fell precipitously Friday as shares of L’Oreal, the French beauty company about one-third owned by the billionaire and her family, registered their worst single-day performance since the Great Recession.AFP via Getty ImagesBettencourt Meyers and her family’s fortune fell $6.9 billion to $91.
Friday’s freefall came as L’Oreal’s stock tanked nearly 8% to a three-month low after a slowdown in its Asia businessFriday was the single worst day for Paris-listed shares of L’Oreal since Oct. 27, 2008, according to FactSet data.Bettencourt Meyers, the granddaughter of L’Oreal founder Eugène Schueller and sole daughter of the former wealthiest woman in the world Liliane Bettencourt, serves as vice chairwoman of L’Oreal’s board.
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