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This press-shy billionaire daughter of L'Oréal's founder is also the richest woman in France. Bettencourt, 82, and her family indirectly control the cosmetics giant. Established in 1907, L'Oréal SA is one of France's leading beauty-care product makers, with a presence in more than 150 countries and a powerhouse of cosmetics, including such brands as Lancome, Maybelline and Helena Rubinstein as well as Ralph Lauren, Giorgio Armani and Paloma Picasso perfumes. The company also has a stake in pharmaceuticals concern Sanofi-Synthelabo. Bettencourt has had a controlling stake in the company since 1957, when she inherited it from her father.



Liliane Bettencourt (born 21 October 1922) is the second richest person in France, ranking 17th in wealthiest people in the world and the wealthiest woman living. Forbes magazine estimated her wealth in 2008 at $22.9 billion.

Bettencourt was the only child of Mr. Eugène Schueller, the founder of L'Oréal, one of the world's leading cosmetics and beauty companies. In 1927, her mother died when Liliane was 5 years old.

In 1950, she married French politician André Bettencourt and lived in Neuilly-sur-Seine, France together until Andre's death in November 2007. They had one daughter, Françoise, who married Jean-Pierre Meyers, the grandson of a rabbi who died in Auschwitz concentration camp. Françoise Bettencourt Meyers is a member of L'Oréal's board of directors

In 1957, Bettencourt inherited the L'Oréal fortune from her father. She is the principal shareholder of L'Oréal. The company ownership breakdown: 27.5% by Liliane Bettencourt, 26.4% by Nestlé, the remaining 46.1% are publicly traded.

She created the Bettencourt Schueller Foundation, which awards the “Liliane Bettencourt Prize for Life Sciences” to a European researcher under the age of forty-five.

A report by Forbes has her listed as the second richest person in France behind Bernard Arnault who has an estimated $26.0 billion.

Liliane Bettencourt (born 21 October 1922) is the richest person in France and one of the wealthiest people in the world. Forbes magazine placed her as the world's 16th richest billionaire in 2005, with $17.2 bn.

Bettencourt was the only child of Eugène Schueller, the founder of L'Oréal, the world's leading company in cosmetics and beauty. In 1927, her mother died when she was 5 years old. In 1950, she married French politician André Bettencourt. She now lives in Neuilly-sur-Seine, France. Together, they have one daughter, Françoise Bettencourt Meyers, who is a member of L'Oréal's board of directors. Françoise Meyers married Jean-Pierre Meyers, the grand son of a rabin who died in Auschwitz.

In 1957, Bettencourt inherited the L'Oréal fortune from her father. She is the principal shareholder of L'Oréal. The company ownership breakdown: 27.5% by Liliane Bettencourt, 26.4% by Nestlé, the remaining 46.1% are publically traded.

Bettencourt's family has a reputation for secrecy, partially due to controversy surrounding her father's connection with La Cagoule, a violent French fascist-leaning and anti-communist group.

 
 
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