Why is the Eiffel Tower worth so much?

The Italian valuation from Monza and Brianza of $510 billion: If we considered the overall economic benefit that the monument brings to the French economy, including ticket sales, tours, and the incremental revenue that hotels and restaurants can charge for views of the tower, this number could make sense.



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It is made of lattice-shaped wrought iron with 20,000 lights. The Eiffel Tower was built for $1.5M in 1889. If we inflation adjust this original cost using CPI, we get $44M. According to a 2012 study by the Chamber of Commerce of Monza and Brianza in northern Italy, it is worth $510 billion.

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Why is the Eiffel Tower famous ? Since it was built and opened to the public in 1889, the Eiffel Tower instantly gained an international fame, as it was then the tallest building in the world. Its peculiar iron silhouette instantly traveled across the world in the newspapers.

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He died on March 11, 1947, after contracting pneumonia. His death certificate labelled him, ironically, as an apprentice salesman. Victor Lustig was a master of deception and a true con artist, who managed to sell the Eiffel Tower twice and swindle countless others out of their money.

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In fact, the Tower has been repainted for over 130 years, about once every 7 years. So if it is repainted, the Eiffel Tower can last... forever.

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His name probably doesn't speak to you, and yet Victor Lustig was one of the greatest crooks of his time. His biggest scam? Having successfully sold the Eiffel Tower to a scrap dealer. At what price ?

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The Eiffel Tower's lighting and sparkling lights are protected by copyright, so professional use of images of the Eiffel Tower at night requires prior authorization and may be subject to a fee.

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Eiffel won an open competition to design the Eiffel Tower, which was to be the crowning glory during the Paris World Fair of 1889.
  • It Took 22 Months to Complete.
  • The Eiffel Tower Is Made of Iron.
  • The Eiffel Tower Has Three Floors.
  • The Eiffel Tower Has to be Repainted Every 7 Years.


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The Eiffel Tower includes the Esplanade and three levels – the first floor, second floor, and the summit. There are a couple of restaurants, a few eateries, a champagne bar, museum exhibits, a children's play area, souvenir shops, Gustave Eiffel's office, and an observation deck offering panoramic views of Paris.

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The third and final floor, accessible only by lift, welcomes visitors at an altitude of 276 metres. Again, telescopes are available to appreciate the stunning views of Paris. On this floor, don't miss the reconstitution of the office of Gustave Eiffel.

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The Eiffel Tower was a gift from the U.S. During the American Revolution, France provided support to the United States. The Statue of Liberty was gifted to commemorate this alliance. However, the Eiffel Tower wasn't a reciprocal gift, even though the two monuments were created in a similar time period.

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The Eiffel Tower is made of puddle iron, a material that could last almost forever if it is repainted regularly. However, several factors pose a threat, including rust, pollution inherent to its location in a big city, bird droppings and the weather.

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The Eiffel Tower is cleaned every year with four tons of wipes, 25,000 garbage bags, 10,000 doses of detergent, and 105 gallons of metal cleaning solution!

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The mural is a scene taken from the Italian novel Hypnerotomachia Poliphili, written by Francesco Colonna in 1499. The two figures in the middle of painting represent the book's protagonists, Poliphili and Polia.

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City of Paris ownership Today, the City of Paris owns the Tower and has entrusted its management to a development company (SETE: Société d'Exploitation de la Tour Eiffel) of which it owns 99% of the capital. Bertrand Lemoine is an architect, engineer and historian.

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The Eiffel Tower was supposed to be torn down after 20 years. The tower was built with the intent of showing off France's industrial prowess during the World's Fair, but the plan was to tear it down after 20 years. However, Eiffel cleverly put a radio antenna and wireless telegraph transmitter in the tower.

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In 1944, Hitler ordered the military governor of Paris to destroy the tower, he refused. In addition, during the German occupation, the tower was closed to the public and Nazis attempted to attach a large swastika to the top, but it blew away.

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