A family statement has confirmed that L'Oreal heiress Liliane Bettencourt has died at the age of 94.

She is believed to be the richest woman in the world; The heiress was named the 14th richest person in the world by Forbes.  Her daughter Francoise Bettencourt Meyers said in a statement that her mother 'left peacefully' at her home in Paris.

According to reports, She was rarely seen in public since leaving the L'Oreal board in 2012, but her name remained in the headlines as members of her entourage were charged with exploiting her failing mental health.

Bettencourt had been declared unfit to run her own affairs in 2011 after a medical report showing she had suffered from 'mixed dementia' and 'moderately severe' Alzheimer's disease since 2006.



She married French politician and future cabinet minister Andre Bettencourt in 1950, the couple remained together for 57 years during which time they had one daughter.

She inherited L'Oreal after her father died in 1957 and remained at the helm of the company for more than five decades.



In 1987 she set up the Bettencourt Schueller foundation along with her husband and daughter. The organisation is aimed at developing humanitarian projects.

Her position at L'Oreal saw Battencourt face a huge amount of criticism throughout her career and in 2007 she was given a Black Planet Award - an award created by the Ethecon Foundation and handed to those it deems to be destroying the planet.

Her death opens a new phase for L'Oreal, France's fourth-largest listed company, altering the relationship it has with key shareholder Nestle, the Swiss food company.

Bettencourt and her children owned 33 percent of the company. Her daughter said in a statement the family remained committed to L'Oreal and its management team.

http://www.egusiboard.com/the-richest-woman-in-the-world-loreal-heiress-liliane-bettencourt-dies-aged-94-leaving-behind-billions-of-dollars/

RIP to the money woman

A life well spent


her generations to come will be proud of her...

is that her daughter still single!

overdrive:
is that her daughter still single!

I don't think so