Wednesday, February 10, 2016

Perelmans' Ivy millions: Ray to Penn, Ron to Columbia

$100 milllion for Manhattanville business school

Perelmans' Ivy millions: Ray to Penn, Ron to Columbia


95-year-old Philadelphia M&A artist Ray Perelman may have renamed the University of Pennsylvania's nearly 250-year-old medical school for hmself with his $225 million gift two years ago. Son Ron (of Revlon, MacAndrews & Forbes, etc.) has picked alma mater Columbia as his Ivy League object of affection, coming across with $100 million for Columbia Business School's new Manhattanville campus in New York (for which Columbia has been fighting rival and neighborhood interests for years), to match KKR merger manic Henry Kravis' $100 million gift. 

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About this blog

PhillyDeals posts interviews, drafts and updates that Joseph N. DiStefano writes alongside his Sunday and Monday columns and ongoing articles about Philadelphia-area business.

DiStefano studied economics, history and a little engineering at Penn. He taught writing and research at St. Joe’s. He has written for the Inquirer since 1989, except when he left a few times to work at Bloomberg and elsewhere. He wrote the book Comcasted, and raised six kids with his wife, who is a saint.

Reach Joseph N. at, 215.854.5194, @PhillyJoeD. Read his blog posts at and his Inquirer columns at Bloomberg posts his items at NH BLG_PHILLYDEAL.

Reach Joseph N. at or 215 854 5194.

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