Worlds Richest Woman Dies At Age 94

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(Last Updated On: September 22, 2017)

Liliane Bettencourt, heir to the French L’Oreal hairspray empire and the world’s richest woman, who was at the centre of a long-running French courtroom saga over alleged hangers-on who took advantage of her frailty to elicit money and gifts, has died aged 94.

Bettencourt, whose net worth was estimated at about €33bn (£29bn) this year, was the face of one of France’s biggest cosmetics conglomerates and had once captured the public’s imagination as the nation’s poor little rich girl.

She was the daughter of Eugène Schueller, a chemist and one-time Nazi sympathiser who made a fortune as the inventor of modern hair dye and founder of L’Oréal. Her mother died when she was five, leaving her alone with Schueller whose company she inherited.

Liliane Bettencourt with her husband André Bettencourt in 1992.
Liliane Bettencourt with her husband André Bettencourt in 1992.

Bettencourt hit the headlines in 2007 when members of her entourage were charged with exploiting her failing mental health – leading to a vast inquiry that threatened to engulf the then-president Nicolas Sarkozy.

When Bettencourt’s husband, the politician André Bettencourt, died in 2007, their daughter Françoise Bettencourt Meyers, decided to take legal action against her mother’s eccentric best friend, François-Marie Banier. The dandy photographer, artist and one-time society golden boy was accused of taking advantage of Bettencourt’s frailty to accept almost €1bn worth of gifts, including paintings, life insurance policies and a salary from L’Oreal.

May she RIP.

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