L’Oreal heiress has passed away with 94.
Liliane Bettencourt, the descendant of L’Oreal Cosmetics, died at age 94. Her family has been confirmed. The statement said she died at home “peaceful” overnight.
With an estimated 2017 net worth of 33bn euros (£30bn; $40bn), she was the world’s richest woman. She left the company’s board in 2012 and was rarely seen in public afterward, but remained in the news because of a high-profile exploitation case following her dementia diagnosis. In a statement, the company’s chairman and CEO Jean-Paul Agon said: “We all had a deep admiration for Liliane Bettencourt who has always watched over L’Oreal, the company, and its employees, and who was very attached to its success and development. “She personally contributed a lot to its success for very many years. A great woman of beauty has left us and we will never forget her.”
The L’Oreal empire
Ms. Bettencourt’s assets, including her holding stake in the cosmetics company, were placed in a trust controlled by her daughter.
One of her two grandchildren, Jean-Victor Meyers, succeeded her on L’Oreal’s board as vice chairman and was named to guard her personal affairs.
Her father, Eugène Schueller, founded a hair dye company in 1909, which then turned into the L’Oreal group. It is now the world’s largest cosmetics company. Source: BBC News
