Who is Ronald Perelman?
He is a US-based billionaire. He is most known for owning the Revlon Group. He is also chairman and chief executive officer of Revlon. He was born in January 1943. He is married to Anna Chapman. He has 8 children (Steven, Josh, Hope, Debra, Samantha, Caleigh Sophia, Oscar, and an undisclosed 2nd son with Anna Chapman). The oldest 3 kids were adopted.
He has an MBA from the Wharton School of Business at the University of Pennsylvania. He comes from a wealthy family. He is a board member of the Apollo Theater in Harlem New York.
MacAndrews And Forbes
Perelman is a successful investor through his private holding MacAndrews and Forbes. He acts as executive officer of Macandrews and Forbes. He invests a fortune of US$ 14 billion.
Investments include the Revlon Group and Harland Clarke, Other investments are Mafco, Scantron, and AM General. AM General is known for the Hummer and the military Humvee.
American Paper Products Company
The Perelman family owned the American Paper Products Company. The company was founded by Ronald’s grandfather Morris Perelman. That was in the early 1930s.
In the 1960s Ronald’s father Raymond and his uncle Leon Perelman took over the paper company. The company was very successful. It enabled Raymond Perelman to start investing.
Ronald soon joined his father in investment activities. Early investments were the Esslinger Brewery. It was sold with a US$ 1 million profit. Later he sold Cohen-Hatfield Jewelers with a US$ 15 million profit.
Ronald acquired the chocolates and licorice distributor MacAndrew and Forbes in 1980. Later this company was turned into Perelman’s private holding.
Owner of Revlon
Notable investments were Technicolor, The Revlon Group, and Max Factor. Other investments are the First Gibraltar Bank and Marvel Entertainment Group.
Ronald is an active philanthropist. Like his father who donated US$ 300 million to good causes. Of which US$ 225 million to the University of Pennsylvania. Both Ronald and his father Raymond are listed on the Chronicle of Philanthropy’s Top 50.
In 2013 alone Ronald has donated more than US$ 200 million to charity.
He is the founder of the Ronald Owen Perelman and Claudia Cohen Center for Reproductive Medicine. The center is established at Weill Cornell Medical Center.
He also founded the “The Ronald O. Perelman Department of Dermatology”. And the Ronald O. Perelman Heart Institute at the New York-Presbyterian Hospital.
Further, he has established the Revlon UCLA Women’s Cancer Research Program.
Perelman Net Worth
He has an estimated net worth of US$ 6 billion. His father Raymond has a net worth of US$ 500 million.