Liliane Bettencourt

L'Oreal heiress Liliane Bettencourt, the world's richest woman, dies at 94

L'Oreal heiress Liliane Bettencourt, the world's richest woman, dies at 94

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...

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