Europe's wealthiest woman owns 31 percent of French cosmetics company L'Oréal, which controls the Kiehl's, Lancôme and Garnier brands. A court ruling in October 2011 appointed Bettencourt's daughter, Francoise, and two grandsons as protectors of the clan's 103-year-old empire. The court rejected Bettencourt's appeal to have them removed as her guardians in January.
Former French President Nicolas Sarkozy, named a suspect late yesterday by judges probing claims he took advantage of billionaire Liliane Bettencourt’s mental frailty to access her money, rejected charges of any wrongdoing.
Former French President Nicolas Sarkozy was named as a formal suspect by judges probing claims he took advantage of billionaire Liliane Bettencourt’s mental frailty to access her fortune, Bordeaux prosecutors said.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
L’Oreal SA heiress Liliane Bettencourt faces 77,752,139 euros ($105 million) in back taxes and penalties on undeclared accounts in Switzerland and Singapore and real estate, including an island in the Seychelles, Mediapart reported today, citing tax authority documents.
L’Oreal SA heiress Liliane Bettencourt, France’s third-richest person, will seek a suspension of a ruling that she is mentally unfit to manage her own affairs, Jean-Rene Farthouat, her lawyer, said today.
Former French President Nicolas Sarkozy was named a material witness by judges investigating claims that people close to Liliane Bettencourt took advantage of the 90-year-old’s mental frailty to get at her fortune.
John Hancock, the estranged son of Australia’s wealthiest citizen, the iron ore billionaire Gina Rinehart, recently flew to the U.S. to join 400 guests at a four-day wedding celebration in Bar Harbor, Maine.