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MoneyRebuilding Notre Dame will be costly. These billionaires have already donated $700 million

07:15  17 april  2019
07:15  17 april  2019 Source:   time.com

Photos of Notre Dame: A Cathedral That Defined a City

Photos of Notre Dame: A Cathedral That Defined a City When the architects of Cathedral of Notre-Dame set to work some 850 years ago, their goals were nothing if not ambitious. The church’s sanctuary, they decreed, must be taller than any built before. The nave would rise 108 feet, and the two 223-feet-tall towers would cast a far-reaching shadow over the roofs of Paris. The 12th century had just entered its second half, and to achieve new heights, the builders made early use of external supports known as flying buttresses. The cathedral today is one of the most iconic images of Paris, second only, perhaps, to the Eiffel Tower.

These Billionaires Have Already Donated Nearly Billion. Pinault pledged that his family would donate 100 million euros (about 3 million ) to restore Notre Dame after watching flames rise out Apple will be donating to the rebuilding efforts to help restore Notre Dame ’s precious heritage for

These Billionaires Have Already Donated $ 700 Million . Less than a day after a tragic fire destroyed much of Notre Dame Cathedral in Paris, donations have flooded in to fund the rebuilding of the iconic 850-year-old landmark — including nearly $ 700 million just from a handful of France’s

Less than a day after a tragic fire destroyed much of Notre Dame Cathedral in Paris, donations have flooded in to fund the rebuilding of the iconic 850-year-old landmark — including nearly $700 million (C$934 million) just from a handful of France’s richest citizens and corporations.

Francois-Henri Pinault, the fashion mogul CEO of Kering, which owns brands such as Gucci and Yves Saint Laurent, was one of the first to step up. Pinault pledged that his family would donate 100 million euros (about C$150 million) to restore Notre Dame after watching flames rise out from the historic cathedral in the heart of Paris.

Salma Hayek’s Husband Francois-Henri Pinault To Donate $113 Million To Rebuild Notre Dame

Salma Hayek’s Husband Francois-Henri Pinault To Donate $113 Million To Rebuild Notre Dame Francois-Henri Pinault is committing nine figures to rebuild the Notre Dame Cathedral. 

These Billionaires Have Already Donated Nearly Billion. Pinault pledged that his family would donate 100 million euros (about 3 million ) to restore Notre Dame after watching flames rise out The amount collected to rebuild Notre Dame Cathedral will surely increase — and all indications are

Rebuilding Notre Dame Will Be Costly . These Billionaires Have Already Donated $ 700 Million . Money. 0:46. Salma Hayek's husband François-Henri Pinault donates millions to help rebuild Notre Dame . Nearly 900 Million Euros Donated So Far To Rebuild Notre - Dame Cathedral. Wochit.

“Last night, I was like many French people watching the tragedy of Notre Dame burning in front of me and I was so in shocked and I was among kids, adults, all people crying looking at that, and I said I had to do something,” Pinault said on Tuesday, according to Euronews.

Pinault’s 82-year-old father, Francois Pinault, is the founder of Kering, and the family has a net worth estimated at $37 billion, according to Bloomberg Billionaires Index. The younger Pinault is 56 years old and married to the actress Salma Hayek.

Soon after the Pinault family’s pledge, another 200 million euros (C$301 million) was promised to help rebuild Notre Dame Cathedral by Bernard Arnault, the CEO of LVMH Moët Hennessy Louis Vuitton — and the richest man in Europe. Arnault’s current net worth is around $90 billion (C$120 billion), which makes him the third richest person in the world, after only Amazon founder Jeff Bezos and Microsoft co-founder Bill Gates.

Notre-Dame fire in Paris: what we know so far

Notre-Dame fire in Paris: what we know so far A fire that spread from the attic of Notre-Dame cathedral on Monday has caused its spire to crash to the ground, and devastated Paris's historical monument. It spread from the attic, and quickly across a large part of the roof. The flames devoured the roof's wooden frame, which is more than 100 metres in length and nicknamed "the forest". An investigation was opened for accidental destruction by fire, Paris prosecutors said. Investigators were focussed on whether the fire spread from the site of ongoing reconstruction work on the roof of the cathedral, a source close to the investigation said.

Donations to restore the historic building have already neared 0 million ( 700 million euros). Before Notre Dame had even stopped burning, French President Emmanuel Macron promised to rebuild the famed cathedral after a massive fire destroyed its iconic spire and most of its roof Monday

“Faced with this tragedy, everyone wishes to give life back to this jewel of our heritage as soon as Apple will be donating to the rebuilding efforts to help restore Notre Dame ’s precious heritage for The University of Notre Dame in South Bend, Indiana, a Roman Catholic institution, vowed to give the

Rebuilding Notre Dame will be costly. These billionaires have already donated $700 million © FRANCOIS GUILLOT—AFP/Getty Images Flames rise during a fire at the landmark Notre-Dame Cathedral in central Paris on April 15, 2019.

“The LVMH Group puts at the disposal of the state and the relevant authorities all of its teams — including creative, architectural and financial specialists — to help with the long work of reconstruction and fund-raising, which is already in progress,” a statement from Arnault’s company said. “The Arnault family and the LVMH group would like to show their solidarity at this time of national tragedy, and are joining up to help rebuild this extraordinary cathedral, which is a symbol of France, of its heritage and of French unity.”

The French cosmetics company L’Oreal and its billionaire owners, the Bettencourt family, have also pledged to donate 200 million euros (C$301 million) for the Notre Dame restoration. Another major French corporation, the oil company Total, has committed to donating 100 million euros (C150 million) to the rebuilding effort as well.

Billionaires Francois Henri Pinault and Bernard Arnault donate millions to Notre Dame restoration

Billionaires Francois Henri Pinault and Bernard Arnault donate millions to Notre Dame restoration Billionaires Francois Henri Pinault and Bernard Arnault donate millions to Notre Dame restoration

“Faced with this tragedy, everyone wishes to give life back to this jewel of our heritage as soon as Apple will be donating to the rebuilding efforts to help restore Notre Dame ’s precious heritage for The University of Notre Dame in South Bend, Indiana, a Roman Catholic institution, vowed to give the

You dismissed this ad. The feedback you provide will help us show you more relevant content in the What do you think about French billionaires ' decision to donate € 700 million for the Notre Dame Is the reason Notre Dame Cathedral raised so much money to rebuild it because billionaires want to

All together, just these donations from billionaire families and French corporations come to a total of 600 million euros, or over C$905 million.

The amount collected to rebuild Notre Dame Cathedral will surely increase — and all indications are that the funds will be sorely needed. French President Emmanual Macron has pledged to rebuild Notre Dame — “This is probably part of the French destiny,” he said on Monday — but the restoration is likely to take decades to complete.

Mystery man in viral photo taken hour before Notre Dame Cathedral fire identified.
The photo was shared Monday with thousands of retweets searching for the mystery man.

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