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France's 3 richest families lead $700 million fundraising effort for Notre Dame

From cnn.com

{video} 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). The Pinault family, which operates luxury conglomerate Kering (PPRUF), has pledged €100 ... (full story)

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