Perfume giant l’oreal announced the death of its co-owner Lillian Betancur.
This was stated by her daughter Francoise Meyers Betancur.
She noted that her family will continue to own the l’oreal where Bettancourt owns 33% of shares, and the current company President Jean-Paul AGON, who was appointed in 2011, and will continue to remain in office.
Family Betancur, who founded l’oreal, has a 33% stake in the company.
Lillian Betancur considered the richest woman in the world. Forbes estimated her fortune at $40 billion.
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