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  1. Wealth
June 22, 2010

WBrief: Bettencourt, worth $20bn, to declare all assets

By Spear's

France’s wealthiest woman, L’Oreal heiress Liliane Bettencourt, has promised to declare all of her foreign assets to comply with French laws after she was caught on tape allegedly plotting tax evasion, according to media reports.

France’s wealthiest woman, L’Oreal heiress Liliane Bettencourt, has promised to declare all of her foreign assets to comply with French laws after she was caught on tape allegedly plotting tax evasion, according to media reports.

“I have decided to declare all of my family assets that are currently abroad in co-operation with the French tax authorities,” the shampoo and cosmetics billionaire said in a statement.

Secret tapes revealed that Bettencourt, 87, had allegedly conspired to hide money in Swiss bank accounts while making donations to friends in the governing UMP party. She has a fortune estimated at $20 billion.

To read the full story, visit wealthbriefing.com

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