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Liliane Bettencourt Net Worth, Biography & Wiki 2017
Liliane Henriette Charlotte Schueller was born on 21 October 1922, in Paris France, and as Liliane Bettencourt is known as the face of world-renowned cosmetics company L’Oreal. As of 2015, Forbes magazine ranks Liliane as the richest person in France, second richest person in Europe (Amancio Ortega is the richest) and the second richest woman in the world (just behind Christy Walton), #10 overall.
So just how rich is Liliane Bettencourt? Forbes estimates that Liliane’s net worth is $41 billion, virtually all of her wealth having been accumulated during her long association with L’Oreal, a good deal of which was inherited from her father, Eugene Schueller, who founded the company in 1909. Most of us can only dream of that kind of fortune, but this woman worked really hard to get what she has now.
Liliane Bettencourt Net Worth $41 Billion
Liliane was raised by her father after her mothers death when she was five, and started working in her fathers company at the age of 15 as a plain apprentice mixing cosmetics and labeling bottles of shampoo, and of course finishing as the principal share holder of the company and the director of the board after her father’s death in 1957.
L’Oreal is not the only company she manages, as Liliane is one of the biggest share holders of the Nestle company as well. This energetic woman has had a strict routine all of her life, not only starting her day at 4 o’clock in the morning, but she engaged in regular sports activities, and even now when she is well into her 90s, she goes for long walks every day.
Although you can call Liliane Bettencort the most successful business woman in the world, this is not her only personality asset, as she is a generous philanthropist as well. In 1987 she, her husband and daughter founded the Bettencourt Schueller Foundation, witch holds a fortune of about 150 million Euros and has an annual budget of 15 million. This foundation funds a lot of medical, cultural, social and humanitarian projects. They give scholarships and awards to young scientists, and supports cultural reconstructions.
Liliane Bettencourt has had quite an eccentric private life. She has been accused more than once of tax fraud, and of allegedly funding conservative (some would say fascist) French politicians, including her husband, plus drawing a lot of public attention through ongoing lawsuits between the billionare and her daughter. Liliane has had only one husband, the politician Andre Bettencourt, but he was known not only for his subsequent political life in French governments of the 60s and 70s, but for being a member of a group that supported the Nazis in World War II.
In 2007 she faced increasing media attention because of her friendship with artist and writer Francois-Marie Banier, who received expensive gifts from Liliane such as paintings, photographs, life insurance policies as well as money, apparently worth more than $1 billion. This generosity didn’t make Liliane’s only daughter Françoise Bettencourt-Meyers too happy, so she started a long legal war with Francois for the abuse of her allegedly psychologically unstable mother.
The more recent news scandal is between Liliane and her daughter, who together with her two brothers secured custody of Liliane Bettencourt’s whole fortune in 2011 after a three year legal battle. The following year the famous billionaire was forced to resign her directors seat on L’Oréal’s board as well: Jean-Victor Meyers – her grandson, took her place.