Name
Nicolas Puech
Primary Residence
Martigny, Switzerland
Citizenship
France
Source Of Wealth
Hermes
Net Worth
$3,900,000,000
Forbes Profile
Forbes 2019 Billionaires List Rank:
667
Forbes List Rank One: Title
#667 Billionaires 2019
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Summary
Nicolas Puech is a fifth-generation descendant of Thierry Hermès, who founded one of Paris's most famous luxury fashion brands.He resigned from the company's supervisory board in August 2014 and owns close to 5% of Hermès; other family members together hold a majority stake.In September 2014, Hermès and luxury giant LVMH reached an agreement to distribute LVMH's 23% stake in Hermes to its shareholders.The agreement settled a four-year dispute launched when LVMH accumulated the stock without its rival's knowledge. It prompted speculation that LVMH CEO Bernard Arnault was planning a takeover.
Did you know?
Hermès started as a saddle manufacturer. The company now generates more than $6 billion in revenue through products including $20,000 Birkin bags, named after the British actress-singer, Jane Birkin.
Age
76
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