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The owner of an $11 billion fashion fortune plans to adopt the 51-year-old gardener and make him the official heir to part of the Hermès dynasty's wealth, multiple media outlets have reported, with Nicolas Puesch also on the list. Reportedly added. Wealthy people make surprising decisions about where to leave their wealth.
Pedestrians pass by the store of French high fashion luxury goods manufacturer Hermès in Shanghai.
important facts
According to Swiss publication Tribune de Genève, Puesch, who has no spouse or children, plans to leave about half of his vast wealth and real estate portfolio to the gardener and his family. In the family.
Pueche, who is worth an estimated $11.5 billion, intends to part with half of his wealth to the gardener, and has reportedly already given him a property in Morocco and a villa in Switzerland (worth a total of about $6 million).
Puche is the fifth generation heir to Thierry Hermès, who founded the luxury fashion brand in 1837, and while the move is unusual for a wealthy family, unique inheritance arrangements are not unheard of among the ultra-wealthy. .
In 2007, a man of noble Portuguese descent named Luis Carlos de Noronha Cabral de Camara lost his bank account, a 12-room apartment in Lisbon, a house in Portugal, a luxury car, and two motorcycles. It was reportedly entrusted to a group of 70 people whose names were drawn at random. A telephone directory from more than 10 years before his death.
In the 1920s, a Canadian lawyer left a significant portion of his sound estate in a trust, which was liquidated ten years after his death, and who had the most children between 1926 and 1936. The award will be given to a woman in Toronto who was able to do so. In the end, four mothers benefited. The scheme was called the “Stork Derby,” and each received $110,000 (equivalent to about $2.4 million today).
When a Wisconsin man named Archibald MacArthur, now known as the “Dogeville Hermit,” died in the early 1900s, he left his family just $5 each, and the rest of his fortune (currently about $3 million) was given to a former friend. Left to the man. park bench.
One of Michigan's richest men passed on his fortune to his family, but not until a century after his death. Twelve people inherited the money in 2010 after the death of Wellington Burt's last surviving grandchild, who included a clause in his will that would prevent them from inheriting his $110 million fortune until 2021.
Earlier this year, a New Hampshire billionaire decided to leave his entire fortune ($3.8 million) in the town where he had lived for decades.
Main background
As of Thursday, Puesch was ranked the 162nd richest person in the world with an estimated net worth of $11.5 billion. He owns about 5% of Hermès, the world's second most valuable luxury brand. His plan to give the gardener a fortune dates back more than a decade to a hostile takeover of Hermès by fashion giant LVMH, in which the conglomerate quietly acquired a 23% stake in the company between 2001 and 2013. Born in the midst of tension within the family. His family has set up a holding company to block a takeover by LVMH (owned by the world's second-richest man, Bernard Arnault), which now owns more than half of Hermès, but Mr. continued to hold the stock. Ultimately, Arnault and LVMH agreed to sell their shares. In 2014, Puesch resigned from the company's supervisory board, a spokesperson said, because “he felt that he had been harassed for several years by attacks from his family on various fronts.” reported.
tangent
For some ultra-wealthy people, being a human being is not a requirement for inheritance. When Leona “Queen of Mean” Helmsley died in 2007, the billionaire widow of former New York real estate and hotel mogul Harry Helmsley left her pet Maltese named Trouble in a trust fund worth $12 million. left in. A judge ultimately ruled that this method was more than necessary to care for the dog, and his estate was reduced to $2 million. Trouble died in 2011, and his remaining money was donated to “charitable purposes,” according to the New York Times. Karl Lagerfeld, creative director of Chanel, told Numero that before his death, he left his Burmese cat Choupette an unspecified fortune of approximately $300 million. Choupette is said to have brought in millions of dollars of personal money from her modeling work over the years. When the widow of “Star Trek” creator Gene Roddenberry died in 2008, she reportedly left her pets around $3.3 million, making her the world's richest feline in the Guinness Book of World Records. This includes a cat named Blackie. Ben Rea, an antiques dealer, died in 1988. Leah left nothing to his family.
amazing facts
A small number of celebrities have stated that they do not intend to pass on their wealth to their children for various reasons. George Lucas, the billionaire who created the Star Wars universe, said proceeds from the $4.5 billion sale of the series to Disney will go to educational causes, not his four children. . Lucas is also a signatory of his Giving Pledge, a philanthropic campaign that encourages the world's wealthiest people to give the majority of their money to charity. Committed billionaires include founder Bill Gates, Warren Buffett, Elon Musk, Larry Ellison, Mackenzie Scott and Mark Zuckerberg. Other celebrities who said they would bequeath money elsewhere include Mila Kunis and Ashton Kutcher, Daniel Craig, Gordon Ramsay and Laurene Powell Jobs, widow of late Apple founder Steve Jobs. .
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