When it comes to combining beauty and billions, these industry moguls are simply unbeatable. Forbes’ 2024 Billionaires List reveals the crème de la crème of the beauty world, with some familiar faces flexing their financial muscles.
1. Bernard Arnault: The Crown Jewel of Wealth
Once again, LVMH chairman Bernard Arnault reigns supreme as the world's richest man. With a staggering net worth of $233 billion, Arnault is sitting pretty at the top, a comfortable $35 billion ahead of Elon Musk. Arnault’s empire, LVMH, valued at a cool $448 billion, includes beauty heavyweights like Parfums Christian Dior, Fenty Beauty by Rihanna, Guerlain, and Sephora. Talk about a glow-up!
2. Francoise Bettencourt Meyers: The Queen of Cosmetics
In the 15th spot, we have Francoise Bettencourt Meyers, the granddaughter of L'Oréal founder Eugène Schueller. With a net worth of $99.5 billion, she holds the title of the world’s richest woman. Because, darling, who runs the world? Girls with impeccable skincare routines, apparently.
3. Alain and Gerard Wertheimer: Chanel's Dynamic Duo
Landing at 40th, Alain and Gerard Wertheimer, the powerhouse duo behind Chanel, boast a combined net worth of $36.8 billion. Alain, the chairman, oversees the iconic brand, home of the legendary N°5 perfume. Chanel No. 5: timeless, classic, and apparently very lucrative.
4. François Pinault: The Luxurious Maestro
Following closely is François Pinault, honorary chairman of Kering, with a net worth of $31.6 billion. Pinault’s luxury portfolio includes fashion titans like Saint Laurent, Alexander McQueen, and Gucci. He’s proof that being well-dressed pays off – quite literally.
5. Nicolas Puech: The Hermès Heir
Coming in at 121st, Nicolas Puech, a descendant of Hermès founder Thierry Hermes, has a net worth of $15.6 billion. Hermès may be famous for its fashion, but their cosmetics line is clearly adding some serious weight to Puech’s wallet.
6. Leonard Lauder: The Estée Expert
Leonard Lauder, heir to the Estée Lauder Companies, ranks 126th with an impressive $15.1 billion. From your grandmother’s favorite lipstick to your go-to foundation, Lauder’s legacy is worth its weight in gold – and then some.
7. Rihanna: The Fenty Phenomenon
Pop star turned beauty mogul Rihanna is worth $1.4 billion, earning her a spot on the Billionaires Rich List. With Fenty Beauty and Savage X Fenty under her belt, Rihanna proves that there’s nothing she can’t do. Shine bright like a diamond? More like shine rich like a billionaire.
8. Kim Kardashian: The Contour Queen
Rounding off our list, Kim Kardashian flaunts a net worth of $1.7 billion. Despite shuttering KKW Beauty in 2021, she made a triumphant return with SKKN in January 2024. From reality TV to reality checks, Kim’s beauty empire keeps her bank account as full as her schedule.
These beauty moguls aren’t just making us look good – they’re redefining what it means to be successful in the beauty industry. So next time you swipe on that lipstick or spritz on that perfume, remember: you’re in glamorous, and very wealthy, company.
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