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Tom Sancton - The Bettencourt Affair: The World’s Richest Woman and the Scandal That Rocked Paris

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Tom Sancton The Bettencourt Affair: The World’s Richest Woman and the Scandal That Rocked Paris
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An NPR Best Book of 2017
Heiress to the nearly forty-billion-dollar LOral fortune, Liliane Bettencourt was the worlds richest woman and the fourteenth wealthiest person. But her gilded life took a dark yet fascinating turn in the past decade. At ninety-four, she was embroiled in what has been called the Bettencourt Affair, a scandal that dominated the headlines in France. Why? Its a tangled web of hidden secrets, divided loyalties, frayed relationships, and fractured families, set in the most romantic cityand involving the most glamorous industryin the world.
The Bettencourt Affair started as a family drama but quickly became a massive scandal, uncovering LOrals shadowy corporate history and buried World War II secrets. From the Right Bank mansions to the Left Bank artist havens; and from the Bettencourts servant quarters to the office of President Nicolas Sarkozy; all of Paris was shaken by the blockbuster case, the shocking reversals, and the surprising final victim.
It all began when Liliane met Franois-Marie Banier, an artist and photographer who was, in his youth, the toast of Paris and a protg of Salvador Dal. Over the next two decades, Banier was given hundreds of millions of dollars in gifts, cash, and insurance policies by Liliane. What, exactly, was their relationship? It wasnt clear, least of all to Lilianes daughter and only child, Franoise, who became suspicious of Baniers motives and filed a lawsuit against him. But Banier has a far different story to tell...
The Bettencourt Affair is part courtroom drama; part upstairs-downstairs tale; and part characterdriven story of a complex, fascinating family and the intruder who nearly tore it apart.

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An imprint of Penguin Random House LLC

375 Hudson Street

New York, New York 10014

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Copyright 2017 by Thomas A. Sancton

Penguin supports copyright. Copyright fuels creativity, encourages diverse voices, promotes free speech, and creates a vibrant culture. Thank you for buying an authorized edition of this book and for complying with copyright laws by not reproducing, scanning, or distributing any part of it in any form without permission. You are supporting writers and allowing Penguin to continue to publish books for every reader.

DUTTON is a registered trademark and the D colophon is a trademark of Penguin Random House LLC.

LIBRARY OF CONGRESS CATALOGING-I N-PUBLICATION DATA

has been applied for.

Ebook ISBN 9781101984482

While the author has made every effort to provide accurate telephone numbers, Internet addresses, and other contact information at the time of publication, neither the publisher nor the author assumes any responsibility for errors or for changes that occur after publication. Further, the publisher does not have any control over and does not assume any responsibility for author or third-party websites or their content.

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For Maya Jane Sancton,

who came into the world while this book was gestating, and brightens every day

Let me tell you about the very rich. They are different from you and me.

F. Scott Fitzgerald, A Diamond as Big as the Ritz

Happy families are all alike; every unhappy family is unhappy in its own way.

Leo Tolstoy, Anna Karenina

Do you think Im going to go to court and plead against my mother, to add a public scandal to a private one?

Thomas Mann, Buddenbrooks: The Decline of a Family

C ONTENTS

A UTHORS N OTE

A French friend of mine, a cultivated man passionate about theater and literature, asked why I wanted to write a book about those people. By that, he meant the fabulously wealthy Bettencourt family, the brash artist who enchanted Madame Bettencourt and made off with a fortune, and the jealous daughter who tried to stop him. For nearly a decade, those people were fodder for a French media frenzy that often focused on gossip and scandal. The Bettencourt Affair is not a gossip book. It is an in-depth look at an intriguing set of characters whose intense relationships and clashing motives played out against the backdrop of wars, fortune, politics, and the artsuntil the law intervened and led to one of the most dramatic court cases in recent French history. It is above all a rich human drama about money, class, seduction, and betrayal, very French in its forms but universal in its themes. In the end, those people might just tell us something about ourselves.

I have followed the Bettencourt Affair since it first erupted into the French headlines in 2010. As a former Paris bureau chief for Time magazine and a longtime resident of France, I had covered hundreds of stories about French politics, business, culture, and society. But I had never witnessed a drama quite like thisit was Dallas, Downton Abbey, and House of Cards rolled into one. I proposed a piece to Vanity Fair editor Graydon Carter, a friend and colleague from my days at Time, and got an immediate go-ahead. My 6,000-word article, entitled Dangerous Liaisons, ran in the magazines November 2010 edition. My interest in the case perked up again in January 2015 when it finally went to trial in Bordeaux. It was at that point that the idea of doing a book took shapea book not just on the legal case but on the whole Bettencourt saga, from the founding of the LOral cosmetics empire in 1909 to the bitter battle that tore the family apart and even threatened a president a century later.

A vast amount of research material existed alreadyincluding literally thousands of articles in the French press and at least a half dozen French books on the affair. Digging into the past of LOral founder Eugne Schueller took me to the French National Archives, where the files on his alleged Nazi collaboration are housed. In addition to the written sources, I conducted more than sixty interviews.

Attentive readers will note that I gained direct access to Franois-Marie Banier and people close to him, including his partner Martin dOrgeval and former partner Pascal Greggory. Despite numerous requests, however, I was unable to speak directly to Franoise Bettencourt Meyers or her husband, Jean-Pierre Meyers. This is deeply regrettable, but it was their choice. In the absence of face-to-face contact, I was able to talk to sources close to the Meyerses, including their lawyers, friends, and communications advisers. The five published interviews by Franoise Meyers between 2009 and 2012 gave me a good idea of her motivations and point of view.

As for the central figure in this drama, Liliane Bettencourt, my request to interview her for Vanity Fair in 2010 fell through at the last minute. Now its too late: The ninety-four-year-old heiress is closeted in her mansion under the control of her daughter, deep into Alzheimers, and obviously inaccessible. I was able to talk to a number of people close to her, including her guardian for legal matters, Olivier Pelat, a lifelong friend of the Bettencourts. In addition to a half dozen published interviews dating back to 1987, and two televised interviews, I was able to consult Liliane Bettencourts prolific correspondence with Franois-Marie Banier between 1989 and 2010, two volumes of which are included in the court record.

One of the most useful resources was the thirty-five-volume investigative dossier. In addition to police reports and judicial documents, these files contain hundreds of depositions by witnesses ranging from principals in the caseBanier, Liliane Bettencourt, and Franoise Meyersto the Bettencourts domestic employees, advisers, family friends, medical experts, and the other defendants.

In pursuing the legal aspects, I carried out lengthy interviews with former prosecutor Philippe Courroye, who headed up the initial investigation, and Judge Isabelle Prvost-Desprez, who took over the case when Courroye closed his own probe in September 2009. I also met with a dozen lawyers representing the various parties, including one, Pascal Wilhelm, who ultimately found himself on the defendants bench. Several lawyers also made their court briefs available to me.

On the political angle, I was unable to speak directly with ex-president Nicolas Sarkozy or his former campaign treasurer and cabinet minister ric Woerth. But their depositions, published interviews, and, in Woerths case, a whole book on the affair, provided useful insights. Interviews with two of Sarkozys closest aides, former judicial adviser Patrick Ouart, and former chief of staff Claude Guant, gave me a fascinating inside view of the case as seen from the lyse Palace.

I am deeply grateful to all the above-named sources for their cooperation and assistance.

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