Podcast : The Journal. (LS 69 · TOP 0.05% what is this? ) Episode : The Case of the Missing $15 Billion Fortune: Part 1 Pub date : 2025-11-25 Get Podcast Transcript → powered by Listen411 - fast audio-to-text and summarization 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 The podcast and artwork embedded on this page are from The Wall Street Journal & Spotify Studios, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.
