French billionaires pledge $339 million to help rebuild Notre Dame
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 LVMH Group, Kering and L'Oreal on Tuesday pledged a combined €500 million ($565 million) after a massive fire ripped through the Paris cathedral. LVMH (LVMHF) and its CEO Bernard Arnault have promised €200 million ($226 million). The donation has been matched by the Bettencourt Meyers family, which controls L'Oreal (LRLCF).
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