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 ...Contact us to see more Biography
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In July 2014, the L'Oreal Group finalized the buyback of an 8% stake in Vevey, Switzerland-based food product manufacturer Nestle. The L'Oreal Group also announced the disposal of a 50% stake in Galderma, a Switzerland-based joint venture pharmaceutical company between Nestle and L'Oreal, to Nestle and also reduced the number of Nestle representatives on its Board from three to two Directors.Contact us to see more Interesting Facts
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.
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.Contact us to see more Philanthropy
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