Ronald Perelman
$1.6B
Born
Jan 01, 1943
Age
82
Source of Wealth
Leveraged buyouts
Residence
New York, New York
Citizenship
United States
Marital Status
Married
Children
8
Education
Bachelor of Arts/Science, University of Pennsylvania; Master of Business Administration, University of Pennsylvania, The Wharton School
- Ronald Perelman is a dealmaker who built a fortune with a diverse array of holdings, from candy to cosmetics.
- Perelman sold assets worth billions of dollars to pay off debt in late 2020 after the Covid-19 pandemic ravaged his businesses.
- He was a longtime shareholder of cosmetics giant Revlon but lost his holdings during its 2023 bankruptcy proceedings. His daughter Debra was the firm's CEO from 2018 to 2023.
- Perelman learned about business from his father. He attended board meetings with him while in elementary school.
- He is a prolific art collector who has sold off much of his collection in recent years.
- Perelman's foundation pledged $65 million to Princeton in 2018 but did not follow through, prompting the school to remove his name in 2021 from a new dorm.
- Perelman has eight children from five wives.
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