Updated Apr 16, 2019

French billionaires pledge more than $300 million for Notre Dame rebuild

François-Henri Pinault and his wife, actress Salma Hayek, attend a UEFA Europa League soccer game between Arsenal and his club, Rennes, in London. Photo: Jean Catuffe/Getty Images

A group of French billionaires have rallied to pledge hundreds of millions of dollars toward rebuilding the fire-ravaged Paris landmark Notre Dame cathedral.

By the numbers: The moguls, who head some of the world's top luxury brands, promised €300 million (roughly $339 million). French President Emmanuel Macron vowed Monday the site will be rebuilt, and the country is set to launch an international fundraising campaign.


  • LVMH Group and the family of CEO Bernard Arnault said Tuesday in a press release they would give €200 million ($226 million). LVMH owns Louis Vuitton, Christian Dior and Givenchy. The company's creative and financial teams are also set to help solicit donations.
  • François-Henri Pinault pledged Monday night €100 million (US$113 million). Pinault owns Rennes soccer club owner and is CEO of French luxury group Kering, which owns Gucci and Yves Saint Laurent, AFP reported.
  • French Bank Agricole: €5 million ($5.6 million)
  • Consulting group Capgemini SE: €1 million ($1.13 million)

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Acting Navy secretary resigns over handling of virus-infected ship

Thomas Modly. Photo: Chip Somodevilla/Getty Images

Acting Navy Secretary Thomas Modly resigned Tuesday after apologizing for comments he made about Capt. Brett Crozier, who was removed when a letter he wrote pleading with the Navy to address the coronavirus outbreak aboard the USS Theodore Roosevelt was leaked to the press. The resignation was first reported by Politico.

Why it matters: The controversy over Crozier's removal was exacerbated after audio leaked of Modly's address to the crew, in which he said Crozier was either "too naive or too stupid to be a commanding officer of a ship like this." After initially backing Modly's decision, President Trump said at a briefing Monday that he would "get involved."

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Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 4 p.m. ET: 1,407,123— Total deaths: 81,103 — Total recoveries: 297,934Map.
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