Hermès’s Nicolas Puech shocked the world last year when he said he planned to pass on half of that fortune to his gardener. Now the $13 billion’s worth of shares in Hermès is missing.
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00:00$13 billion is missing, and an Hermes heir's plan to pass on half of his fortune to his gardener has gone with it.
00:0781-year-old Nicolas Pouet was valued by Forbes in 2024 at $13.6 billion.
00:13Most of his wealth came from shares in Hermes, the fashion house founded by his ancestor Thierry Hermes.
00:19Pouet was in the process of adopting his gardener and re-arranging the benefactors of his estate when it became apparent the shares were missing.
00:26In a court case which concluded this month, Pouet said he no longer owns the assets in question, and he's putting the blame on his former wealth manager, Eric Framond.
00:35A representative for Framond says his client never handled the historic Hermes stock.
00:40An appeals court in Geneva threw out Pouet's claims, but his lawyers told Fortune they were in the process of studying the criminal file in detail.