Ronald Perelman is the 25th richest American, and 64th richest person in the world, with an estimated wealth of USD$12 billion.
Perelman was born in Greensboro, North Carolina on January 1, 1943 to Raymond and Ruth Perelman. He was raised in a Jewish family. Perelman—who is thought to be a major Chabad funder—has built a tiny synagogue adjacent to his East 62nd Street townhouse. It is one-room and one-member; on Friday nights, he puts nine Hasidic men from Crown Heights up at a nearby hotel so that he can fulfill the Jewish law requiring that prayers be conducted with at least ten Jewish men. It’s mentionable that always nine Jewish men travel with him so that he is never without a minyan. He had never talked about the reason that led him to build a one member synagogue and not joining other Jewish people.
He supports Israeli causes, and is a trustee of the Simon Wiesenthal Center, the notorious pro-Israel front group with over 300,000 global members and support from prominent figures like himself, George W. Bush, Barack Obama, Senator Charles Schumer, Hillary Rodham Clinton, and many others.
Perelman was born in Greensboro, North Carolina on January 1, 1943 to Raymond and Ruth Perelman. He was raised in a Jewish family. Perelman—who is thought to be a major Chabad funder—has built a tiny synagogue adjacent to his East 62nd Street townhouse. It is one-room and one-member; on Friday nights, he puts nine Hasidic men from Crown Heights up at a nearby hotel so that he can fulfill the Jewish law requiring that prayers be conducted with at least ten Jewish men. It’s mentionable that always nine Jewish men travel with him so that he is never without a minyan. He had never talked about the reason that led him to build a one member synagogue and not joining other Jewish people.
He supports Israeli causes, and is a trustee of the Simon Wiesenthal Center, the notorious pro-Israel front group with over 300,000 global members and support from prominent figures like himself, George W. Bush, Barack Obama, Senator Charles Schumer, Hillary Rodham Clinton, and many others.
Along with his father and brother, he controlled the American Paper Products Corporation. Raymond left the company and bought Belmont Iron Works, a manufacturer of structural steel.
Perelman attended The Haverford School and then the Wharton School at the University of Pennsylvania where he majored in business. He graduated in 1964 and completed his master's in 1966.
Perelman's first major business deal took in 1961. He and his father bought the Esslinger Brewery for $800,000, and 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 many other deals, earning millions of dollars in the process.
He orchestrated the purchase of Cohen-Hatfield Jewelers in 1978. He recognized the enormous value of Hatfield's mismanaged jewelry cache and bought control of the company with a $1.9 million loan from his wife, Faith Golding. Within a year, Perelman had sold all of company's retail locations and reduced the company to its lucrative wholesale jewelry division, earning him $15 million.
His next target was MacAndrews & Forbes, a distributor of licorice extract and chocolate. He purchased the company and MacAndrews & Forbes has become a holding company with interests in a diversified portfolio of public and private companies. Wholly owned by Chairman and Chief Executive Officer Ronald O. Perelman, MacAndrews & Forbes Holdings Inc. invests in companies with strong market positions, recognized brands and growth potential. Current holdings include leading participants across a wide range of industries, from cosmetics and entertainment to biotechnology and military equipment, including AM General, Deluxe, Faneuil, Revlon, Scientific Games, SIGA Technologies and TransTech Pharma.
He has done dozens of deals with Revlon Corporation, thrifts for $315 million and renamed it First Gibraltar Bank., Marvel Entertainment Group, Coleman Company, Sunbeam Products, New World Entertainment
In April 2001, M&F Worldwide bought Perelman's 83% stake in Panavision for $128 million.
Perelman also owns a major part of Rupert Murdoch’s News Corporation.
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