She is the richest woman in the world, even big industrialists will be surprised to know her net worth

There has been a major reshuffle in the list of the world‘s richest women. Françoise Bettencourt Meyers, granddaughter of Eugène Schueller, founder of France’s leading personal care brand L’Oréal, has now become the world’s richest woman. Meyers has achieved this position by leaving Alice Walton behind. Let us tell you that 74-year-old Alice Walton is the daughter of Sam Walton, founder of the giant retailer Walmart.

The surge in L’Oreal’s shares changed the situation

71-year-old Meyers’ net worth jumped after European luxury brand L’Oreal’s shares surged after China announced a new economic stimulus package, pushing her past Alice Walton. Earlier this month, Walton had overtaken Meyers to become the world’s richest woman. 

Francoise Bettencourt Meyers’ net worth rises to $93.1 billion

But on Thursday, Meyers’ net worth rose to $93.1 billion. On the other hand, Walton’s net worth declined during this period and it came down to $90.4 billion. Due to the nearly 7 percent rise in L’Oreal’s shares, Meyers’ net worth jumped by a whopping $5.5 billion.

Alice Walton’s net worth drops by $1.3 billion.

With this rise, the price of L’Oreal’s shares reached $408.65, which is the highest level since July. On the other hand, Walmart’s shares fell by about 2% and the price of the company’s shares reached $79.92, due to which Walton’s net worth declined by $1.3 billion. 

Has a 34.7% stake in the company

Let us tell you that Meyers and his family own about 34.7% stake in L’Oreal. In such a situation, the fluctuations in the company’s shares have a direct and effective impact on his net worth.