Tag: beauty company

Bio of Liliane Bettencourt

12 June 2011

Heiress to L’Oreal, the largest cosmetic and Beauty Company in the world, Liliane Bettencourt stands the second richest woman in the world in 2011, according to Forbes. The octogenarian is estimated to be worth $23.5 billion.

The only child of Eugene Schueller, the founder of L’Oreal, Liliane lost her mother in 1927, at the age of 5, and inherited her father’s empire upon his death in 1957. By then, she had married Andre Bettencourt, then a French politician with pro-Nazi views and deputy chairman of L’Oreal. They lived in a mansion on Rue de Delabordère in Neuilly-sur-Seine, France. Liliane and Andre remained married until Andre’s death in November 2007. They have one daughter, Francoise Bettencourt and two grandsons: Jean-Victor and Nicolas.

While Liliane worked in her father’s company as an apprentice at 15, little is said or known about her involvement in the business or her professional life thereafter. She is currently a non-executive director of the company as well as the majority stakeholder.

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