By  on December 16, 2008

PARIS — Liliane Bettencourt has reportedly given photographer François-Marie Banier gifts of some 1 billion euros, or $1.36 billion at current exchange, causing her daughter, Françoise Bettencourt Meyers, to lodge a complaint earlier this year.

According to press reports here, Bettencourt, the 86-year-old daughter of L’Oréal’s founder, Eugene Schueller, who holds a 30 percent stake in the French beauty giant and is considered to be the wealthiest woman in France, has given Banier close to 1 billion euros in the form of financial investments and artwork over the years (with the tempo of gift-giving ramping up recently).

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus