French Billionaire Vows to Donate $113 Million to Restore Historic Notre-Dame Cathedral

By Daksha Devnani, Epoch Times
April 16, 2019 Updated: April 21, 2019

In an effort to rebuild Paris’s soaring Notre-Dame Cathedral, one of the world’s most iconic tourist attractions that was engulfed by a massive fire on the evening of April 15, a French billionaire, François-Henri Pinault, and his family vowed to donate 100 million euros (approx. US$113 million).

Pinault is the chairman and CEO of Kering, an international luxury group that has owned renowned brands like Gucci, Saint Laurent, Bottega Veneta, and Balenciaga since 2005.

French luxury group Kering CEO Francois-Henri Pinault. (©Getty Images | MIGUEL MEDINA)

He is also the president of Groupe Artémis, which has owned the fine arts auction house Christie’s since 2003.

“This tragedy strikes all the French, and well beyond that, all those dedicated to spiritual values,” Pinault said in a statement to French news agency AFP, as reported by CNN. “Faced with such a tragedy, everyone wishes to revive this jewel of our heritage as quickly as possible.”

French President Emmanuel Macron told reporters on Monday night, “I’m telling you all tonight—we will rebuild this cathedral together. This is probably part of the French destiny. And we will do it in the next years. Starting tomorrow, a national donation scheme will be started that will extend beyond our borders,” CBS News reported.

Smoke and flames rise during a fire at the landmark Notre-Dame Cathedral in central Paris. (©Getty Images | FRANCOIS GUILLOT)

Amidst extensive ongoing renovations to repair the wooden structure due to water damage, the historic structure’s spire collapsed due to the blaze, which then spread to one of its monumental rectangular towers. Luckily, around 400 firefighters worked for five hours and brought it under control, managing to save the cathedral from further damage.

Paris fire brigade chief Jean-Claude Gallet told reporters, “We can consider that the main structure of Notre-Dame has been saved and preserved,” according to The Local.

The 12th-century structure is visited by millions of people every year, and is popular for being featured in Victor Hugo’s 1831 novel “The Hunchback of Notre Dame.” According to BBC, the fire broke out at around 6:30 p.m. local time and soon spread to the roof, before the spire fell and lit up the sky in orange color. Hundreds of people gathered around the island and watched in shock as flames went up the iconic monument.

©Getty Images | FABIEN BARRAU

Associated Press reported that French historian Camille Pascal told BFM broadcast channel that the blaze marked “the destruction of invaluable heritage.”

“It’s been 800 years that the Cathedral watches over Paris,” Pascal said. “Happy and unfortunate events for centuries have been marked by the bells of Notre Dame.”

He added: “We can be only horrified by what we see.”


President Donald Trump also took to Twitter to express grief over this tragedy, tweeting, “So horrible to watch the massive fire at Notre Dame Cathedral in Paris.”

He further added, “Perhaps flying water tankers could be used to put it out. Must act quickly!”

The tragedy that struck a week prior to Easter saw crowds of people praying and singing hymns past 11 p.m. on Monday night around the 850-year-old cathedral, CNN reported.