The Billionaire Heiresses Of Luxury Beauty And Fashion Brands

Women have been climbing up the billionaires’ lists, with 337 women billionaires in 2023 compared to 327 in 2022, according to Forbes. Here are the billionaire women who inherited their fortunes in luxury beauty and fashion empires. Some are leading their companies, while others control sizable shares. Net worths are as of June 13, 2023

- RAWAN HASSAN

Francoise Bettencourt Meyers & family
Net worth: $87.1 billion
Brand: L’Oréal

The richest woman on the planet for the third year in a row, L’Oréal heiress Françoise Bettencourt Meyers is the granddaughter of the founder of L’Oréal. She owns around 33% of L’Oréal stock with her family. She has served on L’Oréal’s board since 1997 and is chairwoman of the family holding company. In 2022, L’Oréal was the leading beauty manufacturer in the world, with revenues amounting to $40.8 billion, covering 14% of the global market share, according to Statista. L’Oréal Group recorded $11.3 billion in sales in Q1 2023, recording a 13% annual increase like-for-like.

Miuccia Prada
Net worth: $5.3 billion
Brand: Prada