date:Sep 11, 2013
n, entrusted nearly half her stake to Nestle for fear it would be nationalized if Socialists came to power.
It turned out to be a great investment for Nestle, as L'Oreal shares have yielded a total return of 15 percent on an annualized basis since then. Nestle's own shares yielded 11.6 percent.
Nestle owns 29.5 percent and Bettencourt owns 30.5 percent of L'Oreal, the firm her father founded as a maker of hair dye. The heiress is now 90 and under the guardianship of family members since a cour