In the latest twist to the longstanding mystery surrounding Nicolas Puech's billionaire status, a Swiss court this month threw out the 81-year-old's allegations that his former wealth manager had a role in his fortune's disappearance.
Puech's lawyers told the court he no longer owns the assets in question: about 6 million shares worth roughly €12 billion ($13 billion) in family-controlled Hermès International SCA. The stake would make him the single largest investor in the purveyor of Birkin handbags and colorful silk scarves founded in 1837. The company has since expanded into one of the biggest players in the global luxury industry and made the family Europe's wealthiest. The clan, which counts more than a 100 members, has a net worth of about $155 billion, according to the Bloomberg Billionaires Index.
The decision by an appeals court in Geneva on July 12 found no evidence that financial adviser Eric Freymond mismanaged Puech's fortune or that the reclusive fifthgeneration Hermès heir was duped over a period spanning more than two decades during which time at least some of the stock was sold.
この記事は Business Standard の July 31, 2024 版に掲載されています。
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この記事は Business Standard の July 31, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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