Luxury heir, who promised Rs 10,000 crore to gardener, says money has ‘vanished’
Paris: French billionaire Nicolas Puech, who is a descendent of the fashion giant Thierry Hermes, has made headlines by claiming that half of his wealth, which he had promised to leave to his former gardener last year, has suddenly disappeared.
The 81-year-old had also made headlines in 2023 after he revealed his plan to adopt his former gardener and handyman, intending to give him a significant portion of his wealth, but Puech has now stated in court that up to 6 million of his shares, valued at approximately $13 billion (Rs 10,000 crore), have vanished. Also, reports have stated that the fifth-generation heir to the fashion company has blamed his financial manager, who worked with him for over two decades, for the loss of shares.
A Swiss court, however, has rejected his suit on grounds of the allegations lacking clarity and also being insufficiently backed up, explaining that Puech had no evidence for his claim of a ‘gigantic fraud’ by his former wealth manager.
Puech, who is single and has no children, is one of the heirs to the French luxury design house. Several reports suggest that feuds with family members might have influenced Puech’s unconventional choice of heir – his 51-year-old former gardener from Morocco, who is married to a Spanish woman and has two children.
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Two children die due to fire at shed in Bengaluru
Bengaluru (PTI): Two children died as a fire broke out at a makeshift shed at Kothanur in the north eastern part of Bengaluru, police said.
According to police, the incident happened on Monday as the siblings were playing at the shed.
The deceased are a girl and a boy of three and five years of age respectively. Their parents -- daily wage workers from Raichur district -- had gone out to work and the children were left behind with their grandmother as usual, police said.
The grandmother had reportedly stepped out to use the toilet when the fire broke, they said, adding that efforts by neighbours and others to save the children were in vain.
The children suffered from asphyxiation due to heavy smoke and burn injuries, police said.
While the boy died on the spot, the girl succumbed on the way to hospital, they said.
Police said the cause of the fire is yet to be ascertained. The burning of clothes inside the shed had resulted in dense smoke. Investigation will be conducted, they added.
