Francoise Bettencourt Meyers, the granddaughter of the founder of L'Oreal, is the richest woman in the world. Bettencourt Meyers and her family own around 33% of L'Oreal stock. She has served on L'Oreal's board since 1997 and is chairwoman of the family holding company. She became France's reigning L'Oreal heiress in 2017 when her mother Liliane Bettencourt, then the world's richest woman, died at age 94. Bettencourt Meyers also serves as the president of her family's philanthropic foundation, which encourages French progress in the sciences and arts. Together, L'Oreal and the Bettencourt Meyers family agreed to donate $226 million to repair Notre Dame Cathedral following the April 2019 fire.