Francoise Bettencourt Meyers, Klaus-Michael Kuehne, Masatoshi Ito

L’Oreal heir Francoise Bettencourt Meyers names new investment firm MD
The world’s richest woman, Francoise Bettencourt Meyers, has named Cyrielle Villepelet as managing director of her investment company.

In a move that further bolsters her family’s wealth, following a surge in the value of L’Oreal (the cosmetics company founded by her grandfather), Bettencourt Meyers has brought Villepelet across from the Paris office of global management consulting firm McKinsey & Company to work alongside ongoing chief executive Alexandre Benais.

Set up by Francoise Bettencourt Meyers and her husband Jean-Pierre Meyers in 2016, Tethys Invest aims to make direct investments in entrepreneurial projects which do not directly compete with L’Oreal, such as retailer Sezane, private equity company General Atlantic and French private hospital operator Elsan.

The 69-year-old heiress, who is the biggest single shareholder of L’Oreal with a stake of 35 per cent, has an estimated net worth of $188.3 billion (according to the Bloomberg Billionaires Index), thanks to an increased interest in luxury goods that has also benefitted the likes of LVMH head Bernard Arnault, Gucci owner Francois Pinault and the Chanel-owning Wertheimer brothers.

Bettencourt Meyers and her two sons, Jean-Victor Meyers and Nicolas Meyers sit on the board of L’Oreal. Shares of the cosmetics firm have more than doubled in the past five years, with the company now valued at around $217 billion.

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