⬅ # 138 Tony Zhang|# 140 George Kaiser

# 139 Nicolas Puech 

$14.8B

Real Time Net Worth
as of 5/18/2024
$75.9M (0.51%)

# 139 Nicolas Puech 

$14.8B

Real Time Net Worth
as of 5/18/2024
$75.9M (0.51%)
OccupationPartial Owner, Hermès
Source of WealthHermes
Age81
ResidenceMartigny, Switzerland
Age-Adjusted Net Worth$3.58B
Nicolas Puech
Nicolas Puech
France
Net worth: $14.8B

Self-Made Score 

Wealth History

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Biography

Biographical Information

Nicolas Puech, born in 1943 in Neuilly-sur-Seine, is a French billionaire heir and businessman.
He is a fifth-generation descendant of Thierry Hermès, the founder of the renowned Parisian luxury fashion brand Hermès.
Puech is the son of Francis Puech and Yvonne Hermès, with Bertrand Puech as his brother and Jean-Louis Dumas as his cousin.
In 2014, Nicolas Puech resigned from Hermès' supervisory board but still retains ownership of approximately 5% of the company.
He resides in Martigny, Switzerland.

Business

In August 2014, Puech resigned from Hermès' supervisory board, maintaining ownership of about 5% of the company.
In September 2014, an agreement between Hermès and LVMH was reached, distributing LVMH's 23% stake in Hermès to its shareholders.
This settlement concluded a four-year dispute initiated when LVMH accumulated the stock without Hermès' knowledge, fueling speculation about a potential takeover by LVMH CEO Bernard Arnault.

Personal Life and Philanthropy

Nicolas Puech lives in Martigny, Switzerland.
In 2023, Swiss media reported Puech's intention to cancel his inheritance contract with the Isocrates Foundation.
Puech planned to leave half of his fortune to his former gardener, whom he intended to adopt.
The Isocrates Foundation, a charitable organization founded by Puech, formally opposed the annulment, where he served as board president.

How long would it take you to become as rich as Nicolas Puech?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Nicolas Puech's net worth of $14.8B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.76% compared to 11.89% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Nicolas Puech is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Nicolas Puech, Hermes is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey