On March 2013, Nicolas Puech was announced to have a net worth of $2.1 billion. For those who do not know who Nicolas Puech is, he is the heir to the Hermes dynasty which is considered to be one of the leading manufacturers of lifestyle products in Europe. Hermes was founded in Paris in 1837 by Thierry Hermes, Puech was appointed to the Supervisory Board of Hermes in May 2012. Puech is a principal family shareholder with a 6% of the capital.
– Leather Products- Perfumes- Clothing- Luxury Products
After his takeover as the COO, Puech has created quite an effect in the luxury goods world. Being an eight generation businessman, Puech was fine bred to enter and dominate the world of business. One of the major decisions that Puech took, was to combine with other business giants and gain up to 20% of their rival companies. This move did not only save his rival business, but it also gave him a bigger competitive margin. It is smart moves like this, that has made Nicolas Puech the 70th richest man in the world.