The lesson from the ruins of Notre Dame:
don’t rely on billionaires
https://www.theguardian.com/commenti...h-philanthropy
Barely has the fire been put out before some of the richest people in France rush to help rebuild it. From François-Henri Pinault, the ultimate owner of Gucci, comes €100m (£90m). Not to be outdone, the Arnault family at Louis Vuitton put up €200m. More of the wealthy join the bidding, as if a Damien Hirst is going under the hammer. Within just three days, France’s billionaire class has coughed up nearly €600m. Or so their press releases state.
Weeks go by, then months, and Notre Dame sees nothing from the billionaires. The promises of mid-April seem to have been forgotten by mid-June. “The big donors haven’t paid. Not a cent,” a senior official at the cathedral tells journalists. Far humbler sums are sent in, from far poorer individuals. “Beautiful gestures,” says one charity executive, but hardly les grands prix.
That prompts a newswire story, after which two of the wealthy donors, the Arnault and Pinault families, stump up €10m each. Followed by silence. Questions I put this week to the various donors and charities went largely unanswered. (Perhaps their offices are busy or emptied out by the summer holidays.)