Top Philanthropy Info Guide: Ron Perelman - Performing Arts - The New Theater Complex

$75 Million for Arts Complex at World Trade Center Site

Less than a year since he stepped down as the chairman of Carnegie Hall after clashing with its staff, Ron Perelman, the billionaire businessman, announced Wednesday that he was donating $75 million to revive plans to build a performing arts center at the World Trade Center site.

His donation immediately catapulted the long-stalled performing arts center, one of the last major pieces of unfinished business at the World Trade Center site, from aspirational to achievable and places him among a new generation of power brokers and billionaires who are reshaping — and renaming — the cultural infrastructure of New York. In recognition of his gift, the new theater complex, which will sit on one of the most emotionally resonant and most visited spots in the city, will be named for Ronald Perelman.

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Best Philanthropy Info Guide: Ron Perelman - Performing Arts Center

"The arts give us a better understanding of the world, and insight into other cultures, which is critical right now."

There is no shortage of institutions bearing the name of New York business tycoon and Giving Pledge signatory Ron Perelman. To name just a few: the Ronald O. Perelman Department for Emergency Medicine at NYU, the Ronald O. Perelman Heart Institute at New York–Presbyterian Hospital, the Ronald O. Perelman Center for Business Innovation at Columbia University, and the Ronald O. Perelman Center for Economics and Political Science at the University of Pennsylvania.

Perelman has also long been involved with the Apollo Theater, and he’s well known for his work fighting breast cancer—in the '90s he founded the Revlon/UCLA Women’s Cancer Research Program and was instrumental in launching the EIF Revlon Run/Walk, which has raised more than $100 million. "I learned about philanthropy from watching my father give back to his community," says Perelman, who also learned business skills at the knee of his manufacturing exec dad. "From an early age that was instilled in me."


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Ron Perelman Is Bringing Performing Arts to the World Trade Center

Top Business People Info Guide: Ronald Owen Perelman

Chairman and Chief Executive Officer

Ronald O. Perelman is Chairman and Chief Executive Officer of MacAndrews & Forbes Incorporated, a company with interests in a diversified portfolio of public and private companies. The principal interests of MacAndrews & Forbes include AM General, Deluxe Entertainment Services Group Inc., Harland Clarke, Merisant, Revlon, Inc., Scantron, Scientific Games Corporation, SIGA Technologies, Inc., Valassis and vTv Therapeutics LLC.

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