How a Handyman’s Wife Helped an Hermès Heir Discover He’d Lost $15 Billion

The Wall Street Journal•Saturday, October 18, 2025 at 1:00:00 AM

Nicolas Puech, an heir to the Hermès fortune, recently uncovered a shocking betrayal by his wealth manager, who allegedly isolated him from loved ones and misappropriated a staggering $15 billion. This revelation not only highlights the vulnerabilities faced by wealthy individuals in trusting financial advisors but also raises important questions about accountability and oversight in wealth management. Puech's story serves as a cautionary tale for others in similar positions, emphasizing the need for vigilance and transparency in financial dealings.

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The Wall Street Journal13 hours ago

How a Handyman’s Wife Helped an Hermès Heir Discover He’d Lost $15 Billion

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Nicolas Puech, an heir to the Hermès fortune, recently uncovered a shocking betrayal by his wealth manager, who allegedly isolated him from loved ones and misappropriated a staggering $15 billion. This revelation not only highlights the vulnerabilities that can exist in wealth management but also underscores the importance of maintaining personal connections and oversight in financial dealings. Puech's story serves as a cautionary tale for others in similar positions, reminding them to stay vigilant and involved in their financial affairs.

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