Wealth

Perelman Selling Almost Everything as Pandemic Roils His Empire

Billionaire’s artwork, private jet, company stakes are on the market

Workers remove crates of artwork from Ron Perelman's Upper East Side offices and into waiting trucks.

Photographer: Jack Pitcher/Bloomberg

Bit by bit, billionaire Ronald O. Perelman is parting with his treasures.

His Gulfstream 650 is on the market. So is his 257-foot yacht. Movers hauled crates of art from his Upper East Side townhouse after he struck a deal with Sotheby’s to sell hundreds of millions of dollars of works.