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A descendant of Europe’s richest family has reportedly begun a process to adopt his middle-aged gardener, planning to leave him at least half of his roughly €12 billion ($13 billion) fortune, according to Hanna Ziady's report for CNN.
Nicolas Puech, 80, a fifth-generation descendant of the founder of French luxury goods company Hermes, wants to make his employee a legal heir.
Nicolas Puech, 80, a fifth-generation descendant of the founder of French luxury goods company Hermes, wants to cancel a contract that would bequeath his fortune to the Isocrates Foundation, which he founded, and instead make his employee a legal heir.
Swiss newspapers Tribune de Geneve and 24 heures reported the news earlier this month. Fortune also did a feature article on the matter. Puech owns 5.8% of Hermes.
The charitable foundation is contesting Puech’s plan to cut ties, which it says it learned of only recently.
“From a legal point of view, a unilateral cancellation of the contract of inheritance seems void and unfounded,” the organization said in a statement shared with CNN. “The foundation has therefore opposed the cancellation of the contract while leaving the door open for discussions with its founder.”
Established by Puech in 2011 and funded by him since, the Isocrates Foundation supports public interest journalism and civil society organizations working toward a “healthy digital public space,” according to its website.
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