Liliane Bettencourt, L'Oreal Heiress, Sued By Daughter For Giving Billions To A Photographer Friend

Liliane Bettencourt, L'Oreal Heiress, Sued By Daughter For Giving Billions To A Photographer Friend

An unseemly mother-daughter dispute threatens to smudge the glittering public face of L'Oreal, the world's most successful cosmetics company. The mental capacity of L'Oreal's chief shareholder, Liliane Bettencourt, 86, to manage her 23-billion Euro fortune has been challenged by her only child, Francoise.

Mme Bettencourt, one of the world's wealthiest women and a renowned philanthropist, is reported to have funded life insurance policies worth nearly a billion Euros which benefit a jet-set photographer, artist and author whom she has befriended. Her daughter has brought a legal action which suggests that her mother's great age makes her vulnerable to "abuse".

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