French billionaire Francois-Henri Pinault pledged 100 million euros ($113 million) on Monday 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 familys investment firm Artemis.

The Notre-Dame Cathedral went up in flames on Monday in a roaring blaze that devastated the Parisian landmark, a searing loss for the city and for France.

Flames that began in the early evening burst rapidly through the roof of the centuries-old cathedral and engulfed the spire, which collapsed, quickly followed by the entire roof.

The countrys President Emmanuel Macron said on Monday: “What happened tonight in Paris and at Notre-Dame Cathedral is a terrible tragedy.”

“The worst was avoided even if the battle has not been completely won yet and the next few hours will be difficult.”

The 41-year-old president described the 850-year-old monument at the heart of Paris as “the epicenter of our life”Read More – Source

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