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€999,99 including VAT
This article originates from our research for the European single family office database, featuring prominent family investment vehicles across Europe. Our list covers investment interests in sectors like financial markets, real estate, venture capital, private equity, and renewable energy, highlighting the most influential family offices on the continent.
The Bettencourt Family: Europe’s cosmetics dynasty
Françoise Bettencourt Meyers, heiress to the L’Oréal fortune and granddaughter of the company’s founder, is currently the richest woman in the world. In 2024, Forbes estimated her wealth at nearly $100 billion. Together with her family, she holds more than a third of L’Oréal’s shares, demonstrating her influence in the beauty empire. Bettencourt Meyers has been a key figure on L’Oréal’s board of directors since 1997 and also chairs the family’s holding company. She inherited the family legacy in 2017 after the death of her mother, Liliane Bettencourt. In addition to its business activities, the Bettencourt Meyers family is a major philanthropist for French scientific and artistic endeavors. In this capacity, she is President of the Bettencourt Schueller Foundation. The wide range of charitable and business activities requires good management, so we take a look at the Bettencourt family office, Tethys Investments.
Tethys Investments: Private equity fund & Healthcare Investor
Tethys Invest, the family office of the Bettencourt family, operates as a private equity fund with over €3 billion of capital and is positioned to secure a reliable income stream from L’Oréal dividends. This structure enables Tethys to earn a steady flow of capital which supports the family office in its long-term growth strategy. the Bettencourt family office mainly invests in the healthcare sector. Key investments include Elsan, a major private hospital network in France, and Sebia, an in-vitro diagnostics company. In addition, Tethys has diversified its portfolio with the acquisition of a 20% stake in Galileo Global Education, a leader in innovative private education. The company is led by a former CEO of Lazard Bank and a close associate of the Bettencourt family.
Picture Source: Aurora . via Unsplash
Last Updated on November 26, 2024
