1. Françoise Bettencourt Meyers, L’Oreal
Net worth: US$54.7bil
The richest woman in the world (at the time of writing), Françoise Bettencourt Meyers ranks 13 on Forbes’ World’s Billionaires list. The heiress, who is the granddaughter of L’Oreal’s founder Eugène Schueller, inherited the beauty empire when her mother Liliane Bettencourt passed on in 2017. She is the chairwoman of the family’s holding company Tethys SAS, which owns 33 per cent of L’Oreal’s stock. Bettencourt Meyers is also passionate about philanthropy and is the president of the family’s Bettencourt Schueller Foundation, which funds and encourages scientific research, humanitarian causes and the arts in France. Together with L'Oreal, the foundation donated US$226 million to repair Notre Dame cathedral following the April 2019 fire.
See Also: International Women's Month 2020: Achievements of Notable Women Around the World
2. Alice Walton, Walmart
Net worth: US$51.3bil
Unlike her brothers, Alice Walton, the daughter of Walmart founder Sam Walton doesn’t have an active role in running the world’s largest retailer. Instead, she is a dedicated patron of the arts and a philanthropist. She is also the founder and chairperson of Crystal Bridges Museum of American Art, which she established in 2011. Crystal Bridges was the first major art museum since 1974 and has since amassed a notable collection, including works from Andy Warhol, Norman Rockwell, and Mark Rothko. In 2017, Walton founded non-profit foundation Art Bridges, which aims to provide greater access to American art throughout the country.