Photos: L’Oreal heiress Liliane Bettencourt, one of the richest women in the world, dies

Liliane Bettencourt, the wealthiest woman in the world and the heiress of cosmetics giant L’Oreal, has died at the age of 94, according to her daughter.

The Bettencourt family has a 33-percent stake in the company. “In this painful moment for us, I would like to reiterate, on behalf of our family, our entire commitment and loyalty to L’Oreal and to renew my confidence in its President Jean-Paul Agon and his teams worldwide,” Françoise Bettencourt Meyers said in a statement.