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An heir to the Hermès fortune has lost a lawsuit against a former financial advisor he claimed had stolen at least billion from him. Nicolas Puech, 81, had promised to leave .

An octogenarian heir to the Hermès luxury fortune, who sparked controversy last year over a plan to leave his money to his gardener, may not have much to give away after all. Now, a Swiss court has thrown out Puech’s claims that his wealth advisor allegedly mismanaged his Hermès shares, valued at approximately billion, leaving him with nothing, Bloomberg. Nicolas Puech was valued by Forbes in 2024 at .6 billion, owing to the 81-year-old’s stake in the Parisian fashion house founded by his ancestor Thierry Hermès.

A Swiss court has ruled that the one-time largest shareholder in luxury Hermès stock cannot blame his wealth manager for losing his fortune.

Nicolas Puech, a descendant of the founder of Hermès, planned to leave billions to his former gardener. Now he says his fortune is gone, alleging fraud by his former wealth . In a damning rebuttal to the case, Bloomberg reported the court found the "‘gigantic fraud’ to which [Puech] was victim was undetectable to common mortals." Stephane Grodecki, . Nicolas Puech, a descendant of the founder of Hermès, planned to leave billions to his former gardener. Now he says his fortune is gone, alleging fraud by his former wealth .

Nicolas Puech, 81, the largest individual shareholder in the family-controlled luxury fashion business Hermès International SCA, sparked controversy last year when he . Court ruling says allegation of "gigantic fraud" could not be proven as the octogenarian placed "blind trust" in his former advisor.

An heir to the Hermès fortune has lost a lawsuit against a former financial advisor he claimed had stolen at least billion from him. Nicolas Puech, 81, had promised to leave half his.

An octogenarian heir to the Hermès luxury fortune, who sparked controversy last year over a plan to leave his money to his gardener, may not have much to give away after all. Now, a Swiss court has thrown out Puech’s claims that his wealth advisor allegedly mismanaged his Hermès shares, valued at approximately billion, leaving him with nothing, Bloomberg. Nicolas Puech was valued by Forbes in 2024 at .6 billion, owing to the 81-year-old’s stake in the Parisian fashion house founded by his ancestor Thierry Hermès. A Swiss court has ruled that the one-time largest shareholder in luxury Hermès stock cannot blame his wealth manager for losing his fortune.

Nicolas Puech, a descendant of the founder of Hermès, planned to leave billions to his former gardener. Now he says his fortune is gone, alleging fraud by his former wealth manager.

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In a damning rebuttal to the case, Bloomberg reported the court found the "‘gigantic fraud’ to which [Puech] was victim was undetectable to common mortals." Stephane Grodecki, who represented.

Nicolas Puech, a descendant of the founder of Hermès, planned to leave billions to his former gardener. Now he says his fortune is gone, alleging fraud by his former wealth manager. A Swiss court. Nicolas Puech, 81, the largest individual shareholder in the family-controlled luxury fashion business Hermès International SCA, sparked controversy last year when he announced that he was. Court ruling says allegation of "gigantic fraud" could not be proven as the octogenarian placed "blind trust" in his former advisor.

An heir to the Hermès fortune has lost a lawsuit against a former financial advisor he claimed had stolen at least billion from him. Nicolas Puech, 81, had promised to leave half his.

An octogenarian heir to the Hermès luxury fortune, who sparked controversy last year over a plan to leave his money to his gardener, may not have much to give away after all. Now, a Swiss court has thrown out Puech’s claims that his wealth advisor allegedly mismanaged his Hermès shares, valued at approximately billion, leaving him with nothing, Bloomberg. Nicolas Puech was valued by Forbes in 2024 at .6 billion, owing to the 81-year-old’s stake in the Parisian fashion house founded by his ancestor Thierry Hermès. A Swiss court has ruled that the one-time largest shareholder in luxury Hermès stock cannot blame his wealth manager for losing his fortune.

Nicolas Puech, a descendant of the founder of Hermès, planned to leave billions to his former gardener. Now he says his fortune is gone, alleging fraud by his former wealth manager. In a damning rebuttal to the case, Bloomberg reported the court found the "‘gigantic fraud’ to which [Puech] was victim was undetectable to common mortals." Stephane Grodecki, who represented. Nicolas Puech, a descendant of the founder of Hermès, planned to leave billions to his former gardener. Now he says his fortune is gone, alleging fraud by his former wealth manager. A Swiss court.

Nicolas Puech, 81, the largest individual shareholder in the family-controlled luxury fashion business Hermès International SCA, sparked controversy last year when he announced that he was.

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The annualized return (since 1970) for a 50/50 portfolio is 9.1%. This compares to 9.7% for 70/30 historical portfolio returns and 8.5% for .

hermes fraud|Hermes fortune

hermes fraud|Hermes fortune.

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