Francoise Bettencourt Meyers, the L’Oreal heiress, is world's richest woman         Francoise Bettencourt Meyers, world's richest woman, to beat Elon Musk. — Reuters/File

World’s richest woman is Francoise Bettencourt Meyers with a net worth of $97.1 billion.

Meyers, the L’Oreal heiress, is the world’s wealthiest woman. Her grandfather Eugène Schueller started the business 1909.

As of today, the 70-year-old multi-billionaire has 34.7% of the company’s share capital with her family, according to the Bloomberg Billionaires Index.

Through the perfect mix of science, research and creativity to stay relevant and ahead of the curve, the drugstore cosmetic brand released to mega success.

Since 1997, Bettencourt Meyers, a prominent personality on the board of directors, has played a pivotal role in growing the global empire and shaping it into the top worldwide beauty brand.

"Diversification strategy is essential for businesses," per The Strategy Institute. 

"It ensures that a company’s revenue streams are not tied to a single product or service. By entering into new markets or product lines, businesses can capitalise on emerging trends and generate new revenue streams." 

Francoise Bettencourt Meyers's net worth is lower than Elon Musk but she is still the world's richest woman.