Ron Perelman’s debts fall due


In 2012, Mr Perelman sued his art dealer, Larry Gagosian, claiming he was repeatedly prompted to spend more on works than they were worth. In 2013, Harland Clarke, another Perelman company, sued Michael Milken over a deal. Mr Perelman said it was not personal, but still. Mr Milken was – as the former head of high yields at Drexel, Burnham, Lambert – largely responsible for turning Mr Perelman into a billionaire.

Both lawsuits were dismissed.

Lesser Known: Mr. Perelman is an easy crier.

It happened at the MacAndrews & Forbes offices during a recent interview as he spoke about the end of his marriage to Ms Duff. In 1996, less than two years after giving birth to their daughter, Caleigh, Mr Perelman broke up with her in the back seat of a chauffeured car, while attending the Democratic National Convention.

That’s not the part that made her cry.

After returning home, Mr. Perelman called his ex-wife, Ms. Cohen. He was staying at his Creek property. She was at their former dive on Lily Pond Lane, which is 9.5 acres in size.

Mr. Perelman and Ms. Cohen were not very well placed at the time. In addition to the way the marriage ended, he had clearly expressed his antipathy for the man she had rebounded with. Which in retrospect, admitted Perelman was not necessarily fair, even though the man happened to be former New York Senator Al D’Amato, for whom personal and professional scandals have hung on, such as the The Los Angeles Times once said, “like a sweaty undershirt.

“She said ‘come on’ and we talked pretty much all night,” said Mr Perelman, lips quivering and eyes full of water. “And she never said a word about how I gave her a hard time. We just stood together and I said how much of a jerk I was. Everything was as before.

Although not entirely. They weren’t in love.

But she helped him through his epic three-year divorce from Ms Duff and stood by his side seven years later when his fourth marriage, to actress Ellen Barkin, came to an end. (Not good either: “The last time I saw Ellen she threw a drink in my face,” he said.)


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