French businesswoman and billionaire Liliane Bettencourt, is dead. Liliane’s family founded L’Oreal and till date own the largest stake in the cosmetics giant. She died aged 94.
Bettencourt, who was listed by Forbes as the richest woman in the world, was the heiress to the beauty and cosmetics company created by her father a century ago as a maker of hair dye.
Bettencourt’s daughter Francoise Bettencourt-Meyers said in a statement
“My mother left peacefully,” Bettencourt-Meyers said, adding that she had died during Wednesday night at her home in Paris.