ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Hermès Scion Stirs Speculation by Choosing Gardener as Primary Heir

The adoption process, however, faces uncertainty due to legal requirements...
UPDATED FEB 8, 2024
Cover Image Source: Hermes store in the Canalejas Galleries in Madrid, Spain. | Photo by Cristina Arias/Cover | Getty Images
Cover Image Source: Hermes store in the Canalejas Galleries in Madrid, Spain. | Photo by Cristina Arias/Cover | Getty Images

Nicolas Puech, an 80-year-old scion from the esteemed Hermès dynasty, is causing a stir with his unexpected plan to officially adopt his middle-aged gardener as his heir. As the fifth-generation descendant of Thierry Hermès, the visionary founder of the iconic luxury fashion house established in 1837, Puech's decision to adopt his 51-year-old former gardener came as a surprise to many.

Image Source: Instagram | puech_nicolas6
Image Source: Instagram | @puech_nicolas6

Unmarried and without children, Puech has announced his intention to legally adopt his "former gardener and handyman," a member of a modest Moroccan family, as his rightful heir. This unconventional decision, involving the transfer of substantial wealth and real estate holdings to his gardener, has become a topic of widespread speculation, capturing the attention of the public and the media alike. Supported by a legal team, Puech has initiated legal proceedings to formalize the adoption of his 51-year-old gardener, who hails from Marrakesh.

While specific personal details about the to-be heir are limited, it is known that he is married to a woman from Spain and has two children. The adoption process, however, faces uncertainty due to legal requirements mandating proof of a childhood bond between Puech and the intended adoptee. The outcome remains unclear, raising questions about whether the court will approve the adoption.



 

Puech, the founder of the Isocrates Foundation, is, however, entangled in a legal battle to cancel a contract that would designate the foundation as the recipient of his fortune upon his passing. Established by him in 2011, the foundation is contesting his decision to sever ties, asserting that the cancellation of the inheritance contract lacks legal basis.

The charity defers to relevant authorities to decide on this matter, maintaining a neutral stance on Puech's unconventional succession plan. The Isocrates Foundation, with its mission to support public interest journalism and civil society organizations contributing to a "healthy digital public space," faces potential disruption to its intended role as a beneficiary. The inheritance contract between Puech and the foundation stipulates that his shares in Hermès, amounting to 5.7%, are to be left to the foundation.

However, a unique clause allows for an exception if Puech were to become a father, in which case his child would be entitled to a share of the inheritance, particularly at least 50% in the case of a son. Hermès' current valuation stands at nearly €211 billion ($230.8 billion), rendering Puech's stake approximately worth €12 billion ($12.9 billion). The Hermès family ranks as the third wealthiest globally, which further elevates the significance of the ongoing legal dispute and the intricate dynamics within this affluent family.


 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

A post shared by Hermès (@hermes)


 

Implementing an extraordinary plan requires careful navigation of legal obstacles associated with adult adoption – a task complicated by the rarity of such occurrences in Switzerland. In a society where familial ties often dictate the course of legacies, Puech's decision challenges established norms, leaving us to wonder whether this unconventional tale will inspire a shift in the way we perceive inheritance and legacy in this world.

MORE ON MARKET REALIST
The guest who worked closely with the author said the collection was sentimental to her.
1 day ago
As per a recent study, nearly half of the millionaires think they need better financial planning.
1 day ago
Partnering with Wing, Walmart has expanded its service to yet another metro, this time in Georgia.
1 day ago
Economists, John Campbell and Tarun Ramadorai told CBS that Americans are unprepared for retirement.
2 days ago
Supporters of the Trump administration are not happy with the retailer's latest move.
2 days ago
The advocacy group, Amazon Employees for Climate Justice, addressed the letter to CEO Andy Jassy.
2 days ago
The player, Noah Kraski solved the final puzzle with just two clues on the board.
3 days ago
In a suit filed in the Court of International Trade, the retailer argued the tariffs were unlawful.
3 days ago
The company will pay about 15,000 workers a weekly compensation and millions in civil penalties.
3 days ago
Chorsie Calber IV, who lost a car on Thursday, won $120,000 in his second Bonus Round of the week.
4 days ago
The Black Friday sales were up by 10.1% from 2024, despite economic uncertainty and cost concerns.
4 days ago
The two Choceur brand products from Silvestri Sweets were sold in over a dozen states.
4 days ago
While Toni Perrotta didn't land on the big prize, she got to drive home a Toyota sports car
Nov 27, 2025
The Turkey Dinner Kit has got rave reviews from customers on social media already.
Nov 27, 2025
The contestant, Liz St. Claire got close to taking home nearly $75,000.
Nov 26, 2025
The contestant, Emily bet $10,000 on the item and ended up losing everything.
Nov 26, 2025
Members on Instagram called out the retailer for the exorbitant prices of seafood.
Nov 26, 2025
While the trend in consumers isn't that alarming, the same for businesses can trigger harm.
Nov 26, 2025