Zurich, Switzerland: Billionaires have seen their combined wealth shoot up 121 percent over the past decade to $14 trillion, Swiss bank UBS said Thursday, with tech billionaires’ coffers filling the fastest. Switzerland’s biggest bank, which is among the world’s largest wealth managers, said the number of dollar billionaires increased from 1,757 to 2,682 over the...
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Hermès heir’s $13B fortune has seemingly vanished after he vowed to award huge chunk to his gardener
The multibillion-dollar fortune belonging to the reclusive Hermès heir has seemingly vanished months after he promised to donate a large chunk of his colossal inheritance to his gardener. Nicolas Puech, 81, the largest individual shareholder of the French fashion house, was told by a Swiss court on July 12 that his wealth manager, Eric Freymond, cannot be...