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This blog has already visited the tragic case of Ron Perelman…

… whose fall has pulled on the heartstrings of all New Yorkers. Recall this 2022 NYT paragraph:

He got rid of two jets and placed his 280-foot superyacht on the market for $106 million. Princeton University, to which Mr. 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.

Things have only gotten worse since then. A fire at one of his homes so damaged five of his paintings that he has made a claim for their full value with his insurer. The insurer notes that there isn’t any damage.

Perelman in his reply points out that they have lost their “oomph” and he wants $410 million.

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Ah, the good old days.

In 2012, a volunteer firefighter who responded to a call from the Creeks, the investor Ron Perelman’s 58-acre estate in East Hampton, discovered that Perelman had constructed or renovated many buildings without permits, including a 5,800-square-foot habitable barn, a 4,200-square-foot carriage house, and a small synagogue. Attorney Leonard Ackerman, who represented Perelman and has been involved in many big Hamptons land-use cases, likes to say that he practices “forgiveness law.” For Perelman, forgiveness at the Creeks meant ripping six bedrooms out of the carriage house, tearing down part of a cabana, and revegetating 70,000 square feet of illegally cleared wetlands.

Margaret Soltan, June 4, 2025 7:50AM
Posted in: class

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