The yacht, called C2, has been listed by broker Burgess for 90 million euros, according to\u00a0Bloomberg<\/a>. It was built in 2009, sports 15 cabins, can accommodate 31 guests and and a crew of 27, and also has a swimming pool. If that wasn’t enough, it includes a retractable movie screen and “fold out balconies” that flank both sides of a “beach club”.<\/p>\n As they did last month, his spokespeople declined to comment on the listing.<\/p>\n Recall, we\u00a0wrote<\/a>\u00a0last month that Perelman was in the process of\u00a0selling his Gulfstream 650 and “crates” of his artwork<\/strong>. We noted he had\u00a0already sold his stake in AM General, sold a flavorings company he has owned for decades and had\u00a0hired banks to sell stock he owns in other companies.<\/p>\n Among the art he was selling was Jasper Johns\u2019s \u201c0 Through 9,\u201d worth about $70 million, Gerhard Richter\u2019s \u201cZwei Kerzen (Two Candles),\u201d worth about $50 million and Cy Twombly\u2019s \u201cLeaving Paphos Ringed with Waves,\u201d which is worth about $20 million.<\/p>\n Art adviser Wendy Goldsmith said back in September:\u00a0\u201cWhat he\u2019s selling is as blue chip as it gets.”<\/strong><\/p>\n Perelman has been under pressure due to his crashing stake in Revlon. He\u00a0has seen his fortune drop from $19 billion to just $4.2 billion over the last two years, according to the\u00a0Bloomberg Billionaire’s Index<\/a>. His investment company, MacAndrews & Forbes, said it needed to “rework its holdings” back in July due to the pandemic.<\/p>\n As we noted in September, that “reworking” looked\u00a0more like a fire sale of – well –\u00a0everything<\/em>.<\/strong><\/p>\n Perelman said publicly: \u201cWe quickly took significant steps to react to the unprecedented economic environment that we were facing. I have been very public about my intention to reduce leverage, streamline operations, sell some assets and convert those assets to cash in order to seek new investment opportunities and that is exactly what we are doing.\u201d<\/p>\n He continued: \u201cI realized that for far too long, I have been holding onto too many things that I don\u2019t use or even want. I concluded that it\u2019s time for me to clean house, simplify and give others the chance to enjoy some of the beautiful things that I\u2019ve acquired just as I have for decades.\u201d<\/p>\n A friend of Perelman’s, Graydon Carter, told Bloomberg in September: \u201cOften when people say this sort of thing, it\u2019s masking something else. In Ronald\u2019s case, it\u2019s true. He has learned to love and appreciate the bourgeois comforts of family and home.\u201d He described Perelman as “crazy about spending time at home”.<\/p>\n Some of his sales will go to pay down loans from Citigroup, though Perelman’s spokesman says they are not “forced sales”<\/strong>. She also denied Perelman is selling his 57 acre estate in the Hamptons.<\/p>\n Perelman is best known being a fearless financial engineer in the 1980’s and 1990’s. Ken Moelis said of Perelman’s track record: \u201cHe was imaginative, aggressive and innovative in ways that changed the financial landscape.\u201d<\/p>\n But the $1.74 billion valuation Revlon had back in the 1980’s when he purchased it has plunged to $279 million. It was $365 million when we wrote about Perelman in September.<\/strong><\/p>\n Perelman loved the business and said it “defined him”. He had offered it several loans and had catalyzed several executive changes to try and keep the business afloat. Revlon is now losing to smaller cosmetic shops that advertise through social media – while dealing with the effects of Covid.<\/p>\n![\"\"](\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/uh_0.jpg?itok=ifeJ6jN9)
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