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Wikipedia

Ronald Perelman

January 07, 2023

For the actor, see Ron Perlman.

Ronald Owen Perelman (/ˈpɛrəlmən/; born January 1, 1943)[1] is an American banker, businessman and investor.[2] MacAndrews & Forbes Incorporated,[3] his company, has invested in companies with interests in groceries, cigars, licorice, makeup, cars, photography, television, camping supplies, security, gaming, jewelry, banks, and comic book publishing. Perelman holds significant shares in companies such as Deluxe Entertainment, Revlon,[4] SIGA Technologies,[5][6] RetailMeNot,[7] Merisant, Scantron, Scientific Games Corporation,[8] Valassis, vTv Therapeutics[9] and Harland Clarke.[10] He previously owned a majority of shares in AM General, but in 2020 sold the majority of his shares in AM General along with significant works of art, in light of the impact of the economy on the high debt burdens many of his companies have from leveraged buyouts. In early 2020, Revlon, acquired by Perelman in the 1980s, undertook a debt deal.[11] Previously worth $19.8 billion in 2018, Perelman is, as of September 2020, worth $4.3 billion.[12]

Ronald Perelman
Perelman in 2009
Born
Ronald Owen Perelman

(1943-01-01) January 1, 1943 (age 80)
Greensboro, North Carolina, U.S.
Alma materWharton School of the University of Pennsylvania (BS, MBA)
EmployerMacAndrews & Forbes
TitleChairman & CEO
Spouses
Faith Golding
​
​
(m. 1965; div. 1984)​
​
​
(m. 1985; div. 1994)​
​
​
(m. 1995; div. 1996)​
​
​
(m. 2000; div. 2006)​
Anna Chapman
​
(m. 2010)​
Children8
Parent
RelativesJeffrey E. Perelman (brother)

Early life and education

Perelman was born in Greensboro, North Carolina, on January 1, 1943, the son of Ruth (née Caplan) and Raymond G. Perelman.[13][14] He was raised in a Jewish family in Elkins Park, Pennsylvania, and is the grandson of Litvak immigrants.[15][16][17] With family members he managed the American Paper Products Corporation. Raymond eventually left the company and bought Belmont Iron Works, a manufacturer of structural steel.[18]

Perelman graduated from The Haverford School in Haverford, Pennsylvania, Pennsylvania in 1962.[19]

From his father, Perelman learned the fundamentals of business.[20] By the time Ronald turned eleven years old he regularly sat in on board meetings of his father's company. A 2006 article published in the Forbes 400 discusses their rough relationship in detail.[21][13]

Perelman first attended the Villanova School of Business for one semester before transferring to the Wharton School of the University of Pennsylvania, where he majored in business. He earned his MBA from Wharton in 1966.[22]

In September 2017, Forbes magazine named Perelman as one of the "100 Greatest Living Business Minds."[23]

Business career

Belmont Industries

Perelman's first major business deal took place in 1961 during his Freshman year at the Wharton School of the University of Pennsylvania. He and his father bought the Esslinger Brewery for $800,000, then sold it three years later for a $1 million profit.[24]

Throughout Perelman's tenure at the Belmont Iron Works (later renamed Belmont Industries) he assisted his father on other deals. Their general strategy was to purchase a company, sell off superfluous divisions to reduce debt and generate profit, bring the company back to its core business, and either sell it or hang onto it for cash flow. In 1978, twelve years after Perelman formally joined Belmont Industries, he was the vice president but he still strove for more power and influence in the company. His father Raymond told him that he had no intention of stepping down anytime soon. Perelman resigned and moved to New York. The two barely spoke to one another for the next six years.[25]

MacAndrews & Forbes Incorporated

Main article: MacAndrews & Forbes

He orchestrated the purchase of Cohen-Hatfield Jewelers in 1978, his first deal as an independent investor free of his father's influence and took a loan from his wife, Faith Golding. Within a year, Perelman had sold all of the company's retail locations and reduced the company to its lucrative wholesale jewelry division, earning him $15 million.[26]

Perelman acquired MacAndrews & Forbes, a distributor of licorice extract and chocolate. He faced resistance from the management and investors who filed an unsuccessful lawsuit to prevent the acquisition, but Perelman prevailed. In 1983, Perelman started selling bonds to acquire the remaining 66% stake in MacAndrews & Forbes Group Inc. to take MacAndrews & Forbes Group Inc. private.[27]

Also in 1983, MacAndrews had acquired Technicolor Inc.[28] Despite the bond debt, in 1984, MacAndrews & Forbes purchased Consolidated Cigar Holdings Ltd. from Gulf & Western Industries, in addition to Video Corporation of America.[29][30] The Technicolor Inc. divisions were sold off and, in 1988, its core business was sold to Carlton Communications for 6.5 times the purchase price. Using the proceeds from the Technicolor division sell off, MacAndrews & Forbes purchased a 20 percent stake in Compact Video Inc., a television and film syndication company. Ronald Perelman's controlling buyout of Compact Video was in 1986.

In 1989, Perelman acquired New World Entertainment, with David Charnay's Four Star Television becoming a unit of Ronald Perelman's Compact Video, later that year. Ownership of Compact Video Inc. was increased to 40% in 1989 after the buyout of Four Star International.[31][32][29] After Compact shut down, its remaining assets, including Four Star, were folded into MacAndrews and Forbes Incorporated. In 1989, Perelman also acquired New World Entertainment with Four Star becoming a division of New World as part of the transaction. Four Star International was purchased through a golden parachute deal that was negotiated with David Charnay by Ronald Perelman after Charnay was notified of stock purchases made by Perelman in 1989.[33] By the end of 1989, MacAndrews refinanced the Holding companies' junk bonds for standard bank loans. The bulk of New World's film and home video holdings were sold in January 1990 to Trans-Atlantic Pictures, a newly formed production company founded by a consortium of former New World executives.[34]

His company MacAndrews & Forbes became a holding company with interests in a diversified portfolio of public and private companies and was still wholly owned by Perelman, who served as its chairman and chief executive officer. In 1989, one of the company's holdings was Marvel Comics, which under Perelman's watch declared bankruptcy; he sold off Marvel in 1997.[35] MacAndrews & Forbes's current holdings include Deluxe,[36] Revlon,[37] SIGA Technologies,[38] VTV,[39] and as of late 2019, 39% of Scientific Games.[40][41] However, as of Q3 2019, the company had hired Goldman Sachs to help review strategic alternatives for Revlon.[42]

He has also done deals with Revlon Corporation,[43] thrifts for $315 million and renamed it First Gibraltar Bank,[44][45] Coleman Company, Sunbeam Products,[46] and New World Entertainment.[47][48]

Morgan Stanley

On February 17, 2005, Perelman filed a lawsuit against Morgan Stanley.[49] Two facts were at issue: did Morgan Stanley know about the problems with Sunbeam, and was Perelman misled?[tone] During the discovery phase, the judge became exasperated with what she perceived as deliberate stonewalling on the part of Morgan Stanley and ordered the jury to assume Morgan Stanley deliberately and knowingly defrauded Perelman.[50] Hobbled, Morgan Stanley had no choice but to argue that Perelman was too savvy an investor to have fallen for their transparent tricks.[51] After a five-week trial, the jury deliberated for two days, found in favor of Perelman, and awarded him $1.45 billion.[52] The damages stung particularly because Morgan Stanley passed up Perelman's offer to settle the case for $20 million.[53] Morgan Stanley maintained that the court case was improperly decided, citing the judge's decision to use Florida law over New York law and her decision to order the jury to consider Morgan Stanley guilty before the trial began.[54] In 2007, the courts of appeal reversed the judgement. The judges declared Perelman hadn't provided any evidence showing he'd suffered any actual damage as a result of Morgan Stanley's actions. Perelman appealed,[55] but found himself shot down by the Florida Supreme Court who dismissed it in a 5–0 decision.[56] Undeterred even after that setback, Perelman went back to the trial court and asked for the case to be reopened because the hiding of email evidence was "a classic example of fraud on the court". The trial court rejected his arguments, but as of January 2009, he is beseeching Florida's 4th Circuit to reopen the case.[57]

Bloomberg reported on September 18, 2020 that Perelman had sold his Gulfstream 650, as well as his 257-foot yacht.[12]

Philanthropy

Personal donations

Perelman was a funder of the election campaign of Donald Trump, giving US$125,000 to Trump Victory in September 2017.[58] In 2015, Perelman donated $500,000 each to Super PACs supporting the presidential candidacies of Lindsey Graham and Jeb Bush.[59]

In 1995, Perelman donated to Princeton University to create the Ronald O. Perelman Institute for Judaic Studies.[60][61] Other notable donations include $20 million to the University of Pennsylvania for naming rights to the quadrangle,[62] $10 million to New York University to create the Ronald O. Perelman Department of Dermatology,[63] $4.7 million to Princeton University to create the Ronald Perelman Institute for Jewish Studies,[64] and $20 million to the Guggenheim Museum.[65] From 2006 through 2008, Perelman donated $63.5 million to causes including, but not limited to: Weill Medical College of Cornell University, Stand Up to Cancer (SU2C), World Trade Center Memorial Fund and Ford's Theatre, Carnegie Hall and the World Trade Center Memorial.[66] In February 2008, Perelman made a $50 million donation to the New York Presbyterian Hospital and Weill Cornell Medical Center to create the Ronald O. Perelman Heart Institute, and to provide vital financial aid to the Ronald O. Perelman and Claudia Cohen Center for Reproductive Medicine.[67][68]

Perelman also gave a total of $16 million to 581 nonprofit organizations, including Big Brothers Big Sisters, in Philadelphia; the Michael J. Fox Foundation for Parkinson's Research, in New York; the National Association for the Advancement of Colored People, in Baltimore; the Rainforest Foundation U.S., in New York; and other arts, education, Jewish, medical research, and women's-health groups. Perelman serves as a member of the Board of Directors of the Police Athletic League of New York City, a nonprofit youth development agency serving inner-city children and teenagers. On June 3, 2011, Perelman was honored for his charitable contributions at the New York Police Foundation's 40th Anniversary Gala[69] at the Waldorf Astoria in New York City—an event that raised $2.3 million for charity.

Since 2013, Perelman donated $50 million to the NYU Langone Medical Center to create the Ronald O. Perelman Center for Emergency Services.,[70] $25 million to the University of Pennsylvania to create a new Center for its Economics and Political Science Departments,[71][72] $100 million to the Columbia Business School, the graduate business school of Columbia University. The gift will be used to support the construction of new facilities in Manhattanville, including the Ronald O. Perelman Center for Business Innovation.[73][74] and donated $75 million to revive plans to build a performing arts center at the World Trade Center site.[75][76]

In May 2015, Perelman succeeded Sanford I. Weill as Chairman of Carnegie Hall.[2] and since 2010 he has also hosted annual benefits for the Apollo Theater, raising millions of dollars annually for the legendary venue.[77]

In August 2021, Princeton University announced that it would no longer name a newly constructed student dormitory for Perelman after the family foundation failed to make payments on a pledged $65 million donation.[78]

Controversy

Greenmail

In the late 1980s, Perelman was accused of engaging in greenmail.[79] "Greenmail" occurs when someone buys a large block of a company's stock and threatens to take over the company unless he is paid a substantial premium over his purchase price. In the case of someone with a reputation as a corporate raider, the mere act of buying up shares could send a company into a panic and investors into a buying frenzy.[80] Perelman insists he seriously intended to buy every corporation he bought into.[81]

He was first accused of greenmail in late 1986 during a run at CPC International when he bought 8.2% of CPC at around $75 a share and indirectly sold it back to CPC through Salomon Brothers a month later at $88.5 a share for a $40 million profit. Both CPC and Perelman denied it was greenmail despite appearances to the contrary, including what looked like an artificial price increase by Salomon shortly before they sold Perelman's shares.[82]

Another accusation of greenmailing levied against him was the best-known and stemmed from his attempt to purchase Gillette in November 1986. Perelman opened negotiations with a bid of $4.12 billion. Gillette responded with an unsuccessful lawsuit and public insinuations of insider trading. Perelman accumulated 13.8% of Gillette before he made what he would later call the worst decision he ever made and sold his stake to Gillette later that month for a $34 million profit. Gillette had put word out that Ralston Purina had agreed to buy a 20% block of stock, making any attempt by Perelman to buy Gillette much more difficult. Perelman decided to sell his share to Ralston Purina, but before he did so Gillette's executives called him up, asking if he'd sell his shares to them and they'd sell the shares to Ralston Purina. He sold his shares to Gillette and Ralston backed out of the deal.[83]

Panavision

In April 2001, M&F Worldwide bought Perelman's 83% stake in Panavision for $128 million. This would be unremarkable except that Perelman controlled M&F Worldwide and the price paid for his stake was four times market value. At the time, M&F Worldwide was a healthy company with an excellent balance sheet while Panavision was bleeding red ink. M&F Worldwide's other shareholders cried foul, alleging the only person who stood to benefit from the deal was Perelman and took their complaints to the courts.[84] Perelman insisted the deal was an excellent one and in the best interest of the shareholders because Panavision was well-positioned to profit from the move to digital cinematography.[85] The share price tumbled from six to three after the deal and reflected M&F Worldwide shareholders' lack of confidence.[86] Perelman tried to pacify M&F Worldwide's shareholders with a $15 million settlement, but the judge rejected it as grossly inadequate. Ultimately, Perelman agreed to undo the deal.[87]

Fred Tepperman

Perelman hired Fred Tepperman as his CFO after Tepperman left Warner Communications in 1985. Starting with Pantry Pride, Tepperman worked on every single business deal Perelman orchestrated throughout Tepperman's seven-year stint at MacAndrews & Forbes. Tepperman's tenure came to an abrupt end just after Christmas in 1991 when Perelman fired him for being derelict in his duties. Tepperman had been distracted, he claimed, by caring for his Alzheimer's-afflicted wife of 30 years. A clause in Tepperman's contract entitled him to a large portion of his salary and benefits in the event of an injury that prevented him from being able to work; Tepperman claimed he had suffered such an injury, albeit psychologically, as a result of the effect his wife's condition had on him. His demands totaled $30 million. That number stems partially from Tepperman's salary, which started at $275,000 and rose to $1.2 million in 1990[88] and partially from his large benefits package.[89] Perelman was quick to file a countersuit for fraud, claiming that Tepperman had sneakily changed the company's retirement plan in such a way that Tepperman would personally gain millions of dollars.[88] It took over three years for the case to make it to court. The case ended with a sealed settlement.[88]

Personal life

Marriages

Perelman has been married five times. He married Sterling Bank heiress Faith Golding in 1965 and they divorced in 1984. His marriage to gossip columnist Claudia Cohen lasted from 1985 to 1994. He married socialite Patricia Duff in 1995 and divorced in 1996. He was married to actress Ellen Barkin from 2000 to 2006.[90] On October 13, 2010, Perelman married Dr. Anna Chapman, a Harvard University-educated psychiatrist.

Faith Golding

Perelman met his first wife, Faith Golding, in 1965 on a cruise to Israel. As the heir to a real-estate and banking fortune, she controlled personal wealth of around $100 million at the time of their marriage.[91] After they had adopted three children—Steven, Josh, and Hope—Faith gave birth to their fourth child, Debra. Their marriage lasted until 1984, when Faith discovered Perelman's ongoing affair with a local florist after a bill for a Bulgari bracelet arrived at their home, instead of Perelman's office. She further declared he had defrauded the owners of First Sterling Corporation (i.e. herself) by diverting thousands of dollars of company money into gifts for the florist. Faith made a very public spectacle of the divorce. Perelman responded by hiring Roy Cohn and flatly denying all her allegations. The pair quickly settled the divorce with an estimated payout to Faith in excess of $8 million.[92]

Claudia Cohen

 
Ronald and Samantha Perelman

Perelman met his second wife, Claudia Cohen, in 1984 at Le Cirque. They had one daughter together, Samantha, in 1990. In August 1993, Ron filed for divorce.[93] Claudia left the marriage with well over $80 million.[93] In 2007, Claudia died after a secret seven-year battle with ovarian cancer. Perelman revealed in his eulogy at her funeral that he had known about her cancer from the beginning and privately commissioned a vaccine in his efforts to cure her.[94][95] He donated $20 million to the University of Pennsylvania to remodel what is now Perelman Quadrangle and, as part of that donation, had the option of renaming Logan Hall. His decision to change it to Cohen Hall dismayed some Penn faculty, alumni, and students.[96]

Patricia Duff

Patricia Duff was Perelman's third wife. The pair first met in a Paris hotel lobby when both were still married: Perelman to Cohen, and Duff to Mike Medavoy.[97] After Duff divorced Medavoy, Duff converted to Judaism[98] and married Perelman, on January 25, 1995. She gave birth to his fourth daughter, Caleigh Sophia, before the wedding took place.[99] When the marriage between Duff and Perelman disintegrated in 1996, custody over Caleigh became a major issue. Both Perelman and Duff wanted full custody and their prenuptial agreement did not address the subject of child support. Initially private, the divorce proceedings were opened to the public at the request of Duff.[100] Neither party emerged with their reputations unscathed. The court psychiatrist found Duff to be paranoid and narcissistic and Perelman to have serious anger management issues,[101] Perelman caught a great deal of flak for testifying that it cost about $3 a day to feed his daughter,[102] and both sides alleged physical abuse by the other party.[103] The judge's sealed decision means the public will never know the exact results of the case,[100] but it's known that neither party actually won. Perelman is Caleigh's legal guardian, but Patricia has extensive visitation rights.[104]

Ellen Barkin

 
Ellen Barkin

Perelman met his fourth wife, actress Ellen Barkin, at a Vanity Fair Oscar after-party in 1999.[105] After slightly more than a year of courtship, the two married in June 2000. All accounts indicate their five-year marriage was a stormy one. Much of the friction arose due to Barkin's acting career and her attendant travel schedule. Perelman filed and obtained a divorce in early 2006. The press soundly mocked Perelman for his actions, the speed and timing of which suggested his real motivation was to avoid a clause in his prenuptial that would raise the amount in alimony he owed Barkin if he waited a few days longer. Depending on the source used, Barkin's yearly alimony ranges from $2 million to $3 million, and the total payout ranged from $20 million to $65 million.[106] In late 2007, the pair exchanged lawsuits. Part of the divorce settlement required Perelman to invest several million dollars in a film production company Barkin and her brother George (an aspiring screenwriter) had started. Perelman made only one of the payments, claiming that there was no evidence the two were actually producing films. Barkin sued for her money while Perelman counter-sued, alleging Barkin and her brother had looted the film company for themselves.[107] Four years later the lawsuits ended in a confidential settlement.[108]

Anna Chapman

Perelman began dating psychiatrist Dr. Anna Chapman, in mid-2006.[109] In August 2010, they announced they were expecting a baby – her first, his seventh – via a surrogate.[110] In October 2010, they were married.[111] Chapman is a convert to Judaism.[112] In late November 2010, the couple celebrated the birth of their son, Oscar.[112] The couple later had a second child, Ike, in May 2012.

Judaism

Judaism has had a strong influence on Perelman's life. He grew up in a Conservative household. The temple he went to growing up was a Reconstructionist temple,[113] and his father donated millions to Conservative causes.[114] He had a religious reawakening at the age of eighteen while on a family trip to Israel:[104]

I felt not just this enormous pride at being a Jew; I felt this enormous void at not being a better Jew. So I decided then to begin being a better Jew. As soon as I got married, we kept a kosher house, we became much more observant. We moved to New York shortly thereafter and joined an Orthodox synagogue and the kids grew up with much more Judaism surrounding them than I ever did.[104]

Today, he strictly observes the Jewish Sabbath, spends three hours every Saturday in prayer,[115] keeps a kosher home,[116] and donates millions to Jewish groups and causes, particularly the Chabad-Lubavitch sect.[115] He does not consider himself to be a member of Lubavitch. He supports them because he thinks they are Judaism's best chance for surviving and thriving in modern society.[104]

Homes

 
"Près Choisis" in 1905.

Perelman is the owner of "Près Choisis" (now called "The Creeks"), a 40-room Mediterranean-style villa on Georgica Pond in East Hampton, Long Island. It was built in 1899 by the artists Adele and Albert Herter. In October 2018 a fire spread from the attic and burned for several hours. Insurers paid around $141 million for fire damage, but rejected claims of damage to five paintings insured for a total of $410 million. As of 16 November 2022, Perelman's suit against the insurers is before the New York Supreme Court.[117]

Sources

  • Hack, Richard (1996). When Money Is King: How Revlon's Ron Perelman Mastered the World of Finance to Create One of America's Greatest Business Empires, and Found Glamour, Beauty, and the High Life in the Bargain. Beverly Hills, CA: Dove Books. ISBN 0-7871-1033-7 – via Internet Archive. [This unauthorized biography was reviewed by Perelman before publication.]

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    • Moynihan, Colin (November 15, 2022). "Did Five Paintings Lose Their 'Oomph'? It's a $410 Million Question". The New York Times. Retrieved November 16, 2022.
    • "Search All New York State Civil Supreme Court Cases". Index Number 654742/2020.

January 07, 2023
ronald, perelman, actor, perlman, ronald, owen, perelman, born, january, 1943, american, banker, businessman, investor, macandrews, forbes, incorporated, company, invested, companies, with, interests, groceries, cigars, licorice, makeup, cars, photography, tel. For the actor see Ron Perlman Ronald Owen Perelman ˈ p ɛr el m en born January 1 1943 1 is an American banker businessman and investor 2 MacAndrews amp Forbes Incorporated 3 his company has invested in companies with interests in groceries cigars licorice makeup cars photography television camping supplies security gaming jewelry banks and comic book publishing Perelman holds significant shares in companies such as Deluxe Entertainment Revlon 4 SIGA Technologies 5 6 RetailMeNot 7 Merisant Scantron Scientific Games Corporation 8 Valassis vTv Therapeutics 9 and Harland Clarke 10 He previously owned a majority of shares in AM General but in 2020 sold the majority of his shares in AM General along with significant works of art in light of the impact of the economy on the high debt burdens many of his companies have from leveraged buyouts In early 2020 Revlon acquired by Perelman in the 1980s undertook a debt deal 11 Previously worth 19 8 billion in 2018 Perelman is as of September 2020 worth 4 3 billion 12 Ronald PerelmanPerelman in 2009BornRonald Owen Perelman 1943 01 01 January 1 1943 age 80 Greensboro North Carolina U S Alma materWharton School of the University of Pennsylvania BS MBA EmployerMacAndrews amp ForbesTitleChairman amp CEOSpousesFaith Golding m 1965 div 1984 wbr Claudia Cohen m 1985 div 1994 wbr Patricia Duff m 1995 div 1996 wbr Ellen Barkin m 2000 div 2006 wbr Anna Chapman m 2010 wbr Children8ParentRaymond G Perelman father RelativesJeffrey E Perelman brother Contents 1 Early life and education 2 Business career 2 1 Belmont Industries 2 2 MacAndrews amp Forbes Incorporated 2 3 Morgan Stanley 3 Philanthropy 3 1 Personal donations 4 Controversy 4 1 Greenmail 4 2 Panavision 4 3 Fred Tepperman 5 Personal life 5 1 Marriages 5 1 1 Faith Golding 5 1 2 Claudia Cohen 5 1 3 Patricia Duff 5 1 4 Ellen Barkin 5 1 5 Anna Chapman 5 2 Judaism 6 Homes 7 Sources 8 ReferencesEarly life and education EditPerelman was born in Greensboro North Carolina on January 1 1943 the son of Ruth nee Caplan and Raymond G Perelman 13 14 He was raised in a Jewish family in Elkins Park Pennsylvania and is the grandson of Litvak immigrants 15 16 17 With family members he managed the American Paper Products Corporation Raymond eventually left the company and bought Belmont Iron Works a manufacturer of structural steel 18 Perelman graduated from The Haverford School in Haverford Pennsylvania Pennsylvania in 1962 19 From his father Perelman learned the fundamentals of business 20 By the time Ronald turned eleven years old he regularly sat in on board meetings of his father s company A 2006 article published in the Forbes 400 discusses their rough relationship in detail 21 13 Perelman first attended the Villanova School of Business for one semester before transferring to the Wharton School of the University of Pennsylvania where he majored in business He earned his MBA from Wharton in 1966 22 In September 2017 Forbes magazine named Perelman as one of the 100 Greatest Living Business Minds 23 Business career EditBelmont Industries Edit Perelman s first major business deal took place in 1961 during his Freshman year at the Wharton School of the University of Pennsylvania He and his father bought the Esslinger Brewery for 800 000 then sold it three years later for a 1 million profit 24 Throughout Perelman s tenure at the Belmont Iron Works later renamed Belmont Industries he assisted his father on other deals Their general strategy was to purchase a company sell off superfluous divisions to reduce debt and generate profit bring the company back to its core business and either sell it or hang onto it for cash flow In 1978 twelve years after Perelman formally joined Belmont Industries he was the vice president but he still strove for more power and influence in the company His father Raymond told him that he had no intention of stepping down anytime soon Perelman resigned and moved to New York The two barely spoke to one another for the next six years 25 MacAndrews amp Forbes Incorporated Edit Main article MacAndrews amp Forbes He orchestrated the purchase of Cohen Hatfield Jewelers in 1978 his first deal as an independent investor free of his father s influence and took a loan from his wife Faith Golding Within a year Perelman had sold all of the company s retail locations and reduced the company to its lucrative wholesale jewelry division earning him 15 million 26 Perelman acquired MacAndrews amp Forbes a distributor of licorice extract and chocolate He faced resistance from the management and investors who filed an unsuccessful lawsuit to prevent the acquisition but Perelman prevailed In 1983 Perelman started selling bonds to acquire the remaining 66 stake in MacAndrews amp Forbes Group Inc to take MacAndrews amp Forbes Group Inc private 27 Also in 1983 MacAndrews had acquired Technicolor Inc 28 Despite the bond debt in 1984 MacAndrews amp Forbes purchased Consolidated Cigar Holdings Ltd from Gulf amp Western Industries in addition to Video Corporation of America 29 30 The Technicolor Inc divisions were sold off and in 1988 its core business was sold to Carlton Communications for 6 5 times the purchase price Using the proceeds from the Technicolor division sell off MacAndrews amp Forbes purchased a 20 percent stake in Compact Video Inc a television and film syndication company Ronald Perelman s controlling buyout of Compact Video was in 1986 In 1989 Perelman acquired New World Entertainment with David Charnay s Four Star Television becoming a unit of Ronald Perelman s Compact Video later that year Ownership of Compact Video Inc was increased to 40 in 1989 after the buyout of Four Star International 31 32 29 After Compact shut down its remaining assets including Four Star were folded into MacAndrews and Forbes Incorporated In 1989 Perelman also acquired New World Entertainment with Four Star becoming a division of New World as part of the transaction Four Star International was purchased through a golden parachute deal that was negotiated with David Charnay by Ronald Perelman after Charnay was notified of stock purchases made by Perelman in 1989 33 By the end of 1989 MacAndrews refinanced the Holding companies junk bonds for standard bank loans The bulk of New World s film and home video holdings were sold in January 1990 to Trans Atlantic Pictures a newly formed production company founded by a consortium of former New World executives 34 His company MacAndrews amp Forbes became a holding company with interests in a diversified portfolio of public and private companies and was still wholly owned by Perelman who served as its chairman and chief executive officer In 1989 one of the company s holdings was Marvel Comics which under Perelman s watch declared bankruptcy he sold off Marvel in 1997 35 MacAndrews amp Forbes s current holdings include Deluxe 36 Revlon 37 SIGA Technologies 38 VTV 39 and as of late 2019 39 of Scientific Games 40 41 However as of Q3 2019 the company had hired Goldman Sachs to help review strategic alternatives for Revlon 42 He has also done deals with Revlon Corporation 43 thrifts for 315 million and renamed it First Gibraltar Bank 44 45 Coleman Company Sunbeam Products 46 and New World Entertainment 47 48 Morgan Stanley Edit On February 17 2005 Perelman filed a lawsuit against Morgan Stanley 49 Two facts were at issue did Morgan Stanley know about the problems with Sunbeam and was Perelman misled tone During the discovery phase the judge became exasperated with what she perceived as deliberate stonewalling on the part of Morgan Stanley and ordered the jury to assume Morgan Stanley deliberately and knowingly defrauded Perelman 50 Hobbled Morgan Stanley had no choice but to argue that Perelman was too savvy an investor to have fallen for their transparent tricks 51 After a five week trial the jury deliberated for two days found in favor of Perelman and awarded him 1 45 billion 52 The damages stung particularly because Morgan Stanley passed up Perelman s offer to settle the case for 20 million 53 Morgan Stanley maintained that the court case was improperly decided citing the judge s decision to use Florida law over New York law and her decision to order the jury to consider Morgan Stanley guilty before the trial began 54 In 2007 the courts of appeal reversed the judgement The judges declared Perelman hadn t provided any evidence showing he d suffered any actual damage as a result of Morgan Stanley s actions Perelman appealed 55 but found himself shot down by the Florida Supreme Court who dismissed it in a 5 0 decision 56 Undeterred even after that setback Perelman went back to the trial court and asked for the case to be reopened because the hiding of email evidence was a classic example of fraud on the court The trial court rejected his arguments but as of January 2009 he is beseeching Florida s 4th Circuit to reopen the case 57 Bloomberg reported on September 18 2020 that Perelman had sold his Gulfstream 650 as well as his 257 foot yacht 12 Philanthropy EditPersonal donations Edit Perelman was a funder of the election campaign of Donald Trump giving US 125 000 to Trump Victory in September 2017 58 In 2015 Perelman donated 500 000 each to Super PACs supporting the presidential candidacies of Lindsey Graham and Jeb Bush 59 In 1995 Perelman donated to Princeton University to create the Ronald O Perelman Institute for Judaic Studies 60 61 Other notable donations include 20 million to the University of Pennsylvania for naming rights to the quadrangle 62 10 million to New York University to create the Ronald O Perelman Department of Dermatology 63 4 7 million to Princeton University to create the Ronald Perelman Institute for Jewish Studies 64 and 20 million to the Guggenheim Museum 65 From 2006 through 2008 Perelman donated 63 5 million to causes including but not limited to Weill Medical College of Cornell University Stand Up to Cancer SU2C World Trade Center Memorial Fund and Ford s Theatre Carnegie Hall and the World Trade Center Memorial 66 In February 2008 Perelman made a 50 million donation to the New York Presbyterian Hospital and Weill Cornell Medical Center to create the Ronald O Perelman Heart Institute and to provide vital financial aid to the Ronald O Perelman and Claudia Cohen Center for Reproductive Medicine 67 68 Perelman also gave a total of 16 million to 581 nonprofit organizations including Big Brothers Big Sisters in Philadelphia the Michael J Fox Foundation for Parkinson s Research in New York the National Association for the Advancement of Colored People in Baltimore the Rainforest Foundation U S in New York and other arts education Jewish medical research and women s health groups Perelman serves as a member of the Board of Directors of the Police Athletic League of New York City a nonprofit youth development agency serving inner city children and teenagers On June 3 2011 Perelman was honored for his charitable contributions at the New York Police Foundation s 40th Anniversary Gala 69 at the Waldorf Astoria in New York City an event that raised 2 3 million for charity Since 2013 Perelman donated 50 million to the NYU Langone Medical Center to create the Ronald O Perelman Center for Emergency Services 70 25 million to the University of Pennsylvania to create a new Center for its Economics and Political Science Departments 71 72 100 million to the Columbia Business School the graduate business school of Columbia University The gift will be used to support the construction of new facilities in Manhattanville including the Ronald O Perelman Center for Business Innovation 73 74 and donated 75 million to revive plans to build a performing arts center at the World Trade Center site 75 76 In May 2015 Perelman succeeded Sanford I Weill as Chairman of Carnegie Hall 2 and since 2010 he has also hosted annual benefits for the Apollo Theater raising millions of dollars annually for the legendary venue 77 In August 2021 Princeton University announced that it would no longer name a newly constructed student dormitory for Perelman after the family foundation failed to make payments on a pledged 65 million donation 78 Controversy EditGreenmail Edit In the late 1980s Perelman was accused of engaging in greenmail 79 Greenmail occurs when someone buys a large block of a company s stock and threatens to take over the company unless he is paid a substantial premium over his purchase price In the case of someone with a reputation as a corporate raider the mere act of buying up shares could send a company into a panic and investors into a buying frenzy 80 Perelman insists he seriously intended to buy every corporation he bought into 81 He was first accused of greenmail in late 1986 during a run at CPC International when he bought 8 2 of CPC at around 75 a share and indirectly sold it back to CPC through Salomon Brothers a month later at 88 5 a share for a 40 million profit Both CPC and Perelman denied it was greenmail despite appearances to the contrary including what looked like an artificial price increase by Salomon shortly before they sold Perelman s shares 82 Another accusation of greenmailing levied against him was the best known and stemmed from his attempt to purchase Gillette in November 1986 Perelman opened negotiations with a bid of 4 12 billion Gillette responded with an unsuccessful lawsuit and public insinuations of insider trading Perelman accumulated 13 8 of Gillette before he made what he would later call the worst decision he ever made and sold his stake to Gillette later that month for a 34 million profit Gillette had put word out that Ralston Purina had agreed to buy a 20 block of stock making any attempt by Perelman to buy Gillette much more difficult Perelman decided to sell his share to Ralston Purina but before he did so Gillette s executives called him up asking if he d sell his shares to them and they d sell the shares to Ralston Purina He sold his shares to Gillette and Ralston backed out of the deal 83 Panavision Edit In April 2001 M amp F Worldwide bought Perelman s 83 stake in Panavision for 128 million This would be unremarkable except that Perelman controlled M amp F Worldwide and the price paid for his stake was four times market value At the time M amp F Worldwide was a healthy company with an excellent balance sheet while Panavision was bleeding red ink M amp F Worldwide s other shareholders cried foul alleging the only person who stood to benefit from the deal was Perelman and took their complaints to the courts 84 Perelman insisted the deal was an excellent one and in the best interest of the shareholders because Panavision was well positioned to profit from the move to digital cinematography 85 The share price tumbled from six to three after the deal and reflected M amp F Worldwide shareholders lack of confidence 86 Perelman tried to pacify M amp F Worldwide s shareholders with a 15 million settlement but the judge rejected it as grossly inadequate Ultimately Perelman agreed to undo the deal 87 Fred Tepperman Edit Perelman hired Fred Tepperman as his CFO after Tepperman left Warner Communications in 1985 Starting with Pantry Pride Tepperman worked on every single business deal Perelman orchestrated throughout Tepperman s seven year stint at MacAndrews amp Forbes Tepperman s tenure came to an abrupt end just after Christmas in 1991 when Perelman fired him for being derelict in his duties Tepperman had been distracted he claimed by caring for his Alzheimer s afflicted wife of 30 years A clause in Tepperman s contract entitled him to a large portion of his salary and benefits in the event of an injury that prevented him from being able to work Tepperman claimed he had suffered such an injury albeit psychologically as a result of the effect his wife s condition had on him His demands totaled 30 million That number stems partially from Tepperman s salary which started at 275 000 and rose to 1 2 million in 1990 88 and partially from his large benefits package 89 Perelman was quick to file a countersuit for fraud claiming that Tepperman had sneakily changed the company s retirement plan in such a way that Tepperman would personally gain millions of dollars 88 It took over three years for the case to make it to court The case ended with a sealed settlement 88 Personal life EditMarriages Edit Perelman has been married five times He married Sterling Bank heiress Faith Golding in 1965 and they divorced in 1984 His marriage to gossip columnist Claudia Cohen lasted from 1985 to 1994 He married socialite Patricia Duff in 1995 and divorced in 1996 He was married to actress Ellen Barkin from 2000 to 2006 90 On October 13 2010 Perelman married Dr Anna Chapman a Harvard University educated psychiatrist Faith Golding Edit Perelman met his first wife Faith Golding in 1965 on a cruise to Israel As the heir to a real estate and banking fortune she controlled personal wealth of around 100 million at the time of their marriage 91 After they had adopted three children Steven Josh and Hope Faith gave birth to their fourth child Debra Their marriage lasted until 1984 when Faith discovered Perelman s ongoing affair with a local florist after a bill for a Bulgari bracelet arrived at their home instead of Perelman s office She further declared he had defrauded the owners of First Sterling Corporation i e herself by diverting thousands of dollars of company money into gifts for the florist Faith made a very public spectacle of the divorce Perelman responded by hiring Roy Cohn and flatly denying all her allegations The pair quickly settled the divorce with an estimated payout to Faith in excess of 8 million 92 Claudia Cohen Edit Ronald and Samantha Perelman Perelman met his second wife Claudia Cohen in 1984 at Le Cirque They had one daughter together Samantha in 1990 In August 1993 Ron filed for divorce 93 Claudia left the marriage with well over 80 million 93 In 2007 Claudia died after a secret seven year battle with ovarian cancer Perelman revealed in his eulogy at her funeral that he had known about her cancer from the beginning and privately commissioned a vaccine in his efforts to cure her 94 95 He donated 20 million to the University of Pennsylvania to remodel what is now Perelman Quadrangle and as part of that donation had the option of renaming Logan Hall His decision to change it to Cohen Hall dismayed some Penn faculty alumni and students 96 Patricia Duff Edit Patricia Duff was Perelman s third wife The pair first met in a Paris hotel lobby when both were still married Perelman to Cohen and Duff to Mike Medavoy 97 After Duff divorced Medavoy Duff converted to Judaism 98 and married Perelman on January 25 1995 She gave birth to his fourth daughter Caleigh Sophia before the wedding took place 99 When the marriage between Duff and Perelman disintegrated in 1996 custody over Caleigh became a major issue Both Perelman and Duff wanted full custody and their prenuptial agreement did not address the subject of child support Initially private the divorce proceedings were opened to the public at the request of Duff 100 Neither party emerged with their reputations unscathed The court psychiatrist found Duff to be paranoid and narcissistic and Perelman to have serious anger management issues 101 Perelman caught a great deal of flak for testifying that it cost about 3 a day to feed his daughter 102 and both sides alleged physical abuse by the other party 103 The judge s sealed decision means the public will never know the exact results of the case 100 but it s known that neither party actually won Perelman is Caleigh s legal guardian but Patricia has extensive visitation rights 104 Ellen Barkin Edit Ellen Barkin Perelman met his fourth wife actress Ellen Barkin at a Vanity Fair Oscar after party in 1999 105 After slightly more than a year of courtship the two married in June 2000 All accounts indicate their five year marriage was a stormy one Much of the friction arose due to Barkin s acting career and her attendant travel schedule Perelman filed and obtained a divorce in early 2006 The press soundly mocked Perelman for his actions the speed and timing of which suggested his real motivation was to avoid a clause in his prenuptial that would raise the amount in alimony he owed Barkin if he waited a few days longer Depending on the source used Barkin s yearly alimony ranges from 2 million to 3 million and the total payout ranged from 20 million to 65 million 106 In late 2007 the pair exchanged lawsuits Part of the divorce settlement required Perelman to invest several million dollars in a film production company Barkin and her brother George an aspiring screenwriter had started Perelman made only one of the payments claiming that there was no evidence the two were actually producing films Barkin sued for her money while Perelman counter sued alleging Barkin and her brother had looted the film company for themselves 107 Four years later the lawsuits ended in a confidential settlement 108 Anna Chapman Edit Perelman began dating psychiatrist Dr Anna Chapman in mid 2006 109 In August 2010 they announced they were expecting a baby her first his seventh via a surrogate 110 In October 2010 they were married 111 Chapman is a convert to Judaism 112 In late November 2010 the couple celebrated the birth of their son Oscar 112 The couple later had a second child Ike in May 2012 Judaism Edit Judaism has had a strong influence on Perelman s life He grew up in a Conservative household The temple he went to growing up was a Reconstructionist temple 113 and his father donated millions to Conservative causes 114 He had a religious reawakening at the age of eighteen while on a family trip to Israel 104 I felt not just this enormous pride at being a Jew I felt this enormous void at not being a better Jew So I decided then to begin being a better Jew As soon as I got married we kept a kosher house we became much more observant We moved to New York shortly thereafter and joined an Orthodox synagogue and the kids grew up with much more Judaism surrounding them than I ever did 104 Today he strictly observes the Jewish Sabbath spends three hours every Saturday in prayer 115 keeps a kosher home 116 and donates millions to Jewish groups and causes particularly the Chabad Lubavitch sect 115 He does not consider himself to be a member of Lubavitch He supports them because he thinks they are Judaism s best chance for surviving and thriving in modern society 104 Homes Edit Pres Choisis in 1905 Perelman is the owner of Pres Choisis now called The Creeks a 40 room Mediterranean style villa on Georgica Pond in East Hampton Long Island It was built in 1899 by the artists Adele and Albert Herter In October 2018 a fire spread from the attic and burned for several hours Insurers paid around 141 million for fire damage but rejected claims of damage to five paintings insured for a total of 410 million As of 16 November 2022 update Perelman s suit against the insurers is before the New York Supreme Court 117 Sources EditHack Richard 1996 When Money Is King How Revlon s Ron Perelman Mastered the World of Finance to Create One of America s Greatest Business Empires and Found Glamour Beauty and the High Life in the Bargain Beverly Hills CA Dove Books ISBN 0 7871 1033 7 via Internet Archive This unauthorized biography was reviewed by Perelman before publication References Edit UPI Almanac for Tuesday Jan 1 2019 United Press International January 1 2019 Archived from the original on September 2 2019 Retrieved September 2 2019 businessman Ron Perelman in 1943 age 76 a b Pogrebin Robin May 2015 Ronald Perelman The New York Times Retrieved May 12 2015 Ronald O Perelman MacAndrews and Forbes Bio MAF January 2017 Retrieved January 1 2017 Perino Marissa April 15 2019 The 25 richest people in New York ranked Business Insider Insider Inc Retrieved May 29 2019 Griffin Drew December 9 2011 E mails questioned huge contract for firm with ties to Obama administration CNN Retrieved May 29 2019 Elstein Aaron January 21 2011 Ron Perelman vs Donald Drapkin crainsnewyork com Crain s New York Business Retrieved January 22 2011 RetailMeNot is getting bought for 630 million by one of billionaire Ron Perelman s companies Business Insider Insider Inc April 10 2017 Retrieved May 29 2019 Stutz Howard Perelman s 27 million in stock purchases viewed as way to off set Scientific Games sour 2018 cdcgamingreport com Retrieved January 20 2019 Billionaire Ronald Perelman buys more shares of vTv Therapeutics Biz Journals American City Business Journal Retrieved May 29 2019 Bloomberg Billionaires Index Bloomberg May 29 2019 Retrieved May 29 2019 Perelman Begins Unwinding Multibillion Dollar Empire With Sale Bloomberg com July 22 2020 Retrieved August 1 2020 a b Perelman Selling Almost Everything as Pandemic Roils His Empire Bloomberg com September 18 2020 via www bloomberg com a b Hack 1996 pp 1 3 Current Biography Yearbook H W Wilson Co January 1 1992 ISBN 9780824201289 via Google Books Abigail Pogrebin Stars of David Prominent Jews Talk About Being Jewish Broadway 2007 Don t Mess With Me Forbes com www forbes com Archived from the original on October 25 2005 Retrieved November 20 2019 DiStefano Joseph N Raymond G Perelman master investor and philanthropist dies at 101 www inquirer com Retrieved December 17 2019 Philadelphia Museum of Art Information Our Future Perelman Building Raymond G and Ruth Perelman Philadelphia Museum of Art Archived from the original on November 20 2008 Retrieved March 20 2007 Haverford Grad Ronald Perelman Instigated Hostile Takeover Era But Rules Are Now Changing Once Again montco today November 18 2019 Retrieved July 7 2022 Ramirez Anthony 2006 The Year s 50 Most Fascinating Business People Ron Perelman Revlon s Striving Makeover Man Fortune Time Inc Archived from the original on September 18 2018 Retrieved January 22 2007 Blankfeld Keren 2006 Exclusive Interview Billionaire Ronald Perelman With His Dad Forbes Forbes LLC Retrieved September 21 2011 Jeff Gordinier 2006 Perelman Man behind the paln Daily Pennsylvanian Archived from the original on May 11 2007 Retrieved March 29 2007 Forbes List 100 Greatest Living Business Minds Forbes September 2017 Archived from the original on September 20 2017 Retrieved September 19 2017 Hack 1996 pp 4 9 Hack 1996 p 9 Hack 1996 pp 10 12 Hack 1996 p 13 Al Delugach September 10 1988 British Concern Agrees to Buy Technicolor Inc Carlton to Pay About 780 Million for the Movie Film Processor Los Angeles Times Retrieved November 20 2017 a b MacAndrews amp Forbes Holdings Inc Funding Universe Retrieved May 16 2008 Cigar Aficionado Interview with Billionaire Ron Perelman Cigar Aficionado CROUCH GREGORY December 22 1987 Reasons Emerge for the Liquidation of Compact Video Los Angeles Times Retrieved October 4 2016 Perelman s Not Out of the Game Just Yet Los Angeles Times July 18 1996 Retrieved November 15 2017 Fineman Josh January 26 1995 Perelman Man behind the plan The Daily Pennsylvanian Retrieved November 20 2017 New World Deal Los Angeles Times January 4 1990 Retrieved May 27 2014 Marvel Reaches Agreement to Emerge from Bankruptcy The New York Times July 11 1997 p D3 Archived from the original on June 7 2011 Deluxe MacAndrews amp Forbes Revlon MacAndrews amp Forbes SIGA Technologies MacAndrews amp Forbes vTv Therapeutics LLC MacAndrews amp Forbes Incorporated Scientific Games MacAndrews amp Forbes Billionaire Financier Ron Perelman Boosts Stake in Scientific Games Sparks Massive Rally in Stock Casino org 23 Sept 2019 Yerak Becky August 15 2019 Revlon Exploring Strategic Alternatives With Help From Goldman Sachs Wall Street Journal Retrieved November 20 2019 Stevenson Richard November 5 1985 Pantry Pride Control of Revlon Board Seen Near New York Times p D5 Retrieved March 24 2017 Hayes Thomas December 29 1988 Talking Deals A Veil of Secrecy In Texas Rescues New York Times p D2 Ladendorf Kirk April 3 1989 A bank by any other name must be in Austin Confusion lawsuits greet the changes made of necessity Austin American Statesman p 12 MacAndrews amp Forbes Holdings Inc Answers com 1999 Archived from the original on March 2 2011 Retrieved April 11 2007 Hack 1996 pp 140 150 Raviv Dan 2002 Comic Wars Random House Archived from the original on April 22 2007 Retrieved January 27 2007 Court TV Online Coleman vs Morgan Stanley Court TV 2005 Archived from the original on March 16 2006 Retrieved March 20 2007 Craig Susanne 2005 How Morgan Stanley botched a big case by fumbling emails Pittsburgh Post Gazette Block Communications Archived from the original on May 13 2007 Retrieved March 20 2007 Rosser Bo 2005 On the stand billionaire Perelman accuses Morgan Stanley of fraud Court TV Archived from the original on March 16 2006 Retrieved March 20 2007 Susan Rosser Bo 2005 Jury awards Perelman 850 million in damages from Morgan Stanley Court TV Archived from the original on November 1 2006 Retrieved March 20 2007 Cramer James J Morgan Stanley CEO Phil Prucell s People Problem New York New York Media LLC Archived from the original on June 21 2007 Retrieved March 20 2007 Jones Carl 2005 Law com Morgan Stanley Record Is Clear That Florida Judge Erred Daily Business Review Archived from the original on June 23 2007 Retrieved March 20 2007 Bruno Joe Bel 2007 ABC News Morgan Stanley Perelman Judgment Flipped ABC News Disney ABC Television Group Archived from the original on March 28 2007 Retrieved March 23 2007 Feeley Jef Harper Christine 2007 Perelman Loses Appeal of Morgan Stanley Jury Award Bloomberg L P Archived from the original on February 25 2014 Retrieved December 13 2007 Feeley Jef Milford Phil January 5 2009 Perelman Seeks to Reopen Case Against Morgan Stanley Bloomberg L P Retrieved January 8 2009 Tindera Michela April 17 2020 Here Are The Billionaires Backing Donald Trump s Campaign Forbes com Retrieved June 4 2020 Million Dollar Donors in the 2016 Presidential Race The New York Times August 25 2015 Retrieved October 14 2015 Mento Maria Di December 10 2018 Billionaire Ron Perelman and His Daughter Debra Give Princeton 65 Million Gifts Roundup philanthropy com Retrieved December 10 2018 Perelman Institute for Judaic Studies Princeton edu Schweiger Tristan 2000 Trustees visit Perelman Quad opening Daily Pennsylvanian Archived from the original on May 11 2007 Retrieved March 29 2007 Myers Steven Lee 1991 Chronicle The New York Times Archived from the original on March 25 2017 Myers Steven Lee 1995 Chronicle New York Times Archived from the original on March 22 2007 Rosebaum Lee 2003 The Guggenheim regroups The Story Behind the Cutbacks in financial crisis and with its downtown NYC expansion plan deferred or defunct the Guggenheim museum continues to explore ambitious new global projects Art in America Archived from the original on November 5 2004 Retrieved March 29 2007 America s Most Generous Donators The Chronicle of Philanthropy 2006 Archived from the original on May 11 2007 Retrieved March 29 2007 Chronicle Faces of Philanthropy 2009 Ron Perelman Is Bringing Performing Arts to the World Trade Center Town and Country 2017 Scene Last Night Ron Perelman Ray Kelly Jon Bon Jovi NYPD Bloomberg News 2011 Archived from the original on January 15 2013 Retrieved June 3 2011 Chronicle Philanthropy News Digest 2013 Chronicle The Philadelphia Inquirer Philadelphia Media Network 2013 Exclusive Interview Billionaire Ron Perelman with His Dad Forbes com 2011 yz May 1 2013 Ronald O Perelman Pledges 100 Million Toward Manhattanville Archived from the original on June 15 2013 Perelman Pledges 100 Million to Columbia Business School New York Times DealBook May 2 2013 Retrieved October 14 2015 Ronald Perelman Donates 75 Million for Arts Complex at World Trade Center Site The New York Times June 30 2016 Retrieved June 29 2016 Perelman Donates 75 Million for Arts Complex at World Trade Center Site Town and Country May 8 2017 Retrieved May 8 2017 Blankfeld Keren 2011 Chronicle Forbes Perelman name removed from Residential College 7 Atlas Riva 2000 The Perils of Perelman Institutional Investor 34 3 54 Hack 1996 pp 80 82 99 Hagedom Ann March 9 1987 Possible Revlon Buyout May Be Sign Of a Bigger Perelman Move in Works Wall Street Journal p 1 Sandler Linda November 7 1986 Big CPC Trade Has Money Managers Asking If It Was Actually Greenmail for Perelman The Wall Street Journal Dow Jones amp Company p 1 A lengthy Q amp A interview from 1995 Shanken Marvin R Cigar Stars Cigar Aficionado Archived from the original on February 25 2007 Retrieved February 2 2007 Bary Andrew September 27 1987 Perelman s Price Barron s Vol 80 no 47 p 45 Atlas Riva D December 17 2000 Perelman s Endless and Costly Love The New York Times p C1 Bary Andrew August 13 2001 Perelman s Plight Barron s Vol 81 no 3 Dow Jones amp Company p 17 Bary Andrew August 5 2002 Sour Candy Barron s Vol 82 no 31 Dow Jones amp Company p 13 a b c Hack 1996 pp 126 185 219 Jehl Douglas June 28 1995 An Ill Wife A Tough Boss And a Lawsuit The New York Times p D1 New York Post Ron Perelman s Summer Loathing By Annie Karni Archived August 30 2010 at the Wayback Machine August 10 2008 Hack 1996 pp 5 6 Hack 1996 pp 23 28 a b Hack 1996 pp 146 149 In March 2008 Perelman decided to change the name of Logan Hall at the University of Pennsylvania to Cohen Hall He donated 20 million to the University and as part of that gift was permitted to rename Logan Hall Friedman Roger June 19 2007 Claudia Cohen Funeral for a Friend Fox411 Fox News Retrieved June 20 2007 Wu Cecily Logan Hall to become Claudia Cohen Hall Archived December 1 2008 at the Wayback Machine The Daily Pennsylvanian March 19 2008 Wu Cecily What s in a name A lot say profs alums Archived March 28 2008 at the Wayback Machine The Daily Pennsylvanian March 27 2008 Byron Christoper M 2004 Testosterone Inc Tales of CEOs Gone Wild Hoboken New Jersey John Wiley amp Sons Inc p 183 ISBN 0 471 42005 0 Jewish Journal A Battle With No Winners October 21 1999 Byron Christoper M 2004 Testosterone Inc Tales of CEOs Gone Wild Hoboken New Jersey John Wiley amp Sons Inc p 199 ISBN 0 471 42005 0 a b Martinez Andres 2005 Billionaire a name in gossip columns as often as business section Court TV Archived from the original on March 16 2006 Retrieved March 25 2007 McShane Larry 1999 Perelman v Duff A divorce of the vanities Associated Press Archived from the original on April 27 2005 Retrieved March 25 2007 Oreklin Michele February 1 1999 People Time Time Inc Archived from the original on September 30 2007 Retrieved March 25 2007 Gregorian Dareh December 9 1998 Perelman custody case gets physical New York Post p 3 a b c d Pogrebin Abigail 2005 Stars of David Prominent Jews Talk About Being Jewish New York Broadway pp 84 91 ISBN 978 0 7679 1612 7 Susan Dominus 2005 Ms Barkin and the billionaire The Irish Independent Retrieved April 3 2007 Gray Geoffrey 2006 Ron Perelman vs Ellen Barkin Scenes From a Broken Marriage New York Magazine Archived from the original on March 19 2007 Retrieved April 3 2007 Hurtado Patricia 2008 Perelman Sues Ex Wife Barkin Claiming She Took Funds Bloomberg L P Archived from the original on April 7 2017 Retrieved December 13 2007 Archive link is dead Martinez Jose January 18 2011 Ellen Barkin and billionaire ex Ron Perelman settle nasty legal battle over film company New York Daily News http wallstfolly typepad com wallstfolly 2006 11 ellen barkin to html comments Archived July 25 2011 at the Wayback Machine Barkin looked over at Perelman s table saw his dinner date Anna Chapman and told the blond psychotherapist http www nypost com p pagesix no due for super dad ron UoQXl14CVj1ZbOVDslBeXK ixzz1HNjWeyMgRonald Perelman expecting 7th child Ron Perelman amp Anna Chapman getting married New York Post October 13 2010 a b A son for Revlon chairman Ronald Perelman and wife Anna Chapman New York Post December 1 2010 dead link Beth Sholom Synagogue Elkins Park PA The Nahum Goldmann Museum of the Jewish Diaspora Retrieved 2007 05 22 Tobin Jonathan S If you build it will they come Jerusalem Post 2006 03 27 p 13 a b Powell Michael 1998 Perelman Power The Washington Post Archived from the original on February 14 2011 Retrieved March 29 2007 Ross Lillian 2005 Ellen Barkin At Home The New Yorker Conde Nast Archived from the original on June 6 2005 Retrieved March 29 2007 Kinsella Eileen October 26 2022 Mega Collector Ronald Perelman Is Suing to Recover 410 Million for Art He Says Lost Oomph After a Fire at His Hamptons Estate His Insurance Companies Say It Looks Fine Artnet News Retrieved November 16 2022 Moynihan Colin November 15 2022 Did Five Paintings Lose Their Oomph It s a 410 Million Question The New York Times Retrieved November 16 2022 Search All New York State Civil Supreme Court Cases Index Number 654742 2020 Retrieved from https en wikipedia org w index php title Ronald Perelman amp oldid 1127015489, wikipedia, wiki, book, books, library,

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