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Home  /  World  /  Walmart heiress Alice Walton reclaims her crown as world’s richest woman, surpassing L’Oreal heiress Francoise Bettencourt Meyers

Walmart heiress Alice Walton reclaims her crown as world’s richest woman, surpassing L’Oreal heiress Francoise Bettencourt Meyers

by Shriya Kataria
September 18, 2024
in Business, The US, World
Reading Time: 2 mins read
Walmart heiress Alice Walton reclaims her crown as world’s richest woman, surpassing L’Oreal heiress Francoise Bettencourt Meyers

In a shift atop the global wealth rankings, Walmart heiress Alice Walton has regained her position as the world’s richest woman, overtaking L’Oreal’s Francoise Bettencourt Meyers, according to a recent report from Forbes.

She, now boasts an estimated net worth of $89.1 billion, narrowly surpassing Meyers, who holds $88.4 billion. This marks the latest chapter in an ongoing rivalry between the two billionaires, with Meyers first seizing the title in 2019 before being unseated by Walton a year later.

Walton’s triumphant return to the top spot

Walton’s resurgence comes after a brief interruption by Julia Koch, the widow of David Koch from Koch Industries, who momentarily disrupted the Walton-Meyers contest in 2023. During that time, Walton slipped to third on the list of the world’s wealthiest women. However, the Walmart heiress has now reclaimed her crown, returning to the top tier of global wealth.

The Walton Family’s dominance in global wealth

The Walton family continues to dominate the world’s wealth rankings, with Alice’s brothers Jim and Rob Walton also securing their places among the richest individuals. According to Bloomberg, Jim Walton, 76, has accumulated a fortune of $102.6 billion, while Rob Walton, 79, holds $100.4 billion. Collectively, the siblings have seen their net worth grow by $30 billion in recent years, bringing the her family’s combined wealth to over $350 billion. Despite Alice Walton’s distinction as the wealthiest woman on the planet, her brothers rank higher on the global scale in terms of individual fortunes.

Elon Musk retains his title as the world’s richest individual

While Alice Walton has reclaimed her status as the richest woman, tech mogul Elon Musk remains the wealthiest person overall. Musk, the founder of SpaceX, The Boring Company, and co-founder of PayPal, currently leads the Forbes Real-Time Billionaires List with a staggering net worth of $251.5 billion. Musk’s ventures also include Neuralink, a brain technology company, and ownership of the social media platform X, formerly known as Twitter. This latest shift in wealth rankings highlights the fluctuating fortunes of the world’s elite, as billionaires continue to jostle for position in an ever-changing economic landscape.

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