French billionaires pledge 300 million euros ($339M) to rebuild Notre Dame Cathedral

One of France’s richest families promptly stepped up to calls from the country’s president to help rebuild the Cathedral of Notre Dame and pledged about $113 million to restore the gutted Paris icon. Shortly after, another wealthy family offered $226 million to the restoration fund.

“My father and I have decided to release immediately from the funds of Artemis a sum of 100 million euros to participate in the effort that will be necessary for the complete reconstruction of Notre Dame,” François-Henri Pinault said in a statement quoted by Le Figaro and other French news outlets.

“Mon père (François Pinault) et moi même avons décidé de débloquer dès à présent sur les fonds d’Artemis une somme de 100 millions d’euros pour participer à l’effort qui sera nécessaire à la reconstruction complète de Notre Dame“, écrit François-Henri Pinault

— William Plummer (@PlummerWilliam) April 15, 2019
The younger Mr. Pinault is the chairman and CEO of the Kering group, which controls such luxury-goods brands as Gucci and Saint Laurent. He also is president of Groupe Artemis, the French holding company that owns Christie’s auction house.