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An heir to the Hermès fortune has lost a lawsuit against a former financial .
A post-pandemic boom in demand for luxury goods has propelled Hermes to a . An heir to the Hermès fortune has lost a lawsuit against a former financial advisor he claimed had stolen at least billion from him. Nicolas Puech, 81, had promised to leave half his. A post-pandemic boom in demand for luxury goods has propelled Hermes to a valuation of nearly €211 billion (0.8 billion), making Puech’s stake worth around €12 billion. It has made the family, which now counts more than 100 members, Europe’s richest, with a combined fortune this year of about 1 billion, according to the Bloomberg Billionaires Index.
Nicolas Puech was valued by Forbes in 2024 at .6 billion, owing to the 81-year-old’s stake in the Parisian fashion house founded by his ancestor Thierry Hermès. Now, a Swiss court has thrown out Puech’s claims that his wealth advisor allegedly mismanaged his Hermès shares, valued at approximately billion, leaving him with nothing, Bloomberg.
An octogenarian heir to the Hermès luxury fortune, who sparked controversy last year over a plan to leave his money to his gardener, may not have much to give away after all. The Hermès company has annual profits of €11.6 billion (,483,862,000) and is worth 202 billion on the stock market; it has brought prosperity to successive generations of the founder’s.
It has made the family, which now counts more than 100 members, Europe’s richest, with a combined fortune this year of about 1 billion, according to the Bloomberg Billionaires Index.
On a chilly October day in Paris in 2010, Bertrand Puech got an unexpected call on his cellphone from Bernard Arnault, the founder of luxury giant LVMH Moët Hennessy Louis Vuitton SE and one of the world’s richest men. Arnault told Puech, the family patriarch at rival Hermès, that his company had amassed shares in the maker of the iconic . It has made the family, which now counts more than 100 members, Europe’s richest, with a combined fortune this year of about $US151 billion, according to the Bloomberg Billionaires Index. An heir to the Hermès fortune has lost a lawsuit against a former financial advisor he claimed had stolen at least billion from him. Nicolas Puech, 81, had promised to leave half his.
A post-pandemic boom in demand for luxury goods has propelled Hermes to a valuation of nearly €211 billion (0.8 billion), making Puech’s stake worth around €12 billion. It has made the family, which now counts more than 100 members, Europe’s richest, with a combined fortune this year of about 1 billion, according to the Bloomberg Billionaires Index. Nicolas Puech was valued by Forbes in 2024 at .6 billion, owing to the 81-year-old’s stake in the Parisian fashion house founded by his ancestor Thierry Hermès. Now, a Swiss court has thrown out Puech’s claims that his wealth advisor allegedly mismanaged his Hermès shares, valued at approximately billion, leaving him with nothing, Bloomberg.
An octogenarian heir to the Hermès luxury fortune, who sparked controversy last year over a plan to leave his money to his gardener, may not have much to give away after all. The Hermès company has annual profits of €11.6 billion (,483,862,000) and is worth 202 billion on the stock market; it has brought prosperity to successive generations of the founder’s. It has made the family, which now counts more than 100 members, Europe’s richest, with a combined fortune this year of about 1 billion, according to the Bloomberg Billionaires Index. On a chilly October day in Paris in 2010, Bertrand Puech got an unexpected call on his cellphone from Bernard Arnault, the founder of luxury giant LVMH Moët Hennessy Louis Vuitton SE and one of the world’s richest men. Arnault told Puech, the family patriarch at rival Hermès, that his company had amassed shares in the maker of the iconic .
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