Nicolas Puech, a descendant of Hermès founder Thierry Hermès, who made headlines last year for reportedly planning to leave half his fortune to his former gardener is now claiming that his money has vanished.
Swiss investigative news outlet Gotham City said citing court filings that Puech alleged that he no longer owns 6 million shares of Hermès worth about $13 billion and he accused his former wealth manager Eric Freymond for playing a part in the loss.
However, a Swiss court dismissed Puech’s allegations earlier this month, stating that the alleged fraud was “undetectable to common mortals,” according to Bloomberg.
According to Swiss news outlet the Tribune de Genève, the stock was deposited in a Geneva bank in 2012, but it is now unclear where the shares are.
The court’s July 24 decision supported the Geneva Public Prosecutor’s Office, which had previously declined to investigate based on Puech’s allegations.
Puech, 81 and childless, previously owned 5.7% of Hermès, making him the largest individual shareholder, the Tribune de Genève reported last year.
Hermès is a prestigious French luxury goods manufacturer founded in 1837 by Thierry Hermès. Known for its high-quality craftsmanship, Hermès produces a range of products including leather goods, lifestyle accessories, home furnishings, perfumery, jewellery, watches, and ready-to-wear fashion. The brand is renowned for its iconic Birkin and Kelly bags.
Before Puech decided to adopt his former employee and leave his multibillion-dollar fortune to him, he had originally planned to bequeath his inheritance to the Isocrates Foundation, a nonprofit he founded to support public-interest journalism, according to Bloomberg.
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