Hermes Heir to Give IDR 172 Trillion Fortune for His Gardener
- Istimewa
France – One of the Hermes' heirs, Nicholas Puech, wants to leave a fortune of US$ 11 billion, or IDR 172 trillion, to his 51-year-old former gardener.
Puech, the 80-year-old is the grandson of the founder Hermes and owns 5.7% of the company.
According to the Swiss publication Tribune de Geneve, the reclusive Peuch has little contact with his family.
Single and childless, he considers the gardener (whose name has not been released) to be like kin. Not much else is known publicly about the gardener besides that he comes "from a modest Moroccan family" and has a Spanish wife and two children.
Hermes
- ndtv.com
Earlier, Peuch promised to hand over his money to his foundation. But this year, he had a change of heart, sending a handwritten note to the foundation expressing his wishes for a new succession.
With no direct heirs to his name, the billionaire may get away with his plan. But not without major legal hurdles.
According to Tribune de Geneve, adopting an adult child in Switzerland is complicated – add that the adoptee stands to earn billions, and it becomes a high-stakes battle.
This is not the first time Puech has clashed with his family. In 2014, he left Hermès board of directors after a hostile takeover bid by fashion rival LVMH. But he retained his shares, making him among the wealthiest individuals in Switzerland.
He now lives in a mansion with 66 other inhabitants in La Fouly, according to El Pais.
Hermes, now the third-largest publicly listed company in France worth an estimated $200 billion, is no stranger to the spotlight. Still, this latest development has taken center stage, evoking questions and curiosity about the future of this storied empire.
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