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The Case of the Missing $15 Billion Fortune: Part 1

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Manage episode 521224873 series 3208963
Content provided by The Wall Street Journal and Spotify Studios. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Wall Street Journal and Spotify Studios or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Hermès is one of Europe’s most storied luxury brands, known for its Birkin bags and expensive silk scarves. One of the company’s biggest shareholders had been fifth-generation Hermès heir Nicolas Puech. But a few years ago, Puech made a shocking admission: he was out of money. And Puech’s Hermès shares, worth some $15 billion, were missing. In this first episode, WSJ’s Nick Kostov digs into one of the most baffling and epic financial sagas of this century. Jessica Mendoza hosts.

Further Listening:

The World's Richest Person Is Planning for Succession

Are Diamonds Even a Luxury Anymore?

How a Miami Couple Used Empty Mansions to Pocket Millions

Sign up for WSJ’s free What’s News newsletter.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1641 episodes

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iconShare
 
Manage episode 521224873 series 3208963
Content provided by The Wall Street Journal and Spotify Studios. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Wall Street Journal and Spotify Studios or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Hermès is one of Europe’s most storied luxury brands, known for its Birkin bags and expensive silk scarves. One of the company’s biggest shareholders had been fifth-generation Hermès heir Nicolas Puech. But a few years ago, Puech made a shocking admission: he was out of money. And Puech’s Hermès shares, worth some $15 billion, were missing. In this first episode, WSJ’s Nick Kostov digs into one of the most baffling and epic financial sagas of this century. Jessica Mendoza hosts.

Further Listening:

The World's Richest Person Is Planning for Succession

Are Diamonds Even a Luxury Anymore?

How a Miami Couple Used Empty Mansions to Pocket Millions

Sign up for WSJ’s free What’s News newsletter.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1641 episodes

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