Liliane Bettencourt, the L'Oreal cosmetics heiress and the world's richest woman, has died at her home in a chic Parisian suburb. She was 94.
Bettencourt's daughter, Francoise Bettencourt Meyers, said in a written statement Thursday that her mother "left peacefully" overnight in Neuilly-sur-Seine.
Liliane Bettencourt was the only child of Eugene Schueller, who founded L'Oreal in the early 20th century. Forbes magazine estimated her fortune to be worth $39.5 billion this year.
L'Oreal Chairman and CEO Jean-Paul Agon expressed "great admiration" for Bettencourt, saying she "always looked" after the company and its employees and had...