French billionaire L’Oréal heiress Liliane Bettencourt dies at 94

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French tycoon Liliane Bettencourt, the world's richest woman, sat atop the L'Oreal empire and ran a philanthropic foundation, but faced an old age clouded by dementia and legal drama.

Bettencourt, who died late on Wednesday at the age of 94, was the main shareholder in the world's top cosmetics company L'Oreal, with a personal fortune estimated by Forbes magazine in March at $39.5 billion (33 billion euros).