On Wednesday night, the world's richest woman passed away. Liliane Bettencourt, the heiress of the cosmetic firm L'Oreal, died "peacefully" in her sleep.
The 94-year-old French businesswoman was the richest woman in the world and among the top 20 richest people between both men and women. According to Bloomberg, Bettencourt had a net worth of $42.5 billion.
Jean-Paul Agon, the CEO at L'Oreal group announced Bettencourt's death. He said that she died at her home in Neuilly in west Paris.
Agon said, "We all had a deep admiration for Liliane Bettencourt who has always watched over L'Oreal, the company and its employees, and who was very attached to its success and development. She personally contributed a lot to its success for very many years. A great woman of beauty has left us and we will never forget her."
Bettencourt was the only child of the L'Oreal founder Eugene Schueller. She owned about one-third of the company's shares, and the business grew exponentially throughout her lifetime.
In an interview in a French literary magazine in 1988, Liliane opened up about her priorities in life.
She said, “Friendship, taste for life, knowledge, health. I would say that these are the things that are the most valuable. Everything that isn’t measured is what matters most.”
Liliane's fortune will be passed on to her only child, Francoise Bettencourt Meyers. The 64-year-old woman heads the family's investment company. With this newly acquired fortune, Francoise will now succeed her mother as the world's richest woman.
About her mother's death, Bettencourt-Meyers released a statement as well.
She said, "My mother left peacefully...I would like to reiterate, on behalf of our family, our entire commitment and loyalty to L'Oreal and to renew my confidence in its President Jean-Paul Agon and his teams worldwide."
We are praying for peace for Liliane's family, as they just experienced a loss. In other breaking news, an Amber Alert was just issued and police are asking for help to locate 4 missing siblings. Please be praying for their safe return.