Sunday, April 7, 2013

Liliane Bettencourt & family $30 B 90  L'Oreal   France

At age 90, Liliane Bettencourt is the world's richest woman, and returns to the top ten wealthiest for the first time since 1999. She and her family own more than 30% of L'Oreal, which her father founded. They've gotten far richer this year, thanks to a boost in the French cosmetics powerhouse's stock. However she had her fortune placed under the guardianship of her daughter Francoise Bettencourt-Meyers in 2011 following a very public three-year legal battle. The elderly widow, who suffers from dementia, was replaced on the company's board by her 25-year-old grandson Jean-Victor Meyers in February 2012. The family has waged numerous legal battles against one another. In 2008, Bettencourt-Meyers petitioned courts to investigate a reported $1 billion in cash and gifts her mother allegedly gave to a friend, Francois-Marie Banier, a well-known photographer, writer and painter. Francoise claimed, and Liliane hotly denied, that Banier had taken advantage of her mother.

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