By: Ellen Cans
Ron Perelman has sold his longtime Hamptons estate, citing a desire for a “simpler life”.
The 79-year-old banker, businessman, investor and philanthropist, continues to sell off his prized assets. As reported by the NY Post, Perelman has sold his oceanfront Hamptons estate for an impressive $84.5 million. The home at 153 Lily Pond Lane was first listed for sale in June with an asking price of $115 million. Though the sale, made to an anonymously buyer under the name 153 LPL LLC, offered a substantial $30 million discount off the original ask, it still brings in an adequate profit for Perelman. He had first purchased the property in 1986 for $4.25 million. The nine-acre estate, which he hasn’t frequented in years, appreciated in value over the years.
The 11,400 square foot home boasts 10-bedrooms, 15-bathrooms, is walking distance to the beach and offers 385 feet of oceanfront views as well as plenty of floor-to-ceiling windows. The property includes a pool, outdoor hot tub, a tennis court and its own pavilion.
Not to worry though. Should the billionaire wish to visit the Hamptons he still owns another home. His estate, entitled the Creeks, is one of the largest in the Hamptons. Boasting 57-acres, situated on Georgica Pond, it is also being listed for sale, with a mind-boggling price-tag of $180 million, as per The Post. Last Spring, Perelman also listed an Upper East Side townhouse for sale, asking $60. It is also still available.
In a rare interview with Vanity Fair back in August 2020, Perelman expressed his wish for “a less complicated and less leveraged business life.” He had said: “A simpler life, with less running around and more time with my family, including home schooling our youngest children, has energized me and taught me new things. For the future, I will spend my time more with my family and all my children, seeking new investment opportunities, and running our companies.”
Perelman’s company, MacAndrews & Forbes, invests in a wide array of companies including makeup giant Revlon, cars, groceries, security, gaming, photography, television, camping supplies, jewelry, banks, and comic book publishing. Of late, Revlon has been struggling with a mounting $3 billion in debt, which prompted Perelman to hire Goldman Sachs to “explore strategic alternatives”. Perelman has seen his net worth drastically dwindle in recent years, as he continues to sell off his assets. His estimated net worth is 2.69 billion in 2022, down from a high of $20 billion. He has annually been one of the largest philanthropic donors in the world.
