World's Richest Woman Dies Age 94

Tyler Durden's picture

Alice Walton, of Wal-Mart family infamy, is now the richest woman in the world, as The FT reports Liliane Bettencourt, the heiress of cosmetics giant L’Oreal and world’s richest woman, has died at the age of 94.

The FT details that Bettencourt was the daughter of chemist Eugène Schueller, who founded the company in 1909. According to Forbes magazine’s ranking of global billionaires, she topped the list of the world’s richest women for the second year in a row in 2017 with an estimated net worth of $39.5bn. She stepped down from L’Oreal’s board in 2012 following a 17-year tenure, and her shareholding has been under the guardianship of family members since 2011, when a court concluded that she was unfit to look after it herself.

Bettencourt was the richest woman in the world but only the 15th richest person in the world.

And with Bettencourt's passing, Wal-Mart's Alice Walton (19th overall in the world) becomes the richest woman in the world...

L’Oreal chairman and chief executive Jean-Paul Agon said in a statement that Bettencourt “personally contributed greatly” to the company’s success and “was a great lady of beauty who has left us and whom we will never forget.”

“We all had a great admiration for Liliane Bettencourt, who always looked after L’Oreal, the company and its employees, and was very attached to its success and development.”

 

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Megaton Jim's picture

Hopefully, the rest of the Walton family follow her soon!

ejmoosa's picture

No one is more happy than the Federal Government and the state of Arkansas.

 

What's going to be their cut of the wal mart empire?

Bastiat's picture

Just as dead as some poor grandma in a shack on Barbuda or under the rubble in Mexico City.

Adullam's picture

He (or she) that dies with the most toys ... still dies.

"It is appointed unto men once to die, but after this the judgment" (Hebrews 9:27)

land_of_the_few's picture

Sarkozy will be gutted. Well not literally, or anything.

Mr 9x19's picture

-----> sarkozy in lateral safety position

beemasters's picture

Sometimes I wonder... do people love you for who you are or for what you have? And what's 40B when you die? It probably shows you are a self-centered, out of touch hoarder in life ...really...when half of the world are living in poverty.

ergatz's picture

Has anyone figured out yet how to take those Billion$ with them when they die? http://wp.me/p4OZ4v-6u

DWD-MOVIE's picture

I'm making over $14k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... http://disq.us/url?url=http%3A%2F%2Fwww.Jobzon3.com%3Ab8eR_DQLwGRPVGtFvv...

Mr. Schmilkies's picture

none of these fuckers has lost any money year to date, geez.  Who's their broker? 

83_vf_1100_c's picture

and all your money will not a minute more buy. (Rich) dust in the wind.

Not a big fan of cosmetics. A quality perfume can be sexy. Women sweat too so deodorant is a plus.

Gen. Ripper's picture

I don’t see Vlad on this list

Jimbeau's picture

94?... meh, didn't look too bad

I'd guess she'd had a few liver transplants

zoo's picture

She died being the second richest woman. she totally failed!

zoo's picture

OK ok I didn't read the article. Congrats to Missis Walton on becoming number 1

 

CPL's picture

The flock of buzzards is impressive now that she died.  They'll be crawling out of hte wood work for the next couple of days and of course now that she'd dead....people will start to talk.

Donald J. Trump's picture

Alice will probably get the laws rewritten to her benefit right b4 she croaks.

 

I wonder what France's take is on Bettencourt.  Maybe they can give more to the "refugees".

reload's picture

Their cut?

Probably zero or a small token at best. The Waltons are experts at using trusts and foundations to avoid the kind of taxes that are used to prevent regular folk passing on generational wealth. I rather doubt old Ma L`Oreal will be facing much of an estate tax bill either. Rich French people have not kept their money in France for a very long time indeed.

Jessica6's picture

Only one child: https://en.wikipedia.org/wiki/Fran%C3%A7oise_Bettencourt_Meyers

The family she married into obviously not concerned about L'Oreal's Nazi past...

peddling-fiction's picture

"The family she married into obviously not concerned about L'Oreal's Nazi past..."

It never is an issue for these "enlightened" folks.

Jimbeau's picture

I wonder if them Nazis kilt & ate more babies than the other govts...

FarCanal's picture

No the Soviet Marxists were the Champs there , killed 66 million Christians,'road of bones' etc.

fleur de lis's picture

It has been estimated that approximately 100 million were killed within the USSR's borders over a period of 70 years.

The biggest genocide we're not allowed to hear about.

Maybe because the Federal Parasite Reserve funded the Bolsheviks.

gdogus erectus's picture

Saw the headline and thought the queen had died - no, just a pidley billionaire.

PhilofOz's picture

My thoughts went straight to Lynn Forester de Rothschild. A member of the trillionaire club with so much influence they can be left completely off any world's richest list. Her creepy husband looks like he's close to 100!

Anon2017's picture

Not a Rothschild on the list.

 

Croesus's picture

@ OP:

Hopefully you read the article, before you post...Walton's alive and well.

Donald J. Trump's picture

I think we all do.  But think how your day would go, and what you would see, had makeup not been invented.

any_mouse's picture

Less vanity and obsession with the superficial and transient.

Silicon breasts and makeup do not create Beauty.

Illusions.

Gead's picture

Man oh man - proof positive all the money in the world doesn't help a bit towards making a woman worth banging.

lie_to_me's picture

As if men actually have a clue when most "natural" women are wearing make-up.

you_are_cleared_hot's picture

My retirement portfolio is a bit light these days...does anyone know what bingo hall Alice Walton goes to? I got a new bottle of Sen-Sen that I'm sure she'll love. I told my wife I'm taking one for the team.

shimmy's picture

Stunned that the richest women in the world all seem to have inherited their wealth. 

magnetosphere's picture

hey! there are a bunch of unlisted women on that list. they married into wealth!

land_of_the_few's picture

Yeah, don't knock those hard-working ones!

Winston Churchill's picture

I know a woman who CONTROLS more wealth than that and its not the queen.

Inherited a fortune, then married an enormous one.

She pays Forbes a tidy sum per year not to be any of their lists.

Ben Tornilloed's picture

She married an enormouse one?  Isn't that what most women aspire to?

LeadPipeDreams's picture

The Forbes list is a fraud and complete misdirection. The truly wealthiest make up the global criminal conspiracy and hide in the shadows.

peippe's picture

hey what are you implying?

why, look at melinda gates, she's doing pretty well, self-made woman goin gher own way,  marrying the boss & all....

oh, wait, nevermind.

 

flacorps's picture

RIP. Now we have a woman whose company has all the social responsibility of the SS

shovelhead's picture

Nonsense.

The SS housed and fed it's workers...

but the retirement plan kinda sucked.

Zepper's picture

Never has the saying 'The wicked witch is dead' rang more true.

spastic_colon's picture

never have seen alice not wearing her cutting horse attire.................

Yukon Cornholius's picture

Who cares about list of billionaires? Small potatoes.

LA_Goldbug's picture

Somehow I don't believe that list to be correct.