Billionaire L'Oreal heiress Liliane Bettencourt has reconciled with her daughter Francoise Bettencourt-Meyers, they announced Monday, ending a legal wrangle that endangered France's biggest fortune.Bettencourt-Meyers had been seeking to have her 88-year-old mother declared mentally unfit to manage the estimated 17-billion-euro fortune and had sued a society photographer, accusing him of exploiting his ties to the family.But on Monday the feuding relatives issued a joint statement which said they had come to a "private agreement" to end all ongoing court cases.
A society photographer was sentenced to three years in prison yesterday for bamboozling Liliane Bettencourt, heir to the L’Oreal cosmetics empire and France’s wealthiest woman, out of hundreds of millions of dollars.
A string of former advisers were also convicted but the Bordeaux court cleared Eric Woerth, Nicolas Sarkozy’s former presidential campaign treasurer, of taking cash donations from Bettencourt before his 2007 election victory.
Doctors say a brain disease has made L'Oreal heiress Liliane Bettencourt unable to run her affairs and she must be placed under enhanced legal guardianship, a source close to the affair said on Tuesday.The claim came as the battle heated up between the 89-year-old billionaire and her daughter Francoise Bettencourt-Meyers, who has taken legal action alleging that her mother is prey to hangers-on who want to defraud her.
On October 17, a French judge placed the nearly 90-year-old Liliane Bettencourt, a billionaire, under the guardianship of her grandson. The ruling was the culmination of a long battle with her only child Francoise Bettencourt-Meyers who first sought to put the brakes on her mother's over-the-top largesse toward celebrity photographer Francois-Marie Banier four years ago. ...
French police on Wednesday searched the home of the daughter of L'Oreal cosmetics heiress Liliane Bettencourt amid probes into the billionaire's financial affairs, a judicial official said.The search targeted the home of Francoise Bettencourt-Meyers, the estranged daughter of the 87-year-old heiress, in the upmarket Paris suburb of Neuilly.Le Figaro newspaper website said the aim of the police raid was to find out what prompted Liliane Bettencourt's butler to secretly record his employer's conversations.