France's three wealthiest families are coming to the rescue of a national icon, spearheading a fundraising drive to rebuild Notre Dame that has topped $700 million.
The billionaires behind luxury giants
and its CEO Bernard Arnault have promised €200 million . The donation has been matched by the Bettencourt Meyers family, which controls L'Oreal .The Pinault family, which operates luxury conglomerate Kering , has pledged €100 million .The three fashion dynasties have invoked patriotism and shared cultural identity in explaining their generosity following the devastating fire.
said it would make its creative and financial teams available to help with rebuilding and soliciting donations.Arnault, its CEO, is the third richest person in the world, according to the Bloomberg Billionaires Index. His net worth comes in at $90.4 billion, more than that of Warren Buffett or Mark Zuckerberg.In addition to its fashion lines,
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