What we know about the world's richest woman: L'Oreal's founding grandfather was a Hitler fan, and her mom declared war on her because of an alfonso

Françoise Bettancourt Meyers, the 70-year-old granddaughter of L'Oreal founder Eugene Schuller, is the richest woman in the world according to Bloomberg's Billionaires Index. She has a fortune of $100 billion, mostly due to her stake in the company, the world's largest cosmetics maker.

She is the first woman to reach that kind of capital. Business Insider has gathered facts about the world's richest female entrepreneur that you might not have known.

Françoise Bettancourt Meyers is the granddaughter of L'Oreal founder Eugène Schuller

French pharmacist Eugène Schuller founded L'Oreal in 1909. His daughter and Françoise's mother, Liliane, inherited the fortune and management of the company after her father's death in 1957.

Together with her husband André Bettancourt, a French politician, they were well known in France for their glamorous parties. But their daughter was less interested in her parents' social lifestyle, preferring to stay at home, playing the piano or reading.

Alphonse Lilian

The relationship between mother and daughter was strained, especially when the future billionaire was a teenager. "Françoise was heavy and slow," her mother once told Vanity Fair magazine.

The situation got worse when Bettancourt grew up. Françoise filed a lawsuit alleging that her mother was under the influence of photographer François Marie Banier. The Frenchman wanted $1.4 billion from the elderly woman in the form of cash, artwork and insurance policies. Liliane, who has been diagnosed with dementia, denied her daughter's allegation, saying she voluntarily shared her assets from Bannier.

In 2009, Françoise told a French news magazine that "Mr. Bagné's goal is obvious: to tear my mother away from our family in order to profit from her. I will not allow this to happen." The case went to trial in 2015. The photographer was sentenced to two and a half years in prison and ordered to pay the victim 171 million dollars in compensation.

The relationship between mother and daughter deteriorated further

"I don't see my daughter anymore and I don't want to," Lilan said in a 2008 interview. - For me, my daughter has become something inert." In 2011, Françoise's mother was placed in family foster care due to concerns about her deteriorating mental health.

Françoise's grandfather was an admirer of Hitler

The heiress' lawsuit also uncovered long-forgotten family secrets, particularly the suggestion that Françoise Meyer's father Andre Meyer and her grandfather were Nazi sympathizers. Eugene Schuller publicly praised Adolf Hitler's "dynamism" in the early years of Nazi Germany, so he was accused of collaborationism after the end of World War II.

Schuller was also a member of a secret society that planned to overthrow the republican government of France in the 1930s. The group, which was linked to numerous assassinations and bombings, was financed by Eugène. Their meetings took place at the headquarters of L'Oréal.

Françoise inherited tens of billions of dollars after her mother's death in 2017

She also inherited a mansion in the suburbs of Paris and a house overlooking the coast of Brittany in France. These neighborhoods are considered to be places where not only rich but also influential people live.

Françoise Bettancourt Meyers has become the first woman to reach the $100 billion mark

The entrepreneur's fortune is estimated by Bloomberg at $100 billion, making her the richest woman in the world. Françoise and her family control about a third of L'Oréal, the world's largest cosmetics manufacturer.

L'Oréal shares are up about 35% this year, hitting their highest level in a decade, and the company's market capitalization has surpassed $250 billion. The growth of stock market performance occurred against the background of the resumption of business after the pandemic.

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