BELOW SUPERNAV drop zone ⇩

Hermès heir wants to leave $6 billion to his former gardener

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

ovp test

mLife Diagnostics LLC: Oral Fluid Drug Testing

Male shot by female at Shreveport apartment

Class to create biodiverse backyard

Rules for outbursts at Caddo School Board Meeting

AUTO TEST CUSTOM HTML 20241114185800

AUTO TEST CUSTOM HTML 20241115200405

AUTO TEST CUSTOM HTML 20241118165728

AUTO TEST CUSTOM HTML 20241118184948

(NEXSTAR) — An 80-year-old heir to the Hermès fortune has an unconventional idea of how he wants pass down his massive wealth.

Nicholas Puech, whose mother is Yvonne Hermès, is a member of the fifth generation of one of the wealthiest families in the world. Puech’s real-time net worth is near $12 billion, according to Forbes.

He resigned from Hermès’ board in 2014, according to Forbes, but still owns about a 5% stake in the fashion and luxury goods company.

Originally, his wealth was set to be inherited by a philanthropy organization he founded called the Isocrates Foundation. But now it appears Puech has had a change of heart.

Puech is instead fighting to make a former employee his legal heir, Swiss news outlet Tribune de Genève reported this month. The would-be heir is described by the Swiss paper as a “doméstique” of Moroccan origin. CNN reports he was a former gardener, handyman and domestic worker for Puech.

Puech, who has no children, reportedly agreed to leave the entirety of the wealth to the foundation. However, if he has a child – or legally adopts an heir – that person would be entitled to at least half, leaving the foundation with a much smaller cut of the billions.

But the Isocrates Foundation, which gives grants to journalism and media organizations, isn’t letting go of the money without a fight.

“From a legal point of view, a unilateral cancellation of the contract of inheritance seems void and unfounded,” the organization told CNN in a statement. “The foundation has therefore opposed the cancellation of the contract, while leaving the door open for discussions with its founder.”

Business

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

AUTO TEST CUSTOM HTML 20241119133138

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Mist

la

58°F Mist Feels like 58°
Wind
5 mph SSW
Humidity
92%
Sunrise
Sunset

Tonight

Cloudy skies. Low 52F. Winds light and variable.
52°F Cloudy skies. Low 52F. Winds light and variable.
Wind
2 mph W
Precip
7%
Sunset
Moon Phase
Waning Crescent