Donations to help rebuild the fire-ravaged Notre Dame cathedral have reached more than $500 million — with rival billionaire owners of France’s two biggest luxury fashion empires pledging the bulk of the cash.
Bernard Arnault of LVMH — which owns Louis Vuitton, Christian Dior and Givenchy — promised to chip in $226 million on Tuesday.
That donation, the largest so far, comes on the heels of François-Henri Pinault’s pledge the day before of more than $110 million. Pinault is the chairman and CEO of Kering, the French-based group that owns Gucci, Balenciaga, Yves Saint Laurent and other luxury brands.
Donations have also rolled in from Total, an oil and gas company in France, which promised $113 million, and tech and consulting firm Capgemini, which will give $1.1 million, CNN reported. The city of Paris said it would provide $56.6 million