Liliane Bettencourt, the world's richest woman, dies

Lloyd Doyle
September 21, 2017

Bettencourt, who was 94, was the heiress of the French cosmetics company L'Oreal.

With an estimated 2017 net worth of 33bn euros (£30bn; $40bn), she was the world's richest woman.

Depending on her will, either her daughter or Wal-Mart heiress Alice Louise Walton is now the world's richest woman.

L'Oreal Chairman and CEO Jean-Paul Agon expressed "great admiration" for Bettencourt. She was the daughter of the company's founder, Eugène Schueller.

"She personally contributed a lot to its success for very many years".

The Swiss company has been a major investor since 1974, when Bettencourt entrusted almost half of her own stake in the firm to Nestle in exchange for a three percent holding in the Swiss company.

Bettencourt had reportedly been battling dementia and Alzheimer's disease.

Bettencourt began working for her father's company at age 15 and inherited it in 1957, when after his death.

Other reports by Iphone Fresh

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