200 Million Euros Donated By French Billionaire To Rebuild Notre Dame

200 Million Euros Donated By French Billionaire To Rebuild Notre Dame

Bernard Arnault, the richest man in France, promised to donate 200 million euros towards the Notre Dame's rebuilding.

A huge part of the historic cathedral was destroyed by a fire that started on April 15.

The firefighters were able to save most of the fire's main structure. The flames destroyed the roof and the spire.

There is no clear evidence of how the fire started. The officials seem to think the fire is most likely the result of the renovation work that was going on.

The firefighters had to work through the night to accomplish stopping the fire.

The famous building has been in existence for 850 years. It is very popular with tourists from all around the world, with about 30,000 visitors each day.

Notre Dame is also under Unesco World Heritage site protection.

Even as the building went up in flames, thousands of people were on the streets. Some were crying as others sang a hymn and prayed.

Arnault Offers 200 Million Euros

After the fire, many expressed interest in helping restore the building to its former glory.

According to Forbes, the richest man in France and the fourth richest man globally, with a net worth of $91.7 billion as of 2019, came forward and promised to donate 200 million euros towards the cathedral's rebuilding process.

Arnault is the CEO of the LVMH group. It is the largest luxury goods company globally, with brands like Louis Vuitton and Sephora under its wing.

On Twitter, the wealthy donor claims that he and his family and the LVMH business empire are committed to reconstructing the cathedral. He called it a national icon and a symbol of its heritage and unity.

Pinault Offers 100 Million Euros

The billionaire donated after another French billionaire, Francois-Henri Pinault. Pinault is the CEO of Kering, a company that owns brands like Gucci. He promised to donate 100 million euros to help with the reconstruction work.

LVMH also said it provided the French authorities with its creative, architectural, and financial specialists to assist with the process.

The French president, Emmanuel Macron, accentuated his commitment to the reconstruction work, saying the cathedral was an important part of French history.

Without a doubt, these kinds of donations will go a long way. They will ensure that this historic building retains its position as a global historical icon.