Liliane Bettencourt, the world’s wealthiest woman, has died. She was 94.
Bettencourt was the heiress to the L’Oréal cosmetics fortune, and was worth $42.5 billion according to the Bloomberg Billionaires Index.
Jean-Paul Agon, the L’Oréal Group CEO, announced her death in a statement to Bloomberg. No cause of death was given.
Liliane was the only child of L’Oréal SA founder Eugène Schueller, and reportedly owned about a third of the Paris-based beauty company.
She was married to French conservative politician André Bettencourt for nearly 60 years, and they had one child together, Françoise Bettencourt Meyers. André passed away in 2007.
In a rare interview in 1988, Bettencourt told L’Egoïste magazine, “Friendship, taste for life, knowledge, health. I would say that these are the things that are the most valuable. Everything that isn’t measured is what matters most.”
Françoise Bettencourt Meyers, 64, will inherit Liliane's fortune and succeed her mother as the richest woman in the world.