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TheDailyBeast.com: The Richest Women in the World

2. Liliane Bettencourt

Age: 89
Country:France
Net worth: $23.5 billion
Notable company: L’Oreal
Current position: Principal shareholder, L’Oreal

The heiress to the L’Oreal cosmetics empire may be worth billions on paper, but her daughter pulls the purse strings. Bettencourt gave hundreds of millions in gifts and cash to photographer François-Marie Banier over the course of a decades-long relationship. Last October a court ruled that Bettencourt was not mentally able to control her assets and put her money in a guardianship controlled by her daughter.

(Victor Boyko / Getty Images)
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