Curated By: Business Desk
Last Updated: December 12, 2023, 12:05 IST
Nicolas Puech will not be married and has no kids.
Nicolas Puech has already transferred considered one of his properties in Morocco and a villa in Montreux, Switzerland to his gardener.
Nicolas Puech, an 80-12 months-previous main shareholder of the luxurious items firm Hermes, is planning to undertake his 51-year-old gardener. He will even be the beneficiary of his 11-greenback billion (Rs 91,000 crore) fortune. Nicolas Puech is the grandson of Hermes founder Thierry Hermès. Puech submitted his resignation from the board of administrators of Hermes in 2014. He, nevertheless, has a 5 p.c stake within the firm regardless of his resignation. Puech will not be married and has no kids. Reportedly, he has additionally began preparations for the switch of his property to the gardener. Puech is taking the assistance of authorized advisors to finish this work. Adopting or declaring an older individual the inheritor of the property in France is a really difficult course of. As per stories, this 51-year-old gardener has married a Spanish lady and has 2 kids. His identify, nevertheless, has not been revealed within the public area but.
Not solely this huge sum of Rs 91,000 crore, however Puech has additionally gifted many different luxurious gadgets to his gardener. According to stories, Puech has already transferred considered one of his properties in Morocco and a villa in Montreux, Switzerland to him. The complete worth of those properties is 59 lakh {dollars} (Rs 50 crore).
Social media customers are questioning what prompted Puech to switch such an enormous sum to his gardener. He may have additionally given this cash to considered one of his members of the family, however he didn’t. According to stories, in 2014, Mr Peuch stop the corporate’s supervisory board in acrimonious circumstances. This occurred after the style rival firm LVMH acquired 23 p.c of Hermes. This was finished as a part of a hostile takeover bid, largely by stealth. Puech’s different members of the family arrange a holding firm with their shares to dam a takeover by LVMH. Puech, nevertheless, held on to his stake within the firm. This led to a feud with the members of the family which could have influenced Puech’s unconventional selection of inheritor.
UBS (previously often called the Union Bank of Switzerland), is a worldwide monetary companies firm. It has mentioned in considered one of its research that many extra billionaires will take such steps sooner or later.
