This week, we're replaying some of our favorite Forbes stories from 2024.

Today on Forbes, meet the first $100 billion woman.

There's an elite group at the top of Forbes's billionaires list, the $100 billion club.

It has been an all-male fraternity of billionaires worth $100 billion or more.

On Wednesday, the gender balance changed ever so slightly.

Francoise Betancourt Myers, the vice chair of French cosmetics giant L'Oreal,

is now worth $100.1 billion, per Forbes's calculations, making her the first

woman worth $100 billion or more.

Betancourt Myers, who is 70 years old, briefly passed the $100 billion mark on May 15th, but

then drop back down.

On Wednesday, L'Oreal Group shares rose 0.8% to 455.6 euros, putting her net worth

at $100.1 billion. This, according to our Forbes' real-time billionaires ranking. Most of her

fortune is tied up in a nearly 35% stake in the Beauty Giant that she owns

with her husband and two sons.

She has served on the board since 1997.

Back in April, L'Oreal's stock soared after it beat first quarter sales expectations.

Its share price jumped more than 5% in one day, which put Betancourt Myers within

spitting distance of the centa-billionaire mark. The company pulled in $44 billion, or $41 billion,

in 2023 revenues from its more than three dozen brands, including Mabelene, Kiel's, and

Lankombe. Its success is partially attributed to its strategic acquisitions,

such as its purchase of Australian beauty brand ASOP last summer,

in a deal that valued the brand at $2.5 billion,

...