Liliane Bettencourt the 88 year old French heiress, socialite and principal shareholder of L’Oréal with a fortune of US$23.5 billion is to be placed under the family guardianship of her eldest grandson the 25 year old Jean-Victor Meyers. Bettencourt opposed her estranged daughter Francoise Bettencourt-Meyers attempts over the past three years to have her declared incompetent due to mental health deterioration from “mixed dementia” and “moderately severe” Alzheimer’s disease. Bettencourt a director of the cosmetic giant L’Oreal board, is mentally unfit to manage the vast fortune she had inherited according to her daughter Bettencourt-Meyers. Bettencourt was the only child of L’Oreal founder Eugène Schueller, forming a close bond with him after her mother died when she was 5 years old. At 15 she joined the company as an apprentice mixing and labeling bottles of cosmetics and shampoos.


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