Meet Françoise Bettencourt Meyers, the L’Oréal heiress worth about $80 billion

• Françoise Bettencourt Meyers was the first woman to hit a $100 billion net worth.
• She inherited a one-third stake in L’Oréal from her mother.
• The 71-year-old is stepping down from the company’s board of directors this year after nearly three decades.

Françoise Bettencourt Meyers, the 71-year-old granddaughter of L’Oréal founder Eugène Schueller, is leaving the company’s board of directors later this year.

Bettencourt Meyers was the first woman to be worth $100 billion but has since seen her wealth fall slightly as the cosmetics company’s stock fluctuates. Though she was overtaken by Walmart heiress Alice Walton, Bettencourt Meyers remains the second-richest woman in the world, with an estimated net worth of $82 billion.

Here’s a look at Bettencourt Meyers’ life and wealth.