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Richest Woman in the World’s Wealth Decreases by $7 Billion as L’Oreal Experiences Worst Day in Over a Decade

Francoise Bettencourt Meyers, the world’s wealthiest woman, saw a significant decrease in her net worth on Friday due to the poor performance of L’Oreal shares. The French beauty company is partially owned by the billionaire and her family, and it registered its worst single-day performance since the Great Recession.

Bettencourt Meyers and her family’s fortune fell by $6.9 billion to $91.7 billion on Friday, making her the biggest loser among billionaires that day. Despite the drop, she remains the 15th-richest person on the planet and the richest woman, with a significantly larger fortune than the second-richest woman, Walmart heiress Alice Walton.

The decline in L’Oreal’s stock, which dropped nearly 8% to a three-month low, was sparked by a slowdown in the company’s Asia business, causing the firm’s quarterly sales to fall short of analyst estimates. However, this did not deter Bettencourt Meyers from continuing her philanthropic efforts and donating millions of dollars to various causes each year.

Friday marked the single worst day for Paris-listed shares of L’Oreal since October 27, 2008, according to FactSet data. Despite this setback, Bettencourt Meyers remains committed to growing her family’s empire and expanding L’Oreal into new markets around the world.

By Editor

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