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French Fashion Billionaire Pledges 100M Euro to Rebuild Notre Dame

paris' notre dame cathedral is ablaze as a firefighter hoses it down with water

Firefighters battle the Notre Dame Cathedral blaze Monday night. (Christophe Ena/AP)

By Cathy Burke | Monday, 15 April 2019 10:37 PM EDT

A French billionaire has reportedly pledged to donate over $100 million to help rebuild Notre Dame Cathedral was ravaged by fire Monday.

Francois-Henri Pinault, who owns the French luxury group Kering, made the pledge to the AFP news agency. Kering owns French luxury fashion brands including Gucci and Saint Laurent. Pinault is also president of the French holding company Groupe Artémis, which owns the fine arts auction house Christie's.

"My father [François Pinault] and I have decided to release as of now from the funds of Artemis a sum of 100 million euros to participate in the effort that will be necessary for the complete reconstruction of Notre Dame," Pinault said in a statement translated by BuzzFeed News.

The massive fire at the historic cathedral destroyed much of the structure, including its spire and stained-glass windows.

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