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A Paris judge has ordered psychiatrists to assess Hermès heir Nicolas Puech, 83, who says his roughly 6% stake, now worth about $9 billion, disappeared under his Swiss wealth manager. A finding of vulnerability could ease the path to criminal liability. Here is what happened and the lessons for wealthy families and their advisers.
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Blackstone has opened its first dedicated private wealth office outside Zurich in Dubai, where DIFC family offices control more than $1 trillion, just as new data shows alternatives now make up 60% of single-family office portfolios. Here is what is driving the shift and the liquidity risks that come with it.
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A board probe sent Nvidia shares down 4.3% on Monday and cut Jensen Huang’s net worth by about $6.5 billion, dropping him to 12th on the Bloomberg Billionaires Index. With roughly 98% of his fortune in one stock, his week is a textbook case of concentration and key-person risk for founders and business owners.
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