“Full List”: Meet The World’s 10 Richest Women Led by 74-Year-Old as Dangote Gets New Position

• Alice Walton has emerged as the World’s wealthiest woman, with over $95 billion in net worth
• She overtook Francoise Bettencourt Meyers with over $4 billion on the Bloomberg Billionaire Index
• Walton is ranked 18th wealthiest person in the World behind her brothers, Jim and Rob Walton, who own equal shares in Walmart

Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

Data from the Bloomberg Billionaire Index show that Alice Walton, the daughter of retail tycoon Sam Walton, has exceeded $95 billion in net worth for the first time.

She overtook Francoise Bettencourt Meyers, the granddaughter of Eugene Schueller, the founder of a cosmetics firm, with $91 billion, reflecting a 12% decline in L’Oreal shares since January.

Alice Walton overtakes Meyers

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Last year, Bettencourt Meyers was worth an astounding $100 billion and Walton about $70 billion.

Meyers is ranked 20th wealthiest individual on the Bloomberg Billionaire Index behind Walton, ranked 18th richest person and the World’s richest woman.

Walton is ranked behind her two brothers, Jim Walton with $98 billion and Rob Walton with $95.8 billion.

The siblings each own more than 11% of Walmart after assuming their father’s equally divided shares in the company between his four children.

Over the years, they also earned over $15 billion from stock sales and dividends.

Meyers’ shares in L’Oreal declines

According to reports, Bettencourt Meyers owns about 35% of the World’s largest cosmetics firm, L’Oreal. This firm owns brands such as Garnier and Maybelline, which she inherited from her mother, Liliane, who died in 2017.

Alice Walton is on her way to joining the World’s wealthiest individuals if her wealth reaches the $100 billion mark.

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Walton and Meyers are the only women close to the top of the Bloomberg list, including Jacqueline Badger Mars and Abigail Johnson, whose grandmothers founded Mars and Fidelity, respectively.

Here are the top 10 wealthiest women in the World

• Alice Walton: $95.1 billion
• Francoise Bettencourt Meyers: $91.5 billion
• Julia Flesher: $75 billion
• Jacqueline Badger Mars: $50 billion
• Abigail Johnson: $36 billion
• MacKenzie Scott: $36.2 billion
• Miriam Adelson: $32.5 billion
• Susanne Klatten: $27.9 billion
• Elaine Marshal: $25.8 billion
• Sherry Brydson: $19.9 billion

Dangote loses Africa's richest spot

Legit.ng earlier reported that Nigerian billionaire Aliko Dangote has lost his title as the wealthiest man in Africa for the second time in a month.

South Africa’s Johann Rupert claimed the top spot from the Nigerian industrialists after Dangote’s wealth declined due to a drop in the shares of his company, Dangote Cement.

The Nigeria Exchange Limited (NGX) data shows that the cement firm led the pack of top laggards after its share price dipped by about N59.10, a 10% drop from N591.10.

Source: Legit.ng