вЂњWeвЂ™re all complicated, weвЂ™re all crazy,вЂќ he said. Of his five marriages, three have ended in ugly divorces. вЂњYou just get a get,вЂќ he said, referring to the Jewish religious tradition in which a rabbinical court grants permission to divorce. Perelman is bored by sports, waxes poetic about Dries Van Noten, goes to a therapist, donates to Republicans and is, by his own admission, attracted largely to women whose identities cannot be sublimated by guys like him. in 36 years (currently itвЂ™s his daughter Debra Perelman), Mr. On the other, he set MacAndrews & Forbes up in ways that colleagues say are designed to evade public scrutiny.ДЄ 79-year-old cannonball of testosterone whose micromanagement of employees helps explain why Revlon is on its 10th C.E.O. On the one hand, he is plainly attracted to the spotlight, hosting Apollo Theater fund-raisers at his Hamptons estate where he plays drums onstage with musician friends like Pharrell Williams and Alicia Keys. Perelman remains a figure of fascination: incredibly well known, difficult to define.

And got them.Д«ut among the 0.1 percenters who take advantage of endless banking tools, Mr.

Here was a very rich man who, despite having a failing business, repeatedly went to the banks for billions of dollars in loans he may never fully pay back. Perelman is a story about losing money, it is also a parable for how the game is rigged for those at the top. I read the party line and I donвЂ™t know.вЂќ вЂWeвЂ™re all complicated, weвЂ™re all crazy.вЂ™ДЄlthough what happened to Mr. вЂњIвЂ™ve vacationed with him many times, I talk to him a lot,вЂќ Irving Azoff, the music impresario, said, вЂњbut heвЂ™s very private and we havenвЂ™t discussed this. Was he sick? Was he now only worth a few billion dollars? Or was he actually broke? Perelman cast it to Bloomberg News in 2020 when reports of his financial situation first surfaced, his decision to sell belongings was driven by the challenging economic moment, a desire to live a less leveraged lifestyle, and shifting priorities, including becoming more of a homebody since he married his fifth wife, the psychiatrist Anna Chapman, in 2010. Perelman had pledged $65 million to go toward construction of a new residential college, announced in 2021 that the building would no longer be named in his honor when he failed to meet the original payment schedule.ДЄs Mr. He got rid of two jets and placed his 280-foot superyacht on the market for $106 million. Perelman and occupied by his second wife, Claudia Cohen, until her death in 2007, went on the market for $115 million, though the amount he (or the banks, depending on whom you ask) will receive for it in an upcoming deal, according to people with knowledge of it, is closer to $80 million.

A second Hamptons estate, which was owned by Mr. As well as a Giacometti sculpture that SothebyвЂ™s sold in a private sale where the minimum bid was $90 million. Off went a MirГі and a Matisse, which sold for a combined $39 million. When the pandemic hit and RevlonвЂ™s share price fell from $24 to $5, the banks closed in. And a number of those loans were secured by Mr. Vericast had loans totaling almost as much. RevlonвЂ™s $1.034 billion acquisition of Elizabeth Arden in 2016 was financed largely with loans that grew to $3 billion. Perelman said Revlon вЂњwas never a vanity play.вЂќ But he also canвЂ™t deny that in recent years, this midpriced beauty line has been a sinkhole, its lip glosses and eyeshadows languishing on CVS shelves as customers migrated online to buy products by Rihanna and Kylie Jenner. On a recent Sunday afternoon, sitting in a modernist chair in his office, his knee pressed against a Giacometti table, Mr. (The day the Richard Serra sculpture arrived for installation in 2007, no one could pass through town in either direction, because Highway 27 was blocked by his trucks). He joined elite boards, had Revlon sponsor the Oscars, filled his townhouse with artwork by Jasper Johns, Andy Warhol and Cy Twombly, and bought the Creeks, a 72-acre estate in East Hampton. Perelman into an emblem of the вЂњgreed is goodвЂќ era and earned him the cachet to shape shift for the one that followed. Perelman acquired for $2.7 billion in 1985 through a hostile takeover. The exception, of course, is Revlon, the cosmetics colossus Mr. Perelman is heвЂ™s one billionaire who didnвЂ™t get richer during the pandemic.ДЇor much of the last three decades, he lived in a townhouse on East 63rd Street that connects to the offices of MacAndrews & Forbes, the holding company where, as chairman and chief executive, he lords over a mini-empire of businesses that have included online gambling (Scientific Games) and supermarket coupons (Vericast), and were - especially in recent years - less well known than he is. Perhaps the most surprising thing about Ronald O.

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