg’s listing, together with Jacqueline Badger Mars and Abigail Johnson, whose grandfathers based Mars and Constancy respectively.