Ronald Perelman
Overview
- Source of Wealth
- Leveraged buyouts
- Industry
- Finance & Investments
- Residence
- New York, New York
- Education
- University of Pennsylvania (Bachelor of Arts/Science)University of Pennsylvania, The Wharton School (Master of Business Administration)
- Marital Status
- Married
- Children
- 8
Assets
- SIGA Technologies24,156,000 shares @ --SIGA-US
- VTV Therapeutics1,490,000 shares @ --VTVT-US
- Whole Earth Brands Inc0 shares @ --FREE-US
Biography
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.
About
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.