A reclusive Hermès heir no longer has the billions of dollars he once shockingly promised to donate to his gardener, among other various causes, Bloomberg reported.
A Swiss court ruled earlier this month that Nicolas Puech, an 81-year-old and the largest individual shareholder of Hermès stock, can’t blame his wealth manager for the loss of his sprawling $13 billion fortune in family-controlled Hermès International SCA.
The missing moolah is part of the fallout from Louis Vuitton owner Bernard Arnault’s failed attempt to take over Hermès with Puech’s help over a decade ago. The collapsed control grab made Puech an outcast in his own family, and the whereabouts of his stock are still unknown.
