World’s Richest Woman Passed Away

World's Richest Woman Passed Away

Liliane Bettencourt, the richest woman on earth passed away. The prime shareholder of L’Oreal Cosmetics was 94. Last year this eminent business woman was named as world’s richest female personality with wealth worth of $39.5 billion.

Liliane’s daughter Françoise Bettencourt-Meyers issued a statement saying that her mother took last breath at her Paris residence on Thursday.

Françoise also commented that her mother left quite peacefully. She would celebrate her 95th birthday just a month later on 21 October.

Last year Liliane Bettencourt topped Forbes magazine’s worldwide wealthiest women’s list and was positioned at number 14 in the general list holding wealth of $39.5 billion (£29 billion).

L’Oréal chairman and CEO Jean-Paul Agon expressed his grief and condolence to Liliane ‘s family in a separate statement. “We all had a deep admiration for Liliane Bettencourt who has always watched over L’Oréal, the company and its employees, and who was very attached to its success and development.”

After leaving the world famous French brand L’Oréal’s board in 2012, Liliane Bettencourt was rarely seen in public. However taking unethical favors from Liliane by some of her employees due to her mental illness kept Liliane often in news headlines.

In such an incident, a renown French photographer was sentenced to two and a half years imprisonment when it was found that he had received some of Picasso paintings, life insurance funds and millions of euros in cash from Liliane Bettencourt.

Liliane was the only child of Louise Madelaine Berthe and Eugene Schueller, founder of L’Oreal Cosmetics. Born in Paris, Liliane lost her mother at the age of only 5. This made Liliane more attached with her father.

Liliane Bettencourt joined their family business when she was 15. And after her father’s death in 1957, she became the empress of the entire L’Oreal empire.

Liliane was married to French politician Andre Bettencourt. Andre was a minister in French cabinet during 1960s and 1970s. He was a member of La Cagoule, a violent French fascist pro-Nazi organization. Liliane’s father was a supporter and fund contributor of this organization in 1930s.

Liliane and Andre’s first child Françoise was born in 1953.

After her mother’s death, Françoise also stated in her statement, “In this painful moment for us, I would like to reiterate, on behalf of our family, our entire commitment and loyalty to L’Oreal and to renew my confidence in its President Jean-Paul Agon and his teams worldwide.”