Schueller, a pharmacist, founded the company that was to become L’Oréal in 1909.

His daughter and Bettencourt Meyers’ mother, Liliane, inherited Schueller’s fortune and control of the company upon his death in 1957.

Along with her husband, the French politician André Bettencourt, the Bettencourts were well-known in France for their glamorous parties.

But Bettencourt Meyers was less interested in the socialite lifestyle of her parents, preferring to stay in and play the piano or read, Vanity Fair reported.

Bettencourt Meyers and her family have a roughly 35% stake in L’Oréal, which owns mass-market brands like Maybelline, Essie, Garnier, and, of course, L’Oréal, as well as high-end beauty companies like Urban Decay, Lancôme, and Kiehl’s. L’Oréal also licenses the beauty divisions of luxury fashion houses including Yves Saint Laurent and Valentino.

She has been a director since 1997 and vice chair of the board since 2020.

The company said in February 2025 that Bettencourt Meyers doesn’t intend to seek renewal of her tenure as a director once it expires in April.

Jean-Victor Meyers, the oldest of her two sons, will replace her as vice chair of the board.

Bettencourt Meyers also proposed a representative of her family’s holding company, Téthys, should join the board of directors. If approved, Alexandre Benais, deputy CEO at Téthys SAS, would take the role.

The heiress wrote a book on the genealogy of the Greek gods and another with commentary on the Bible.

Their mother-daughter relationship was strained ever since Bettencourt Meyers was a teenager.

“Françoise was heavy and slow,” Bettencourt once said, per Vanity Fair. “Always one lap behind me.”

Bettencourt also called Françoise “a cold child” in an interview with a French newspaper, per The New York Times.

In the lawsuit, Bettencourt Meyers alleged that photographer François-Marie Banier used his friendship with Liliane Bettencourt to manipulate the elderly heiress into giving him some 1.3 billion euros ($1.4 billion) of cash, art, and life insurance policies, The New York Times reported in 2009.

Bettencourt, who was diagnosed with dementia, disputed her daughter’s assertion and said she freely shared her assets with Banier. 

In a 2008 letter to Banier, Bettencourt described their relationship to him, writing: “With you, I am like a mother, a lover, all the feelings pass through me. It makes me tremble,” according to Vanity Fair.

Bettencourt Meyers told a French news magazine in 2009 that Mr. Banier’s “objective is clear: break away my mother from our family to profit from her. I will not let it happen.”

The case went to trial in 2015. Bainer was convicted of “abus de faiblesse,” or “abuse of weakness.”

He was sentenced to two and half years in prison and told to pay Bettencourt 158 million euros in damages.

The jail sentence and payment were later reversed in an appeal.

In 2023, Netflix released a three-part documentary, “The Billionaire, The Butler, and The Boyfriend,” about the family drama.

“I don’t see my daughter anymore and I don’t wish to,” Bettencourt said in a 2008 interview, according to Vanity Fair. “For me, my daughter has become something inert.”

In 2011, Bettencourt was placed under the guardianship of her family due to concerns over her declining mental health. 

Bettencourt Meyers’ grandfather, Eugène Schueller, had publicly commended Adolf Hitler’s “dynamism” in the early years of Nazi Germany and was investigated as a Nazi collaborator after World War II ended.

Schueller was also a member of a secret society that plotted to overthrow France’s republican government in the 1930s. The group, which was linked to multiple murders and bombings, was bankrolled by Schueller, who hosted its meetings at L’Oréal’s headquarters.

André Bettencourt, Bettencourt Meyers’ father, wrote antisemitic diatribes for the pro-German press during the war, according to Time, though he switched his allegiances and joined the Resistance. He was later decorated for his military service during World War II and went on to serve in the French government. 

The investigation stemmed from a criminal complaint filed by Banier in 2015, according to Vanity Fair. At the time, Bettencourt Meyers said the payment she made to the witness was part severance payment and part personal loan, not a bribe for the testimony.

That suit and Bettencourt Meyers’ countersuit against Banier were resolved in a secret plea deal in 2016, Vanity Fair reported.

The house is located in Neuilly-sur-Seine, a wealthy suburb west of Paris. Neuilly-sur-Seine is known in France as “power suburb, a place not only of wealth but influence,” according to The Independent. Over the years, it’s been home to actors like Christian Clavier, Thierry Lhermitte, and Gerard Jugnot, and politician Marine Le Pen.

The Art Deco mansion is where Bettencourt spent her final days, Time reported.

The mansion was one of Bettencourt’s childhood homes, The New York Times reported.

French police searched this home in 2010 as a part of the investigations surrounding the Bettencourt affair, Bloomberg reported at the time.

The couple married in 1984, and Jean-Pierre Meyers is CEO of the Bettencourt Meyers family’s holding company.

The couple has two adult sons, Jean-Victor and Nicolas, both of whom are on L’Oréal’s board of directors.

Her fortune has since dropped from the triple-digit billions, though Bettencourt Meyers is still worth around $80 billion, according to Bloomberg, making her the world’s second-wealthiest woman and the 18th richest person.

In April 2019, she was among several French billionaires who pledged millions after the famous Notre Dame Cathedral caught fire.

Bettencourt Meyers is also the president of the Bettencourt Schueller Foundation, the charity she and her parents founded in 1987. It issues grants to support research in the life sciences and arts projects, according to its website.