Pinault announced Tuesday that he will draw almost $113 million in funds from his family’s investment firm, Artemis, “to participate in the effort that will be necessary for the complete reconstruction of Notre-Dame,” the French newspaper Le Figaro reported.
French billionaire François-Henri Pinault, who is married to Salma Hayek, pledged $113 million toward reconstruction efforts after a fire ravaged Paris’ Notre Dame cathedral, causing substantial damge and the collapse of the structure’s main spire. (Reuters)
Pinault, 56, who is the chairman and CEO of Kering, a Paris-based luxury group behind brands including Gucci, Yves Saint Laurent, Balenciaga, Alexander McQueen, married the Mexican and American actress Salma Hayek in Paris in 2009, Yahoo News reported. The couple owns a residence nearby the destroyed 12th-century medieval Catholic cathedral.
“As many others I’m in deep shock and sadness to witness the beauty of Notre-Dame turn into smoke. I love you Paris,” Hayek said on Instagram, sharing an image of the cathedral ablaze.
Pinault’s father, the 82-year-old Francois Pinault, is worth $37.3 billion, according to Bloomberg’s Billionaire Index. The family’s contribution is the first major donation to reconstruction efforts after the fire engulfed the historic structure, leading to the collapse of the structure’s main spire. – READ MORE