L’Oreal heiress loses control of €14.5bn fortune

FRANCE’S richest woman, the cosmetics heiress Liliane Bettencourt, was ordered to be placed under the legal protection of relatives by a French court yesterday in the latest twist in a family drama worthy of television’s Dallas or Dynasty.

L’Oreal heiress loses control of €14.5bn fortune
Tue, 18 Oct, 2011 - 01:00
Pierre-Antoine, Souchard Courbevoie, France

Lawyers for the L’Oreal heiress said a judge ordered the 88-year-old French billionaire and her fortune be placed under the legal protection of her daughter and grandsons.

Bettencourt lawyer Jean-Rene Farthouat called the decision by a judge in the western Paris suburb of Courbevoie “profoundly disappointing”.

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CourtsPlace: ParisPlace: CourbevoiePerson: Liliane BettencourtPerson: BettencourtPerson: Jean-Rene FarthouatPerson: Eugene SchuellerPerson: Francoise Meyers-BettencourtPerson: Francois-Marie BanierPerson: BanierPerson: Meyers-BettencourtPerson: President Nicolas SarkozyOrganisation: L’OrealOrganisation: MondeOrganisation: NestleOrganisation: SwitzerlandOrganisation: UMP
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