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CEOWORLD magazine - Latest - Money and Wealth - Alice Walton on the Verge of Joining the $100 Billion Club, Becomes World’s Richest Woman

Money and WealthSuccess and Leadership

Alice Walton on the Verge of Joining the $100 Billion Club, Becomes World’s Richest Woman

Alice Walton is on track to join the exclusive club of centi-billionaires, a group that includes Elon Musk, Bill Gates, and Warren Buffett, as her wealth approaches the $100 billion milestone.

The Walmart heiress recently overtook L’Oréal heiress Françoise Bettencourt Meyers to become the wealthiest woman in the world, with her net worth poised to surpass $100 billion in the near future. Walton, daughter of retail magnate Sam Walton, has seen her fortune exceed $95 billion for the first time. This significant increase in her wealth—rising by $25 billion this year—is largely attributed to Walmart’s stock price surging 44% to a record high.

Meanwhile, Bettencourt Meyers, the granddaughter of French cosmetics giant Eugène Schueller, experienced a $9 billion drop in her net worth this year, bringing her total down to $91 billion. This decline is primarily due to a 12% fall in L’Oréal shares since January. At the end of last year, the situation was notably different, with Walton valued at $70 billion and Bettencourt Meyers at $100 billion.

If their father, Sam Walton, equally divided his Walmart stock among his four children, each sibling would own over 11% of the company. Since 1992, the Walton siblings have collectively earned more than $15 billion from dividends and stock sales.

Bettencourt Meyers, who owns roughly 35% of L’Oréal—the world’s largest cosmetics company and the parent of brands like Maybelline and Garnier—inherited her stake after the death of her mother, Liliane Bettencourt, in 2017.

 

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CEOWORLD magazine - Latest - Money and Wealth - Alice Walton on the Verge of Joining the $100 Billion Club, Becomes World’s Richest Woman
Anna Siampani
Anna Siampani, Lifestyle Editorial Director at the CEOWORLD magazine, working with reporters covering the luxury travel, high-end fashion, hospitality, and lifestyle industries. As lifestyle editorial director, Anna oversees CEOWORLD magazine's daily digital editorial operations, editing and writing features, essays, news, and other content, in addition to editing the magazine's cover stories, astrology pages, and more. You can reach Anna by mail at anna@ceoworld.biz