World's richest woman and heiress to cosmetics firm L'Oreal Liliane Bettencourt have passed away.
BBC reports that a statement released by the family revealed she had died at home "peacefully"
overnight.
Until her death, she had an estimated net worth of 33bn euros (£30bn; $40bn) as at 2017.
In a statement, the company's chairman and CEO Jean-Paul Agon said: "We all had a deep admiration for Liliane Bettencourt who has always watched over L'Oreal, the company and its employees, and who was very attached to its success and development.
Liliane left the company's Board in 2012 and was rarely seen in public but stilled remained in the news for diverse reasons.
L'Oreal is now the world's largest cosmetics company.
May her Soul rest in peace.
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