Nicolas Meyers

News About Nicolas Meyers

L’Oréal CEO Nicolas Hieronimus Bets on A.I. to Extend a Nearly $100B Family Fortune

While much of Europe's old money decamps for the Riviera each summer, the Bettencourt Meyers family is busy compounding theirs from the boardroom. L'Oréal's latest earnings show revenue and profit climbing across every division, fueled by an ambitious bet on artificial intelligence—from ChatGPT-powered makeup try-ons to AI-mapped skin microbiomes. The result? A $2.5 billion single-day boost to the fortune of France's most low-profile dynasty, even as they hand the reins to the next generation.
By Beth Duckett

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