World’s richest woman and the 14th richest person in the world has passed away.

Liliane Henriette Charlotte Bettencourt L’Oreal heiress, was a socialite and businesswoman and the principal shareholder of beauty brand L’Oreal. She was 94.

In March 2017, Forbes Magazine ranked Mrs Bettencourt as the richest woman in the world with a fortune of $39.5 billion (£29.1bn).

“Liliane Bettencourt died this night at home. She would have been 95 on October 21. My mother left peacefully,” her daughter Françoise Bettencourt-Meyers announced.