Billionaire & Luxury Brand Hermes 5th Generation Heir Nicolas Puech (Age 82) with Lost $16 Billion Fortune (6 Million Hermes Shares) 24-Year ex-Wealth Manager Eric Freymond Has Died, Nicolas Puech Lost Switzerland Lawsuit in 2024 Against His Wealth Manager Eric Freymond for Defrauding Him by Selling His Hermes Shares Over 20 Years in Swiss Banks, Court Rules Nicolas Puech Could Had Revoked His Agreement with His Wealth Manager, Had Placed Blind Trust Including Giving Advisor Access to His Bank Accounts, Cancelled Mandate with Advisor in 2022, Nicolas Puech Has No Children & Pledged to Give 50% of His $13 Billion Fortune to ex-Gardener Age 52
26th July | Hong Kong
Billionaire & luxury brand Hermes 5th generation heir Nicolas Puech (Age 82) with lost $16 billion fortune (6 million Hermes shares) 24-year ex-wealth manager Eric Freymond has died. In 2024 August, Nicolas Puech lost his then-$13 billion fortune (6 million Hermes shares) after losing Switzerland lawsuit against his wealth manager Eric Freymond for defrauding him by selling his Hermes shares over 20 years in Swiss banks. The Switzerland court ruled Nicolas Puech could had revoked his agreement with his wealth manager, had placed blind trust including giving his advisor access to his bank accounts. Nicolas Puech cancelled the mandate with his advisor in 2022. Nicolas Puech now has no shares in Hermès International SCA (6 million shares). In 2023 December, billionaire & luxury brand Hermes 5th generation heir Nicolas Puech (age 80) with no children was reported to be giving 50% of his $13.2 billion (EUR 12 billion) fortune to his ex-gardener (age 51) & started legal process to adopt his ex-gardener as son. The wealth transfer to his ex-gardener was reported to be an attempt to cancel the succession plan (gifting) agreed with charity Isocrates Foundation he (Nicholas Puech) founded in 2011. The Isocrates Foundation is an independent philanthropic foundation, dedicated to the protection and promotion of public debate. Hermes had a current market capitalization of $230 billion (2/8/24: EUR 211 billion). Hermes was founded by Thierry Hermes in 1837. In 2024 December, an investor consortium led by existing shareholder Bruno Chamoin family, Hermes heirs new family office Krefeld Invest & Canada insurer Fairfax Financial Holdings were exclusive talks to buy France insurer Albingia, with current shareholder asset manager Eurazeo expected to sell their entire 70% shareholding for $303 million (EUR 289 million). Krefeld Invest was founded in 2022 and is entity for 8 Hermes family offices & investment firm. Krefeld is named after Germany village of Hermes founder Thierry Hermes birthplace.
“ Billionaire & Luxury Brand Hermes 5th Generation Heir Nicolas Puech (Age 82) with Lost $16 Billion Fortune (6 Million Hermes Shares) 24-Year ex-Wealth Manager Eric Freymond Has Died, Nicolas Puech Lost Switzerland Lawsuit in 2024 Against His Wealth Manager Eric Freymond for Defrauding Him by Selling His Hermes Shares Over 20 Years in Swiss Banks, Court Rules Nicolas Puech Could Had Revoked His Agreement with His Wealth Manager, Had Placed Blind Trust Including Giving Advisor Access to His Bank Accounts, Cancelled Mandate with Advisor in 2022, Nicolas Puech Has No Children & Pledged to Give 50% of His $13 Billion Fortune to ex-Gardener Age 52“
Billionaire & Luxury Brand Hermes 5th Generation Heir Nicolas Puech $13 Billion Fortune is Lost after Losing Switzerland Lawsuit Against His Wealth Manager Eric Freymond for Defrauding Him by Selling His Hermes Shares Over 20 Years in Swiss Banks, Court Rules Nicolas Puech Could Had Revoked His Agreement with His Wealth Manager, Had Placed Blind Trust Including Giving Advisor Access to His Bank Accounts, Cancelled Mandate with Advisor in 2022, Nicolas Puech Has No Children & Pledged to Give 50% of His $13 Billion Fortune to ex-Gardener Age 51
3rd August 2024 – Billionaire & luxury brand Hermes 5th generation heir Nicolas Puech (Age 81) $13 billion fortune is lost after losing Switzerland lawsuit against his wealth manager Eric Freymond for defrauding him by selling his Hermes shares over 20 years in Swiss banks. The Switzerland court rules Nicolas Puech could had revoked his agreement with his wealth manager, had placed blind trust including giving his advisor access to his bank accounts. Nicolas Puech cancelled the mandate with his advisor in 2022. Nicolas Puech now has no shares in Hermès International SCA (6 million shares). In 2023 December, billionaire & luxury brand Hermes 5th generation heir Nicolas Puech (age 80) with no children has been reported to be giving 50% of his $13.2 billion (EUR 12 billion) fortune to his ex-gardener (age 51) & starts legal process to adopt his ex-gardener as son. The wealth transfer to his ex-gardener has been reported to be an attempt to cancel the succession plan (gifting) agreed with charity Isocrates Foundation he (Nicholas Puech) founded in 2011. The Isocrates Foundation is an independent philanthropic foundation, dedicated to the protection and promotion of public debate. Hermes has a current market capitalization of $230 billion (2/8/24: EUR 211 billion). Hermes was founded by Thierry Hermes in 1837.
Billionaire & Luxury Brand Hermes 5th Generation Heir Nicolas Puech Age 80 with No Children to Give 50% of His $13.2 Billion Fortune to Ex-Gardener Age 51 & Starts Legal Process to Adopt Gardener as Son, To Cancel Succession Plan & Gifting Agreed with Charity Isocrates Foundation Nicholas Puech Founded in 2011
22nd December 2023 – Billionaire & luxury brand Hermes 5th generation heir Nicolas Puech (age 80) with no children has been reported to be giving 50% of his $13.2 billion (EUR 12 billion) fortune to his ex-gardener (age 51) & starts legal process to adopt his ex-gardener as son. The wealth transfer to his ex-gardener has been reported to be an attempt to cancel the succession plan (gifting) agreed with charity Isocrates Foundation he (Nicholas Puech) founded in 2011. The Isocrates Foundation is an independent philanthropic foundation, dedicated to the protection and promotion of public debate. Hermes has a current market capitalization of $229 billion (21/12/23: EUR 209 billion). Hermes is founded by Thierry Hermes in 1837.
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