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Notre Dame fire fund hits 300 million euros and rising as second billionaire Bernard Arnault offers to pay 200m
At the moment (tuesday, afternoon) the grand total is already over 700 million euros
Its a shame the Catholic Church isnt putting anything up, but its understandable considering how strapped for cash they are..
How much will it actually cost to rebuild? Cant see how it could possibly coat 700 million.
All the local clochards watch in awe as an inanimate object gets close to one billion in support within days.
For those who dont know, Bernard Arnault is the chairman and CEO of LVMH – LVMH Moët Hennessy Louis Vuitton SE AND Christine Dior. His company owns and controls Brands such as Dior, Moet Hennessy, Givenchy, TAG Hauer and Louis Vuitton. As of now his net worth is $91.3 Billion, largely comes from his ownership of both companies (Dior and LVMH) as well as his extensive art collections.
The other billionaire, Francois-Henri Pinault, is the owner of Groupe Artmis, which also owns Kering. Kering controls Brands like Alexander McQueen, Gucci, Yves Saint Laurent, Balenciaga; and Groupe Artemis owns the Auction House Christies. His estimated net worth is $30.7 Billion and he also married Mexican-American Actress Salma Hayek in 2009.
Its interesting (but not surprised) to see that the richest person In France and in Europe comes from the fashion and luxury goods industry.
As an aspiring rapper this is what my wet dreams are made of.
EDIT: Im a finance analyst earning more than I should, but sometimes I wanna to do hoodrat stuff with my friends.
The owners of the biggest clothing brands are rich?? Who wouldve guessed!!
There it is. An associate of the Pinaults has asked for a 90 percent tax deduction on gifts to the Notre Dame repair. Which could mean the public footing much of the bill, while philanthropists get credit.
God, imagine what he could do if he were interested in actually helping people
Luxury is the only industry in the world that is never affected by crisis.
Should I be proud of myself because I dont know any of these brands?
Parisian here. They have both stolen hundreds of millions of euros from the French people over the years through fiscal optimisation aka tax evasion. So while I appreciate them promising money for this cause, they are still horrible people.
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