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Simon

The French billionaires were quick to pledge donations to rebuild Notre Dame but are slow to give any actual money

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Simon

Very little of the money that French billionaires promised to donate to the reconstruction of Notre Dame has actually been donated.

cbsn-fusion-fire-burns-through-paris-not
WWW.CBSNEWS.COM

Even though their fortunes get bigger by the month, their pledges of more than $500 million are mostly still just promises

For example, French billionaire Bernard Arnault pledged $224 million to rebuild Notre Dame. He's donated just $11 million so far. But his fortune grew by $32.4 billion in 2019. And he's not alone.

Let's recalculate Arnault's pledge and compare his generosity in proportion to average people. A median French family might have a household wealth of $60000. Let's say it went up to $3000 this year. It would be as if this family pledged $20 to Notre Dame. And paid $1.

These billionaires are not generous.  

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