World A major reshuffle has been seen in the list of richest women. Françoise Bettencourt Meyers, granddaughter of Eugène Schueller, founder of France’s leading personal care brand L’Oréal, has now become the richest woman in the world. Meyers has achieved this position leaving Alice Walton behind. Let us tell you that 74-year-old Alice Walton is the daughter of Sam Walton, founder of leading retailer Walmart.
The rise in L’Oreal’s shares changed the circumstances
The 71-year-old Meyers’ net worth took a big hit, overtaking Alice Walton after shares of European luxury brand L’Oreal surged after China announced a new economic stimulus package. Let us tell you that earlier this month, Walton had become the richest woman in the world by defeating Meyers.
Francois Bettencourt Meyers’ net worth reaches $93.1 billion
But on Thursday, Meyers’ net worth increased to $93.1 billion. On the other hand, Walton’s net worth declined during this period and it came down to $90.4 billion. The nearly 7 percent rise in L’Oréal’s shares resulted in a massive jump of $5.5 billion in Meyers’ net worth.
Alice Walton’s net worth drops by $1.3 billion
With this rise, the price of L’Oreal shares reached $408.65, which is the highest level since July. On the other hand, after almost 2% fall in Walmart’s shares, the price of the company’s shares reached $ 79.92, due to which Walton’s net worth declined by $ 1.3 billion.
34.7% stake in the company
Let us tell you that Meyers and his family hold 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 their net worth.
