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 href="https://www.wsj.com/business/eric-freymond-nicolas-puech-hermes-lvmh-8577023f?mod=WSJ_TJPOD">a shocking admission</a>: he was out of money. And <a href="https://www.wsj.com/finance/hermes-nicolas-puech-eric-freymond-fraud-investigation-cc8f017f?mod=author_content_page_1_pos_3?mod=WSJ_TJPOD">Puech’s Hermès shares</a>, worth some $15 billion, were missing. In this first episode, WSJ’s <a href="https://www.wsj.com/news/author/nick-kostov?mod=WSJ_TJPOD">Nick Kostov</a> digs into one of the most baffling and epic financial sagas of this century. <a href="https://www.wsj.com/news/author/jessica-mendoza?mod=WSJ_TJPOD">Jessica Mendoza</a> hosts.
 
Further Listening: 
<a href="https://open.spotify.com/episode/3E1Qi3EZzLkmPP3SN2DoS6">The World's Richest Person Is Planning for Succession</a>
<a href="https://open.spotify.com/episode/3kib8uDzyilxoAvSRYN9IE">Are Diamonds Even a Luxury Anymore?</a>
<a href="https://open.spotify.com/episode/0WkLkmmIaWynBnh91SQ5dy">How a Miami Couple Used Empty Mansions to Pocket Millions</a>
Sign up for WSJ’s free <a href="https://www.wsj.com/newsletters/whats-news?mod=WSJ_TJPOD">What’s News newsletter</a>.
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The Case of the Missing $15 Billion Fortune: Part 1

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