Famous family businesses - who owns what?

Julia Kollewe
Liliane Bettencourt
Liliane Bettencourt

AFP/Getty Images

The powerful L'Oréal matriarch Liliane Bettencourt (pictured), France's richest woman, recently made way for a new generation. The 89-year-old, who has dementia, has been removed from the company board. Her seat has gone to her 25-year-old grandson, Jean-Victor Meyer, who will sit on the board along with his parents - affirming the family's commitment to the company.

The cosmetics giant is but one of a number of major companies around the world that are still controlled by the founding families.