French billionaire Pinault pledges €100m to help rebuild Notre-Dame: Statement

French billionaire Pinault pledges €100m to help rebuild Notre-Dame: Statement

French billionaire Pinault pledges €100m to help rebuild Notre-Dame
French billionaire Pinault said the money towards "the effort necessary to completely rebuild Notre-Dame" would be paid by the Pinault family's investment firm Artemis. (Photos: Reuters)

PARIS: French billionaire Francois-Henri Pinault pledged €100 million (US$113 million) on Monday (Apr 15) towards the rebuilding of Notre-Dame Cathedral in Paris, which was partly gutted by a devastating fire.

In a statement sent to AFP the CEO of the Kering group, which owns Gucci and Yves Saint Laurent fashion houses, said the money towards "the effort necessary to completely rebuild Notre-Dame" would be paid by the Pinault family's investment firm Artemis.

The tragedy prompted fundraising appeals in the United States, as people horrified by the blaze began making commitments to restore a global landmark even before the flames were extinguished.

The New York-based French Heritage Society and the Go Fund Me crowdsourcing platform were among the first to offer help for a cathedral that is a must-see destination for visitors to Paris from all over the world.

French President Emmanuel Macron said an international campaign would be launched to raise funds for the rebuilding of Notre-Dame Cathedral.

READ: 'We will rebuild Notre-Dame together', says France's Macron

READ: 'Paris is disfigured': Tears and shock as Notre-Dame burns

The French Heritage Society, an American non-profit group dedicated to preserving French architectural and cultural treasures, launched a web page on Monday to raise money for the cathedral's restoration.

"Notre-Dame is obviously an architectural marvel and most certainly a monument that should be restored," Jennifer Herlein, the executive director of the society, said by phone.

Herlein could not immediately say how much her organization had raised for Notre-Dame on Monday. Eventually, the funds raised will go directly to the cathedral, she said.

The organization, which was founded in 1982, gave two grants last year totaling more than US$430,000 for restoration projects at France's national library, she said.

50 CAMPAIGNS

At the website GoFundMe, more than 50 campaigns related to the cathedral fire had been launched globally on Monday, John Coventry, a spokesman for Go Fund Me, said by email.

"In the coming hours we'll be working with the authorities to find the best way of making sure funds get to the place where they will do the most good," Coventry said.

READ: 400 firefighters battle 'difficult' Notre-Dame fire

READ: Notre-Dame, loved through the ages yet neglected: Historian

Some of the Go Fund Me campaigns had not listed any money raised by late Monday, and several joke campaigns were created through Go Fund Me to help Quasimodo, the fictional character in Victor Hugo's 19th century novel The Hunchback Of Notre-Dame.

"I think the challenge will be whether or not people who give the money agree with those who are doing the rebuilding about how the cathedral should be rebuilt," said Lisa Bitel, a professor of religion and history at the University of Southern California.

"This is a national monument in France and they will not spare money to rebuild," Bitel said. "I don't think the Americans will get much of a say in how to do it."

Notre-Dame Cathedral has looked to international donors for past renovation efforts.

In 2017, Michel Picaud, president of Friends of Notre-Dame De Paris, told the New York Times his group planned to organize gala dinners, concerts and other events to raise funds in France and the United States for restoration work at the cathedral.

Source: Agencies/ic

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