Hermes Billionaire Adopts 51-Year-Old Gardener In Order To Gift Him Half Of His $13 Billion Fortune

Hermes Billionaire Adopts 51-Year-Old Gardener In Order To Gift Him Half Of His $13 Billion Fortune


An 80-year-old billionaire has reportedly started the process of adopting his mid-thirties gardener in an effort to leave him a large inheritance. 


Nicholas Peuch, the fifth-generation scion of Europe’s wealthiest family, Hermes, founders, is believed to have around half of his fortune when he passes away.


He had previously signed a contract to leave his fortune to his foundation, Isocrates Foundation, but is now hoping to make the gardener his legal heir.


The Isocrates Foundation, a non-profit that fosters public discourse, is disputing Peuch's plan to change his will, claiming that it was only recently made aware of it.


The organization told CNN that “a unilateral annulment of a contract of inheritance does not appear to be valid from a legal standpoint.”

The story was first reported by Swiss daily newspaper Tribune de Genuve and news agency 24 Heures.


The foundation has stated its objection to contract termination, but has kept the door open for negotiations with its founder.



According to Swiss media reports that Peuch wants to "adopt" his employee, the charity said it is "unable to evaluate or comment on this initiative" and would leave it to the "relevant authorities" to make that decision.


Puech apparently owns 5.7% of the premium label, which is famed for its bags, particularly the Birkin, which can fetch thousands of dollars.In the wake of the pandemic, the value of Hermes was estimated at €211 billion, making Puech's stake worth approximately €12 billion.


However, according to Bloomberg, the Hermes family is currently the world’s third wealthiest, meaning that Peuch’s gardener could potentially become a billionaire if the process is successful.


The Isocrates Foundation was established in 2011 by Peuch to promote the "protection of public debate," "public interest journalism" and the "promotion of a healthy digital space".Peuch has been a supporter of the charity from its beginnings.


As Peuch has no known children, he signed an inheritance agreement with the foundation which reportedly stipulated that upon his death, his shares of Hermes would be passed on to the foundation. 


The only exception was that if he became a father, his kid would receive a piece of the inheritance, and if he had a son, he would have to make up at least half of the bequest.


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