Ms Bettencourt was involved on the Bettencourt-Schueller Foundation’s funding of films, art and research projects. Bettencourt was born in Paris. Her mother died when Liliane was five years old. At the age of 15, she joined her father’s company as an apprentice, mixing cosmetics and labeling bottles of shampoo. In 1950, she married French politician André Bettencourt, who served as a cabinet minister in French governments of the 1960s and 1970s. In 1957, Bettencourt inherited the L’Oréal fortune when her father died, becoming the principal shareholder.
Brand from L’Oreal website
Liliane granted few interviews. n 1987 Bettencourt, together with her husband and daughter, founded the Bettencourt Schueller Foundation with an annual budget of approx €15 million. Bettencourt met François-Marie Banier, a French writer, artist and celebrity photographer and became his benefactor.. On 17 October 2011 a French judge ruled that she is to be placed under the guardianship of members of her family on concerns about Bettencourt’s declining mental health. Francoise Bettencourt-Meyers was awarded control of her mother’s wealth. Liliane Bettencourt left L’Oreal’s board in 2012. French president Nicholas Sarkozy was accused of exploiting her mental frailty to fund his 2007 election campaign, but the case was dropped.