The heiress of L’Oreal, Liliane Bettencourt has passed away at the age of 94. The world’s richest woman and principal shareholder of L’Oreal, Bettencourt died of age-related ailments according to the announcement made by her daughter Françoise Bettencourt-Meyers. With a net worth of USD 44.9 billion in September 2017, Liliane was the 14th richest person in the world and she was known as the richest woman in the world. Liliane Bettencourt has been on the top of the female billionaires’ list and is followed by several heiresses as well as women who have earned their money from the scratch. Bettencourt was the only child of the founder of L’Oréal, one of the world’s largest cosmetics and beauty companies Eugène Schueller and Louise Madeleine Berthe. List of Top 5 Wealthiest People on Earth.

The death of the 94-year-old billionaire was announced in a formal statement where her daughter said that Liliane died peacefully. The chairman and CEO of L’Oreal, Jean-Paul Agon offered his condolences to the family. Liliane Bettencourt was joined by several heiresses like Alice Walton, Maria Franca Fissolo and others who have been looked up to as the richest and one of the most powerful female figures in the world. here is a look at the top 5 female billionaires who were after Liliane Bettencourt in the world’s richest female list.

1. Alice Walton – Wal-Mart Stores, Inc

Alice Walton

Alice Walton is the daughter of Wal-Mart founder Sam Walton and Helen Walton and is an heiress to the fortune of Wal-Mart Stores. The 67-year-old American has a net worth of USD 38.4 billion and was just behind Liliane Bettencourt on the Forbes list of richest women released in September 2017. In her early career, Walton worked as an equity analyst and money manager with First commerce and holds a B.A. in economics and finance.

2. Maria Franca Fissolo –  Ferrero SpA

Maria Franca Fissolo

Maria Franca Fissolo is the widow of Michele Ferrero who founded the chocolate manufacturer Ferrero SpA. The Italian billionaire is the current owner of Ferrero SpA which is Europe’s second largest confectionery company. Maria Franca Fissolo stands third in the richest women list with a total net worth of USD 30.7 billion.

3. Jacqueline Mars – Mars

Jacqueline Mars

Jacqueline Mars is the heiress of the American candy company, Mars. Jacqueline is the daughter of Forrest Mars Sr. And Audrey Ruth and the granddaughter of Frand C. Mar, who were the founders of the company. An alma mater of Bryn Mawr College, Jacqueline holds a degree in anthropology and is an investor. The net worth of Jacqueline Mars was USD 25.6 billion.

4. Susanne Klatten – Altana, BMW

Susanne Klatten

Susanne Klatten is a German heiress with holdings in Atlanta and BMW. daughter of Herbert and Johanna Quandt, Klatten has a net worth of USD 22.1 billion and is the richest woman in Germany. Klatten holds an MBA from IMD and inherited a 50.1% stake in pharmaceutical and chemicals manufacturer Altana and 12.50% stake in BMW.

5. Yang Huiyan – Country Garden Holdings

Yang Huiyan

Yang Huiyan is the majority shareholder of the real estate developer, Country Garden Holdings. Huiyan holds 55% stake in the company, which was transferred to her by her father, Yeung Kwok Keung, in 2007. Huiyan has a net worth of USD 23.1 billion as per Forbes and her company has partnered with the Malaysian government to develop Forest city. Yang graduated from Ohio State University in 2003. Yang’s younger sister, Ziyang is also on the board of the company.