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7 Things You Didn’t Know About the Beauty Industry and Its Major Players

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Rihanna became a billionaire largely because of the success of Fenty Beauty (Photo: Kevin Mazur/Getty Images for Fenty Beauty by Rihanna)

Here are the most successful beauty companies and CEOs in 2022

The cosmetics industry does more than ensure a pretty face: it’s a mammoth money-spinner, and that’s one the reasons that more and more make-up and skincare brands are launching every year. With social media changing the game and allowing more companies and influencers to be visible on an international level, it’s majorly boosted the value of cosmetics as a whole.

Read more: Why Filters on Social Media Are Changing Make-up Trends for the Better

According to Globe Newswire, the global cosmetics market was valued at USD$307 billion in 2020, however much of that belongs to just a handful of businesses and individuals. These are some of the most successful brands and business owners in the beauty industry in 2022, and how they got their net worth.


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Françoise Bettencourt Meyers (Photo: Antoine Gyori/Corbis via Getty Images)

The richest woman in the cosmetics industry and indeed in the world is Françoise Bettencourt Meyers, granddaughter of the founder of L’Oréal, with a net worth of US$74.8 billion.

© 2022 Tatler Asia Limited. All rights reserved.

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