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Bettencourt’s Billions

Talk about a bad birthday. Imagine, not receiving a present on your birthday, but instead having to give everything away. Well, heiress to the L’Oreal fortune, Ms. Liliane Bettencourt of France has fell victim to this terrible birthday present. Liliane Bettencourt turned 89 years old, a birthday worth celebrating if you ask me, and all she gets is a court placing her under the guardianship of her grandson. Sounds a little odd, right? Well, the heiress is a little more than just that, Ms. Bettencourt is in fact the wealthiest woman in France, making her worth over twenty-three and a half…wait for it…Billion dollars! This woman is truly worth a fortune. The family issues are coming from the fact that it had been uncovered that Liliane Bettencourt was giving away money. Now with over twenty-three billion in the bank one would think, what’s the big deal? Indecently, this scenario was a huge deal. Liliane Bettencourt gave over a billion Euros away in supposed gifts to a photographer. Said photographer is Francois-Marie Banier, and claims the gifts weren’t just cold hard cash but consisted of artwork, insurance, and other various items (no two news sites seem to be in agreement over how the estimated “give-away” total reached over a billion). The trial was brought to court by Ms. Liliane Bettencourt’s daughter, Francoise Bettencourt-Meyers. After discovering the ‘miss-placed’ money issues her mother was having with their family’s assets, Francoise Bettencourt-Meyers took her mother to court, and ten-months ago things appeared to come to an end. However, the issue re-emerged and this time Francoise Bettencourt-Meyers has made it a guardianship issue – which includes guardianship over the family’s fortune. Concluding their trial on the basis of guardianship, it has been ruled that “Liliane Bettencourt is too ill with dementia to control her family fortune and placed her under the guardianship of her 25-year-old grandson, Jean-Victor Meyers (son of Francoise Bettencourt-Meyers). It has been said that Liliane is not satisfied and her lawyers will be pursuing another court date as they are prepared for “nuclear war” with Ms. Bettencourt-Meyers.

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