Hermès heir plans to adopt 51-year-old gardener to pass on $11 billion fortune

The heir to luxury retail empire Hermès is reportedly planning to adopt his 51-year-old gardener so he can pass on his $11 billion fortune

In a plot reminiscent of the movie Annie with a highly unusual twist, 80-year-old Nicolas Puech is in the process of making his “former gardener and handyman” from a “modest Moroccan family” his legal child, Swiss publication Tribune de Genève reported last week.

The Frenchman, who is unmarried and childless, is a fifth-generation heir of Thierry Hermès, who founded the luxury fashion house in 1837 by opening a workshop in Paris.

The brand has since grown to a valuation of $220 billion and is now the third-largest publicly listed company in France.

Puech—who reportedly owns around 5% or 6% of the company—is worth between 9 billion and 10 billion Swiss francs (between $10.3 billion and $11.4 billion), according to Swiss outlet Bilan magazine, putting him among the richest people in Switzerland.

The billionaire is already in the process of passing on that wealth to his former gardener and has hired a legal team to take him through the process, Tribune de Genève reported. He is also reportedly in the process of rearranging the benefactors of his estate.

The gardener, whose identity is unknown, is reported to be married to a Spanish woman with whom he has two children. Tribune de Genève reports that he could inherit half of Puech’s wealth.

Italian outlet Sky TG24 reported that Puech had already handed the 51-year-old the keys to a property in Marrakesh, Morocco, and a villa in Montreux, Switzerland, worth a combined total of €5.5 million ($5.9 million). 

A representative for Hermès didn’t reply to Fortune’s request for comment.

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