Ronald Perelman net worth 2023: Ronald Owen Perelman is an American banker, businessman and investor. 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
Ronald Perelman net worth and Biography
|Net Worth||$13 billion|
|Date of birth||January 1, 1943|
|Occupation||owner of MacAndrews & Forbes|
As of 2023, Ronald Perelman net worth is valued at $13 billion. 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 and Raymond G. Perelman. He was raised in a Jewish family in Elkins Park, Pennsylvania,
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.
Perelman graduated from The Haverford School in Haverford, Pennsylvania, Pennsylvania in 1962.
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.
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.
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.
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.
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
He has also done deals with Revlon Corporation, thrifts for $315 million and renamed it First Gibraltar Bank, Coleman Company, Sunbeam Products, and New World Entertainment.
Perelman was a funder of the election campaign of Donald Trump, giving US$125,000 to Trump Victory in September 2017.[
Ronald Perelman net worth
As of 2023, Ronald Perelman net worth is valued at $13 billion. Perelman has been married five times. Perelman is the owner of “Près Choisis”, 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.