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French court puts Bettencourt riches in daughter's hands

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French court puts Bettencourt riches in daughter's hands


A court in France has ruled that the country’s richest woman, Liliane Bettencourt, be placed under the guardianship of her grandson and that her vast fortune be managed by her daughter.

Lawyers for the L’Oréal heiress say they’ll appeal after being locked in legal battles with her daughter Francoise Meyers for three years.

The court considered a medical report, quoted by the newspaper Le Monde, saying the 88 year old is suffering from ‘mixed dementia’ and ‘moderately severe Alzheimer’s disease.’

In a newspaper interview published on Sunday Bettencourt said she would leave France if the court made her daughter her guardian.

Francoise Meyers had argued that her mother was not fit to manage the private fortune estimated at 16-billion euros, and her 31 per cent stake in L’Oréal.

Bettencourt’s daughter said the ruling will not have any consequences for the cosmetics giant.

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