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Liliane BETTENCOURT

Primary Position:
Shareholder
Primary Company:
L'Oreal Group
Estimated Net Worth:
At least $30 billion
Source of Wealth:
Inheritance/Self-made
Age:
94
Birthday:
21 October 1922
Religion:
Unknown
Nationality:
France
Hometown:
Paris, Ile-de-France, France
Marital Status:
Widowed

Biography

Bettencourt's late father Eugene Schueller discovered a hair-color formula which he named "Oreale" in 1907. He later began manufacturing his own products and sold them to Parisian hairdressers. In 1909, he registered his company, "Societe Francaise de Teintures Inoffensives pour Cheveux", presently the L'Oreal Group. French native, heiress, socialite, businesswoman and philanthropist Liliane Bettencourt was born in 1922. Joined her father's business at the age of 15; initially was an Apprentice of Mixing Cosmetics and Labeling Bottles of Shampoo. Married French politician Andre Bettencourt ...

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Education History

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Interesting Facts

Bettencourt was reportedly ordered to pay $133 million in unpaid taxes by French authorities after undeclared accounts in Singapore and Switzerland and her ownership of private island, D'Arros in the Seychelles came to light during a large tax evasion scandal. Amidst the scandal, Bettencourt allegedly sold her private island, which she had bought for about $18 million in 1998, to a Geneva-based organization, Save Our Seas Foundation for $60 million.

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Interests, Passion, Hobbies

Kind of Interests, Passion and Hobbies: Philanthropy
Description: Co-founded the Bettencourt Schueller Foundation with her husband and daughter.

Kind of Interests, Passion and Hobbies: Fashion
Description: Served as an Apprentice of Mixing Cosmetics and Labeling Bottles of Shampoo at the L'Oreal Group.

Kind of Interests, Passion and Hobbies: Art
Description: Reportedly owns artworks by renowned artists including Chirico, Fernand Leger, Picasso, Girodet, Matisse, Munch, Juan Miro and Braque.

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Philanthropy

Giving Profile: Founded the Bettencourt Schueller Foundation with her late husband, Andre Bettencourt and daughter, Francoise Bettencourt-Meyers in 1987. The foundation devotes approximately 55% of its funds to scientific education and research, 33% to humanitarian and social projects and 12% to culture and arts. In 2011, Bettencourt reportedly donated $14 million to the Institut de France.

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