Giorgio Armani And 17 Other Italian Billionaires Donate More Than $28 Million To Fight Coronavirus In Italy
Billionaires around the world are contributing to efforts to counter the COVID-19 pandemic and the damage it is dealing to the global economy, but Italy’s wealthiest have been focusing on the battle at home. Confirmed cases rose to 41,035 on Thursday as the country’s death toll surpassed China’s to reach 3,405, and the benchmark FTSE MIB stock index has plunged by nearly 26% since Prime Minister Giuseppe Conte announced a nationwide lockdown on March 9.
Some of Italy’s top export industries, including luxury fashion and manufacturing, are taking a sharp hit as residents stay indoors for a second week — but industry leaders aren’t backing down from the fight. Fashion legend Giorgio Armani donated about $1.4 million to hospitals in Milan and Rome, as well as to the Italian civil protection agency, which is coordinating the country’s response to the outbreak. Pharmaceutical giant Menarini, owned by billionaire Massimiliana Landini Aleotti and her family, converted part of its factory in Florence to produce disinfectant gel for hospitals. Altogether, Italy’s billionaires have given more than $28 million in donations to hospitals, healthcare facilities and government agencies since the crisis began in February.
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www.forbes.com
Billionaires around the world are contributing to efforts to counter the COVID-19 pandemic and the damage it is dealing to the global economy, but Italy’s wealthiest have been focusing on the battle at home. Confirmed cases rose to 41,035 on Thursday as the country’s death toll surpassed China’s to reach 3,405, and the benchmark FTSE MIB stock index has plunged by nearly 26% since Prime Minister Giuseppe Conte announced a nationwide lockdown on March 9.
Some of Italy’s top export industries, including luxury fashion and manufacturing, are taking a sharp hit as residents stay indoors for a second week — but industry leaders aren’t backing down from the fight. Fashion legend Giorgio Armani donated about $1.4 million to hospitals in Milan and Rome, as well as to the Italian civil protection agency, which is coordinating the country’s response to the outbreak. Pharmaceutical giant Menarini, owned by billionaire Massimiliana Landini Aleotti and her family, converted part of its factory in Florence to produce disinfectant gel for hospitals. Altogether, Italy’s billionaires have given more than $28 million in donations to hospitals, healthcare facilities and government agencies since the crisis began in February.
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Giorgio Armani And 22 Other Italian Billionaires Donate More Than $63 Million To Fight Coronavirus In Italy
From converting production lines to make disinfectant gel, to donating intensive care units to struggling hospitals, Italian billionaires are finding ways to pitch in to the national effort against the coronavirus in Italy.
www.forbes.com
