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Isocrates Foundation

All articles tagged with #isocrates foundation

wealthinheritance2 years ago

Hermès Billionaire to Leave Billions to Gardener, Cut Ties with Charity

Nicolas Puech, an 80-year-old descendant of the Hermes founder and worth $13 billion, plans to leave more than $6 billion to his male servant, former gardener, and handyman. This decision has caused controversy as Puech had previously made a contract with the Isocrates Foundation to leave his fortune to the organization. However, Puech intends to adopt his gardener, making him his only son and eligible for the massive inheritance.

via TMZ|
#gardener#hermes#inheritance
wealth-and-philanthropy2 years ago

"Billionaire's Unconventional Inheritance Plan: Gardener Set to Inherit Hermes Fortune"

Nicolas Puech, a descendant of the founder of luxury goods company Hermes, is reportedly seeking to adopt his middle-aged gardener and leave him at least half of his €12 billion fortune, instead of bequeathing it to the Isocrates Foundation. The foundation, which supports public interest journalism and civil society organizations, is contesting the cancellation of the inheritance contract. Puech owns 5.7% of Hermes and his stake is valued at around €12 billion. The Hermes family is ranked as the world's third wealthiest.

via Yahoo Finance|
#billionaire#gardener#hermes
wealth-and-philanthropy2 years ago

"Billionaire's Unconventional Inheritance Plan: Gardener Set to Inherit Hermes Fortune"

Nicolas Puech, a descendant of the founder of luxury goods company Hermes, is reportedly seeking to adopt his middle-aged gardener and leave him at least half of his €12 billion fortune, instead of bequeathing it to the Isocrates Foundation. The foundation, which supports public interest journalism and civil society organizations, is contesting the cancellation of the inheritance contract, stating that it is void and unfounded. Puech owns 5.7% of Hermes and his stake is worth around €12 billion. The Hermes family is ranked as the world's third wealthiest.

via CNN|
#billionaire#gardener#hermes
wealthphilanthropy2 years ago

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.

via Fortune|
#adoption#fortune#hermes