real estate
Nicolas Puesch, the 80-year-old billionaire and scion of the iconic fashion dynasty Hermès, is said to be plotting an extraordinary succession story that will see him adopt a 51-year-old gardener.
The Swiss publication reported that Pueche, who is unmarried and has no children, plans to legally name a “former gardener and handyman” from a “modest Moroccan family” as his legitimate heir. . Tribune de Genève.
This unconventional move to transfer his vast wealth and real estate to the gardener sparked intense speculation.
A fifth-generation descendant of Thierry Hermès, who founded the luxury fashion brand in 1837, Mr. Puche holds a significant share of the company, which is currently worth $220 billion, and is based in Switzerland with an estimated value of $10.3 billion to $11.4 billion. ranked among the richest. a billion.
Mr Puesch has reportedly begun legal proceedings, supported by a strong legal team, to formalize the adoption of the gardener, which forms a key part of the revised estate arrangement.
The gardener is reportedly married to a woman of Spanish origin, has two children, and has acquired substantial real estate in Marrakech, Morocco and Montreux, Switzerland, worth $5.9 million. He plans to inherit a significant portion of his assets.
Hermès did not respond to a request for comment.
A deep dive into the history of Mr. Pusch and Hermès provides a glimpse into the motivations behind this unusual choice as his successor.
The acquisition of a large stake in Hermès by rival luxury conglomerate LVMH in 2014 sparked a bitter rift and sparked a bitter feud within the family.
Mr. Pusch’s resignation from the board amid the turmoil signaled an irreparable rift with his family.
“He resigned because he felt haunted for several years by his family’s attacks on him on many fronts, not just in relation to LVMH,” a Puesch spokesperson said at the time. .
Pusch’s unconventional plan faces the formidable challenge of overcoming the complex legal hurdles for adult adoption, an extremely rare event in Switzerland.
According to the report, such adoption requirements require a previous relationship while the adoptee was a minor, a condition potentially difficult to meet.
Furthermore, conflicting promises loom large.
Puesch previously donated his fortune to the Isocrates Foundation, which he founded to fight disinformation.
Any attempt to reverse the pledge could spark a fierce legal battle similar to past family feuds.
In a statement, the foundation said: luckopposes the unilateral cancellation of the inheritance contract and suggests the possibility of a showdown.
The adoption maneuver could reportedly serve as a legal tactic to pre-empt the foundation’s interference with Pusch’s will.
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