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What is Nicolas Puech’s Net Worth?
Nicolas Puech, a prominent figure in the luxury fashion industry, has an estimated net worth of $13.8 billion. Puech’s primary source of wealth is his stake in Hermès, where he owns about 5.7% of the company. Hermès, valued at around $200 billion, is one of the largest publicly traded luxury goods companies in France.
Puech’s connection to Hermès is deeply rooted in his family history, as he is a fifth-generation descendant of Thierry Hermès, the founder of the company.
Here’s the breakdown of Nicolas Puech’s net worth:
Name: | Nicolas Puech |
Net Worth: | $13.8 Billion |
Date of Birth: | 1943 |
Profession: | Businessperson |
If you’re curious about how we estimate a celebrity’s net worth, you can check out our methodology here.
Early Life
Nicolas Puech was born in 1943 in Neuilly-sur-Seine, France, into the illustrious Hermès family. He is the son of Francis Puech and Yvonne Hermès, making him a fifth-generation descendant of Thierry Hermès, the founder of the luxury fashion house Hermès.
Puech grew up in a family deeply entrenched in the luxury goods industry, with his brother Bertrand Puech and cousin Jean-Louis Dumas also playing significant roles in the company.
Career
Nicolas Puech began his career at Hermès in 1975, working in various departments before ascending to the role of CEO in 1990. During his tenure, he was instrumental in expanding the company’s global presence and significantly increasing its sales.
Puech’s leadership saw Hermès transform from a family-run business into a global luxury brand. He stepped down as CEO in 2014 but remained on the company’s supervisory board until 2023.
Despite his departure from the board, Puech retained a 5.7% stake in Hermès, ensuring his continued influence and financial interest in the company.
Gardener Inheritance
In a surprising and unconventional move, Nicolas Puech announced plans to leave a significant portion of his fortune to his former gardener. This decision involves adopting the gardener, who is of Moroccan origin and has worked for Puech for many years.
The gardener, married to a Spanish woman with two children, stands to inherit substantial properties in Marrakesh, Morocco, and Montreux, Switzerland, valued at $5.9 million, as well as a significant portion of Puech’s estimated $13 billion fortune.
This decision has sparked considerable media attention and legal challenges, particularly from the Isocrates Foundation, which Puech founded and initially intended to be the primary beneficiary of his estate. The foundation has opposed the cancellation of the inheritance contract, leading to a potential legal battle over Puech’s estate.
Personal Life
Nicolas Puech is known for his reclusive nature and has remained unmarried and childless throughout his life. He resides in Martigny, Switzerland, and has had limited contact with his family in recent years.
Puech is also a licensed pilot and a supporter of environmental causes, having donated millions of euros to various environmental organizations.
His personal interests include flying his own plane and supporting public interest journalism through the Isocrates Foundation, which he established to combat misinformation and promote a healthy digital public space.
Ashley Roberts is the founder of Real-Time Billionaires List. She founded this platform because she likes to know how much celebrities are actually making. She is always curious why these people can make much more money than the ordinary person.
With a Bachelor’s degree in finance, she is skilled at financial analysis and understands numbers related to wealth. Most of the articles on this site are edited by herself before publishing.
