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Ron Perelman is Actually Trading In His Old Yacht for a New One

Published January 7, 2009, 12:50 pm, The New York Observer

This morning, we put up a post about how billionaires like Carl Icahn and Ron Perelman are selling off their megayachts, while others, like Paul Allen , are continuing to spend as much as $384,000 a week on the upkeep of theirs. This afternoon, the Daily Transom received a phone call with a clarification and update. Apparently Mr. Perelman's sale of his Ultima III , was not due to ...

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