
Algerian-born French tycoon Sue Nabi makes $14 million from Coty stake
Algerian-born French executive benefits from 10% rally in Coty shares, as stock momentum lifts wealth despite year-to-date losses.
Algerian-born French executive benefits from 10% rally in Coty shares, as stock momentum lifts wealth despite year-to-date losses.
Revenue fell to $4.64 billion, a 2.4% decline from the previous year, driven by currency challenges and a tough market environment.
This follows a sharp drop between Jan. 27 and Feb. 19, when her stake fell by $64.05 million, from $242.51 million to $178.46 million.
The recent decline has pushed the market value of her stake below $180 million.
The recent increase highlights renewed investor confidence in Coty’s strategic direction under her leadership.
Despite 2024 setbacks, the beauty sector offers long-term growth potential, with Nabi's leadership crucial for Coty’s recovery.
The modest increase in revenue came despite a 1 percent foreign exchange impact and the divestiture of the Lacoste license.
This follows a prior loss of $48.44 million from Sept. 27 to Oct. 17, when her stake declined from $303.06 million to $254.62 million.
Algerian-born executive Sue Nabi's net worth takes a hit as her stake in Coty slumps below $255 million.
Algerian-born executive Sue Nabi's net worth takes a hit as her stake in the beauty giant plummets below $300 million.
Despite this setback, Sue Nabi remains a pivotal figure in the beauty industry.
This follows a decline of $83.6 million between February 27 and April 16, when her stake dropped from $401.8 million to $318.2 million.
Despite the decline, Nabi remains a key player in the beauty industry. As Coty’s CEO, her visionary leadership continues to significantly impact the global beauty landscape.