Richest woman in the world, Liliane Bettencourt is dead

Liliane Bettencourt, the L’Oreal heir who was the world’s richest woman, has died at the age of 94.

“Liliane Bettencourt died last night at home,” her daughter Françoise Bettencourt Meyers said in a statement on Thursday. “My mother left peacefully.”

Bettencourt was the 14th richest person in the world, according to Forbes magazine, which estimated her net worth in March at €33bn (£29bn).

She was rarely seen in public since leaving the L’Oreal board in 2012.