Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Monday, June 28, 2010

L’Oréal Heiress' Financial Affairs Revealed

Loreal heiress Long-serving butler of Liliane Bettencourt, 87-year-old L’Oréal heiress, recently released tapes that he privately recorded over the course of a year. The tapes reveal Liliane’s relationship with her long-estranged daughter, Liliane’s relationship with photographer Francois-Marie Banier, and political connections cultivated by the managers of her $20 billion fortune that now threaten President Nicolas Sarkosy’s economic reforms.

Liliane’s daughter has filed a complaint against the photographer, accusing him of taking advantage of Liliane to extract gifts worth over $1 billion. Next week, the court case should reveal whether or not the world’s 17th wealthiest person is unknowingly being robbed of her fortune.

Liliane sees the tapes as an extreme invasion of privacy and is suing everyone who played a role in recording and disseminating them.

For more information, see Scheherazade Daneshkhu, France: Because She’s Worth it, Financial Times, June 25, 2010.

Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this to my attention.

https://lawprofessors.typepad.com/trusts_estates_prof/2010/06/lor%C3%A9al-heiress-financial-affairs-revealed.html

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