Franoise Bettencourt Meyers, the 71-year-old granddaughter of L'Oral founder Eugne Schueller, is leaving the company's board of directors later this year.


Franoise Bettencourt Meyers was the first woman to hit a $100 billion net worth.
She inherited a one-third stake in L'Oral from her mother.
The 71-year-old is stepping down from the company's board of directors this year after nearly three decades.

Bettencourt Meyers was the first woman to be worth $100 billion but has since seen her wealth fall slightly as the cosmetics company's stock fluctuates. Though she was overtaken by Walmart heiress Alice Walton, Bettencourt Meyers remains the second-richest woman in the world, with an estimated net worth of $82 billion.

Here's a look at Bettencourt Meyers' life and wealth.

Schueller, a pharmacist, founded the company that was to become L'Oreal in 1909.His daughter and Bettencourt Meyers' mother, Liliane, inherited Schueller's fortune and control of the company upon his death in 1957.Along with her husband, Andr Bettencourt, a French politician, the Bettencourts were well known in France for their glamorous parties.But Bettencourt Meyers was less interested in the socialite lifestyle of her parents, preferring to stay in and play the piano or read, Vanity Fair reported.

Bettencourt Meyers has a 33% stake in L'Oreal and is a board member.

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