Heiress, socialite and co-owner of cosmetics company L’Oréal Lillian Bettencourt has been named on the Forbes Rich List as the richest woman in the world, coming in at number 11 on the list.

Said to be worth a total of $36.1 billion, Bettencourt slipped one place in the list due to a fall in fortunes of $4 billion in the past year as shares of L’Oréal fell. 

Bettencourt has made her fortune by being one of the principle shareholders of L’Oréal, with her and her family said to own approximately 30 percent of the company.

The French businesswoman is among 190 other female billionaires that made the list, a figure which fell from 197 last year, with seven dropping out of the category.

Another notable cosmetics family made it into the top female billionaire listing with Aerin Lauder Zinterhofer, Estee Lauder’s granddaughter making it onto the list thanks to her ownership of Estee Lauder stock.

Topping the overall rich list chart was Bill Gates, worth an eye-watering $75 billion, while other cosmetic pioneers making the list included Bernaud Arnault, CEO of LVMH, at number 14, worth $34 billion, and Alain and Gérard Wertheimer of Chanel, who came in joint at 90th place, both worth an estimated $11 billion.