Liliane Bettencourt, who London's Times describes as "the world’s wealthiest woman and heiress to the L'Oreal empire," is another victim of Madoff. Amazingly, this is probably the least of her current problems.
If you remember, the 86-year-old billionaire has given close to $2 billion in gifts to a charming photographer. When her daughter dared to question her mother's choices, Bettencourt announced she won't be talking to her daughter anymore and threatened to cut her out of the will.
Forbes estimated Bettencourt's net worth at $23 billion earlier this year. So whatever money she lost through her investment with Thierry Magon de la Villehuchet—remember, he's the money manager who committed a gruesome suicide in his office yesterday after losing $1.5 billion in the Ponzi scheme — won't put much of a crimp in her lifestyle.