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Marine Conservation Organization Purchases Private Island For $60M From Liliane Bettencourt

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Europe’s wealthiest woman, Liliane Bettencourt, allowed a marine conservation organization to purchase her private island in the Seychelles for $60 million.

The eighty-nine year old L’Oreal SA heiress purchased the 0.6-square mile D’Arros Island and a few other smaller islands in 1998. Save Our Seas Foundation based in Geneva, who purchased the private island plans to turn it into a nature reserve. A Bettencourt family spokesman, Jean-Christophe Chiquet, gave confirmation of the purchase.

Save Our Seas is a privately funded non-profit organization that is a supporter of marine life education, research, as well as conservation projects. Spokesman for the foundation, Christoph Lamps, refused to identify the individual who is founder of Save Our Seas, only stating that he “is not Swiss.”

According to the Bloomberg Billionaires Index, Bettencourt has a total worth of $23.3 billion. She is the 2nd wealthiest person in France, behind Bernard Arnault, who is head of LVMH Moet Hennessy Louis Vuitton SA (MC), the world’s biggest luxury-goods company.

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