Francoise Meyers, Bernard Arnault Gain $11.1 Billion in Net Worth Amid Luxury Stock Rally

Francoise Meyers and Bernard Arnault saw their net worth rise by $11.1 billion following a luxury stock rally. Meyers, the granddaughter of L'Oreal founder Eugène Schueller, is the principal heir of L'Oreal and holds a significant stake in the company.

Bernard Arnault's wealth surge is linked to his leadership at LVMH, which controls 75 luxury brands, including Louis Vuitton and Dior. The surge in LVMH's stock reflects growing investor confidence in the luxury sector, particularly in Europe.

Meyers previously faced a wealth decline in 2024, slipping to third place among the world's richest women. Arnault's investments extend to media and technology through companies like Netflix and Byted.

The acquisition of Tiffany & Co for $15.8 billion in 2021 by LVMH remains the largest deal in the luxury industry's history, supporting long-term growth. Meyers' family also pledged $200 million towards the restoration of Notre Dame Cathedral in 2019.