Age, Biography and Wiki

Ronald Perelman (Ronald Owen Perelman) was born on 1 January, 1943 in Greensboro, North Carolina, U.S., is an American billionaire businessman and investor. Discover Ronald Perelman's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 81 years old?

Popular As Ronald Owen Perelman
Occupation Banker, businessman, investor, philanthropist
Age 81 years old
Zodiac Sign Capricorn
Born 1 January 1943
Birthday 1 January
Birthplace Greensboro, North Carolina, U.S.
Nationality United States

We recommend you to check the complete list of Famous People born on 1 January. He is a member of famous businessman with the age 81 years old group.

Ronald Perelman Height, Weight & Measurements

At 81 years old, Ronald Perelman height not available right now. We will update Ronald Perelman's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Ronald Perelman's Wife?

His wife is Faith Golding (m. 1965-1984) Claudia Cohen (m. 1985-1994) Patricia Duff (m. 1995-1996) Ellen Barkin (m. 2000-2006) Anna Chapman (m. 2010)

Family
Parents Not Available
Wife Faith Golding (m. 1965-1984) Claudia Cohen (m. 1985-1994) Patricia Duff (m. 1995-1996) Ellen Barkin (m. 2000-2006) Anna Chapman (m. 2010)
Sibling Not Available
Children 8

Ronald Perelman Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Ronald Perelman worth at the age of 81 years old? Ronald Perelman’s income source is mostly from being a successful businessman. He is from United States. We have estimated Ronald Perelman's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income businessman

Ronald Perelman Social Network

Instagram
Linkedin
Twitter
Facebook
Wikipedia
Imdb

Timeline

1943

Ronald Owen Perelman (born January 1, 1943) is an American banker, businessman, investor, and philanthropist.

MacAndrews & Forbes Incorporated, 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, SIGA Technologies, RetailMeNot, Merisant, Scantron, Scientific Games Corporation, Valassis, vTv Therapeutics and Harland Clarke.

Perelman was born in Greensboro, North Carolina, on January 1, 1943, the son of Ruth (née Caplan) and Raymond G. Perelman.

He was raised in a Jewish family in Elkins Park, Pennsylvania, and is the grandson of Litvak immigrants.

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.

1961

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.

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.

1962

Perelman graduated from The Haverford School in Haverford, Pennsylvania, Pennsylvania in 1962.

From his father, Perelman learned the fundamentals of business.

By the time Ronald turned eleven years old he regularly sat in on board meetings of his father's company.

1966

He earned his MBA from Wharton in 1966.

1978

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.

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.

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.

1983

In 1983, Perelman started selling bonds to acquire the remaining 66% stake in MacAndrews & Forbes Group Inc. to take MacAndrews & Forbes Group Inc. private.

Also in 1983, MacAndrews had acquired Technicolor Inc. Despite the bond debt, in 1984, MacAndrews & Forbes purchased Consolidated Cigar Holdings Ltd. from Gulf & Western Industries, in addition to Video Corporation of America.

1986

Ronald Perelman's controlling buyout of Compact Video was in 1986.

1988

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.

1989

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.

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.

By the end of 1989, MacAndrews refinanced the Holding companies' junk bonds for standard bank loans.

2006

A 2006 article published in the Forbes 400 discusses their rough relationship in detail.

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.

2017

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

2018

Previously worth $19.8 billion in 2018, Perelman is, as of November 2022, worth $1.9 billion.

2020

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.