Get Contact Information For Free. [13], Bettencourt generally shunned media attention and granted few interviews. Tethys Investments believe that Eurasia will become hotspot of private equity investments as all countries need to unleash the potential of the private sector and enhance efficiency of their economies. Did man con French heiress out of $1.5 billion? Françoise Bettencourt Meyers and Jean-Pierre Meyers have set up in March 2016 Téthys Invest, a subsidiary of Téthys, largest shareholder of L'Oréal, in order to make direct long term investments in entrepreneur. The family of Liliane Bettencourt, France’s wealthiest woman, has a 33 percent stake in French cosmetics group L’Oreal. From Singapore To New York City, more than 26% of the world’s 2,095 billionaires live in just 10 cities spread across three continents. The life insurance policies were allegedly signed over to Banier after Bettencourt was recovering from two hospital stays in 2003 and 2006. Impact 50: Investors Seeking Profit — And Pushing For Change, Billionaire Drop-Offs: Hundreds Fall Off The 2020 List Amid Pandemic-Induced Market Plunge, The Countries With The Most Billionaires In 2020, The Richest Billionaire In Every U.S. State 2020, The Top 10 Richest Women In The World 2020, Meet The World’s 10 Youngest Billionaires In 2020, The Top 20 Richest American Billionaires Of 2020, From Alibaba Cofounder To White Claw Creator, See Canada’s Top 10 Richest Billionaires, From Oil And Gas To Batteries, Here Are The World’s 10 Richest Energy Billionaires, These Are The 20 Richest Billionaires In Technology In 2020, Golden State Billionaires: California’s Richest Residents 2020, Mexico's Richest People 2020: After Coronavirus Tanks Fortunes, Only 12 Billionaires Remain, World’s Richest Cities: The Top 10 Cities Billionaires Call Home 2020. [11] Bettencourt ended her Board Director tenure on 13 February 2012 and her grandson, Jean-Victor, was appointed as Board Director.

All Rights Reserved. The investment, whose size was not disclosed, is part of the family’s plans to back developments in health, medical research and life sciences, the statement said. Can Sarkozy Survive the Bettencourt Scandal? First-time private equity managers raised a record sum of $83 billion, about 12 percent of all the monies raised for private equity during 2016. Françoise Bettencourt Meyers and Jean-Pierre Meyers have set up in March 2016 Téthys Invest, a subsidiary of Téthys, largest shareholder of L’Oréal, in order to make direct long term investments in entrepreneurial projects. The remainder is owned as follows: 178,381,021 (29.78%) shares owned by Nestlé, 229,933,941 (37.76%) shares are publicly held, and the remainder are held as treasury stock or in the company savings plan. After the war, her husband, like other members of La Cagoule, was given refuge at L'Oréal despite his politically inconvenient past.

The investment was made as Elsan bought French competitor MediPole Partenaires, creating a group with turnover of over 2 billion euros ($2.28 billion). [39][42], Forbes ranked Bettencourt in its list of the world's wealthiest persons with an estimated fortune of US$38.8 billion (as of 28 June 2016). Téthys Téthys is the holding company of the Bettencourt-Meyers family, largest shareholder of L’Oréal. She has served on L'Oreal's board since 1997 and is chairwoman of the family holding company. [12] Bettencourt's daughter and her daughter's husband (Jean-Pierre Meyers) are also members of the board of directors. [37], In July 2010, the scandal widened after Bettencourt's former accountant, Claire Thibout, alleged in an interview with the French investigative website Mediapart, that conservative French politicians were frequently given envelopes stuffed with cash at Bettencourt's mansion in Neuilly-sur-Seine. [35], In June 2010, during the Bettencourt affair, Bettencourt became embroiled in a high-level French political scandal after other details of the tape recordings made by her butler became public. Projects. [9], In 1957, Bettencourt inherited the L'Oréal fortune when her father died, becoming the principal shareholder. [38] Mr Sarkozy and Mr Woerth both deny wrongdoing. Chinese billionaire Zhong Huijuan and her husband Sun Piayoang leading the list run two of the biggest pharmaceutical companies in China.

Company Information. From makeup mogul Kylie Jenner to Hong Kong real estate heir Jonathan Kwok, these 10 billionaires are worth $15.9 billion combined. De la Villehuchet killed himself on 22 December 2008, after it became known that his funds had invested a substantial amount of their capital with Madoff. Showcase and support exceptional savoir-faire and creativity. Access Gregory's direct phone and email. All Rights Reserved, Photo by FRANCOIS GUILLOT/AFP/Getty Images, Reflects change since 5 PM ET of prior trading day. [4] At the age of 15, she joined her father's company as an apprentice, mixing cosmetics and labelling bottles of shampoo. More than 80% of American states are home to at least one of 623 billionaires—including some non-U.S. citizens.

[32] Liliane Bettencourt's lawyer said he would appeal, and told Le Monde newspaper that "Mrs. Bettencourt was ready for 'nuclear war' with her daughter. Francoise Bettencourt-Meyers, along with Bettencourt's two grandsons, gained control of her wealth and property. She is also a writer and has authored a book on the Greek gods and another with commentary on the Bible. TÉTHYS INVEST. TÉTHYS | 129 followers on LinkedIn | Téthys is the holding company of the Bettencourt-Meyers family, largest shareholder of L’Oréal. Téthys est dirigée par Françoise Bettencourt Meyers, Présidente, et … © 2020 Forbes Media LLC. [19] Conversely, in 2007 Bettencourt was jointly "awarded" a Black Planet Award, an award given for destroying the planet, along with Peter Brabeck-Letmathe for proliferating contaminated baby food, monopolising water resources, and tolerating child labour.[20].. See here for a complete list of exchanges and delays.

She also made, then retracted, a claim that Sarkozy was a frequent visitor to the Bettencourt's home while he was mayor of Neuilly-sur-Seine from 1983 to 2002 and received envelopes containing cash. Alexandre Benais is CEO of Téthys Invest Alexandre Benais est Directeur Général de Téthys Invest. "[32] As of 2014, Francoise Bettencourt-Meyers is guardian of the fortune,[34] while Francoise's son, L’Oréal Board member and member of the Supervisory Board of the Bettencourt family holding company, Tethys, Jean-Victor Meyers oversees her health and personal life after a judge determined he was the only person able to "ward off all conflict between Liliane Bettencourt and Françoise Bettencourt-Meyers.

Tethys Investments believe that Eurasia will become hotspot of private equity investments as all countries need to unleash the potential of the private sector and enhance efficiency of their economies. [7] Eventually, the Bettencourts settled in an Art Moderne mansion built in 1951 on rue de Delabordère in Neuilly-sur-Seine, France. View Company Page. [8] They had one daughter, Françoise, who was born in 1953. Home to Silicon Valley, it’s no wonder California has so many of the world’s richest.

Heiress Case Delayed, With Medical Tests Ordered, Photographer on Trial for Receiving Gigantic Gifts from French Heiress, Embarrassment for Sarkozy as £1bn L'Oréal feud comes to court, L'Oreal heiress Bettencourt and daughter 'end feud', BBC News – L'Oreal heiress Bettencourt under family guardianship, "L'Oreal heiress scandal is back in the headlines", L'Oréal heiress joins list of Madoff victims. [36] Moreover, Bettencourt received a €30 million tax rebate while Woerth was budget minister. Tethys Investments' symbol is a trademark of, Tethys Managing Partner Shared His Expert Thoughts on Global Markets, Attractive Asset Values Generate Some PE Interest in Turkey, Tethys Investments Takes Active Part at the IFC EMPEA Global Private Equity Conference (GPEC). Access Contact Information For Free. Tethys Investments aspires to be the leading private equity firm of Eurasia by delivering a competitive risk adjusted return to investors and lasting positive impact to countries where we invest.
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All quotes delayed a minimum of 15 minutes. Téthys is chaired by Françoise Bettencourt Meyers, with Jean-Pierre Meyers being its CEO. She was the first investor in a fund managed by Access International Advisors, which was co-founded by René-Thierry Magon de la Villehuchet. As of 2016, she was the top female billionaire in the world, and was also the richest person in France. Bettencourt died on 21 September 2017. The global venture capital deal value hit more than $100 billion in 2016. Private equity investments in the Central and Eastern European (CEE) region represented less than 0.1% of total assets under management of the global PE industry, which hit $4.3 trillion in 2016. Raise the visibility of French research and in improve public health. Though stocks of the world’s biggest tech companies fell in March in response to the coronavirus pandemic, founders of tech giants, starting with Jeff Bezos, still dominate the uppermost ranks of Forbes’ new billionaires list. The tapes allegedly picked up conversations between Bettencourt and her financial adviser, Patrice de Maistre, which indicate that Bettencourt may have avoided paying taxes by keeping a substantial amount of cash in undeclared Swiss bank accounts. Téthys is chaired by Françoise Bettencourt Meyers, with Jean-Pierre Meyers being its CEO. TÉTHYS INVEST | 187 follower su LinkedIn | Françoise Bettencourt Meyers et Jean-Pierre Meyers ont créé en mars 2016 Téthys Invest, filiale de Téthys, principal actionnaire de L’Oréal afin de réaliser des investissements directs de long terme dans des projets entrepreneuriaux. Life sciences. The Tethys Group of Companies aim at providing comprehensive physical, financial and logistical solutions across the global energy complex.

She became France's reigning L'Oreal Heiress in 2017 when her mother Liliane Bettencourt, then the world's richest woman, died at age 94.