Liliane Bettencourt

Liliane Bettencourt

Owner of L`Oreal, one of the richest women in the world
Date of Birth: 21.10.1922
Country: France

  1. Biography of Liliane Bettencourt
  2. A Life Shaped by L'Oreal
  3. A Partnership and Legacy
  4. Inheritance and Success
  5. From Humble Beginnings to Global Success
  6. A Resilient Business
  7. Philanthropy and Legacy

Biography of Liliane Bettencourt

Liliane Bettencourt, the owner of the company L'Oreal, is one of the richest women in the world. She was born on October 21, 1922, in France. Currently, according to Forbes, she is ranked 17th among the world's richest people. As of 2008, her estimated fortune is over 22.9 billion US dollars.

Liliane Bettencourt

A Life Shaped by L'Oreal

Liliane Bettencourt is the only child of Eugene Schueller, the founder of L'Oreal, which is now one of the leading brands in cosmetics and perfumery worldwide. At the age of five, Liliane lost her mother, who passed away suddenly.

Liliane Bettencourt

A Partnership and Legacy

Liliane Bettencourt met the French politician Andre Bettencourt and married him in 1950. They lived together until November 2007 when Andre passed away. Their daughter, Francoise Bettencourt, continues her mother's legacy and serves on the board of directors of L'Oreal.

Liliane Bettencourt

Inheritance and Success

Liliane Bettencourt inherited L'Oreal from her father. The company's ownership was divided into shares, with Liliane receiving 27.5%, Nestle receiving 26.4%, and 46.1% being put up for public auction. L'Oreal is one of the largest companies in the world specializing in cosmetics and perfumery. Its headquarters are located in Clichy, France. The company specializes in skin care, hair care, sun protection, makeup products, and fragrance collections.

From Humble Beginnings to Global Success

L'Oreal's success story began with the French chemist Eugene Schueller, who developed a new chemical formula for long-lasting hair dye in 1907. At a beauty contest, he offered to try his innovation on some models, and it was a success. He later established a small production facility for hair dyes and collaborated closely with hairdressers in Prague. In 1909, the company, which grew and developed over time, was registered and named L'Oreal.

A Resilient Business

Even the war from 1941 to 1945 did not destroy Eugene Schueller's business. L'Oreal's technologies continued to evolve, allowing the company to not only compete successfully with other thriving companies but also generate enormous profits for its current owner, Liliane Bettencourt.

Philanthropy and Legacy

Liliane Bettencourt is the second wealthiest person in France, after Bernard Arnault, with an estimated fortune of 26 billion US dollars. She has established a foundation to support education, scientific research, and cultural development in the country.