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World top billionaires
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Liliane Bettencourt (born 21 October
1922) is the second richest person in France, ranking 17th
in wealthiest people in the world and the wealthiest woman
living. Forbes magazine estimated her wealth in 2008 at
$22.9 billion.
Bettencourt was the only child of Mr. Eugène Schueller, the
founder of L'Oréal, one of the world's leading cosmetics and
beauty companies. In 1927, her mother died when Liliane was
5 years old.
In 1957, Bettencourt inherited the L'Oréal fortune from her
father. She is the principal shareholder of L'Oréal. The
company ownership breakdown: 27.5% by Liliane Bettencourt,
26.4% by Nestlé, the remaining 46.1% are publicly traded.
She created the Bettencourt Schueller Foundation, which
awards the "Liliane Bettencourt Prize for Life Sciences" to
a European researcher under the age of forty-five.
She has a net worth estimated at $20.7 billion made possible
through the family business, a little company called
L’Oreal. She is the daughter of L’Oreal founder Eugene
Schueller and holds a controlling stake in the cosmetics
giant so is likely to make even more money in the future.
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