How a long-standing rivalry between two French billionaires helped raise more than $300 million to rebuild Notre-Dame in under 24 hours

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How a long-standing rivalry between two French billionaires helped raise more than $300 million to rebuild Notre-Dame in under 24 hours
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Luxury-goods company leaders Bernard Arnault and François Pinault both pledged considerable sums to help rebuild the Notre-Dame Cathedral after the fire.

Most recently, the rivalry could be seen playing out in the aftermath of the Notre-Dame fire, when Pinault's announcement of a pledged donation to the cathedral's repairs was far exceeded, hours later, by Arnault's.that the family would donate €100 million, or $113 million, from their holding group at 9:46 p.m. CEST.

Nine hours later, LVMH announced that Arnault and his family, too, would be donating. And their pledged donation — at €200 million, or $226 million — roundly doubled Pinault's. , they are amongst a variety of businesspeople and companies who have collectively pledged $730 million to the rebuilding of the Notre-Dame.

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