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Luxury heir claims his CHF11 billion Hermès fortune has vanished

SWI
Summary
Nutrition label

70% Informative

Nicolas Puech , 81 , claims his CHF11 billion Hermès fortune has vanished.

Swiss court this month threw out the 81-year-old 's allegations that his former wealth manager had a role in his fortune’s disappearance.

The Swiss decision leaves the question of the whereabouts of the shares’ whereabouts unanswered.

The reclusive fifth -generation heir sparked controversy last year over plan to leave his money to his gardener.

Puech cancelled Freymond ’s mandates in October 2022 , set out to take stock of his wealth and organise his succession.

A year later he filed three cases against Freymond , the first alleging the wealth manager withheld information.

The others related to management of his foundation, loans and other investments.

VR Score

76

Informative language

78

Neutral language

60

Article tone

semi-formal

Language

English

Language complexity

51

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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