Wealthphilanthropy News

Hermès Billionaire's Controversial Plan: Adopting Gardener and Sharing Fortune

Hermès billionaire heir, Nicolas Puech, is reportedly cutting ties with his charity, the Isocrates Foundation, amid plans to adopt his middle-aged gardener and pass on part of his fortune to him. The foundation has opposed this move, stating that it is void and unfounded. Puech's stake in Hermès is estimated to be worth about €12 billion, and the dispute has brought attention to the secretive heir who was previously involved in a corporate battle against LVMH. The Isocrates Foundation has shifted its focus to supporting public interest and investigative journalism, responsible digitalization, and a healthy digital public space.