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 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, for follow-up Michael Milken on 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 how the marriage ended, he had expressed his dislike for the man she had rebounded with. In retrospect, Mr Perelman conceded that this was not necessarily fair, even though it is former New York Senator Al D’Amato, who has been caught up in personal and professional scandals, such as The Los Angeles Times when put on, “like a sweaty undershirt.”

“She said ‘come on’ and we talked pretty much all night,” said Mr Perelman, lips quivering, 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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