Age, Biography and Wiki
Richard C. Perry is a hedge fund manager and the founder of Perry Capital, a New York-based investment firm. He was born on February 9, 1955 in the United States. He graduated from the University of Pennsylvania with a degree in economics and went on to earn an MBA from Harvard Business School. Perry began his career in the financial industry in 1982, when he joined Goldman Sachs as a vice president. He left Goldman Sachs in 1988 to found Perry Capital. Since then, Perry has been the firm's managing partner and chief investment officer. Perry is estimated to have a net worth of $2.5 billion, making him one of the wealthiest people in the United States. He is also a philanthropist and has donated to various causes, including education, health care, and the arts.
| Popular As | N/A |
| Occupation | Hedge fund manager |
| Age | 68 years old |
| Zodiac Sign | Aquarius |
| Born | 9 February, 1955 |
| Birthday | 9 February |
| Birthplace | N/A |
| Nationality | American |
We recommend you to check the complete list of Famous People born on 9 February. He is a member of famous with the age 68 years old group. He one of the Richest who was born in American.
Richard C. Perry Height, Weight & Measurements
At 68 years old, Richard C. Perry height not available right now. We will update Richard C. Perry's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
| Physical Status | |
|---|---|
| Height | Not Available |
| Weight | Not Available |
| Body Measurements | Not Available |
| Eye Color | Not Available |
| Hair Color | Not Available |
Who Is Richard C. Perry's Wife?
His wife is Lisa Rachel Newberger
| Family | |
|---|---|
| Parents | Merel Cayne Perry Arnold Bernard Perry |
| Wife | Lisa Rachel Newberger |
| Sibling | Not Available |
| Children | Not Available |
Richard C. Perry Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is Richard C. Perry worth at the age of 68 years old? Richard C. Perry’s income source is mostly from being a successful . He is from American. We have estimated Richard C. Perry's net worth , money, salary, income, and assets.
| Net Worth in 2023 | US$ 1.2 billion (2008) |
| Salary in 2023 | Under Review |
| Net Worth in 2022 | Pending |
| Salary in 2022 | Under Review |
| House | Not Available |
| Cars | Not Available |
| Source of Income |
Richard C. Perry Social Network
Timeline
Perry’s brother, David Perry, was the founder and CEO of TeamCo Advisors, a San Francisco based hedge fund advisor that announced its closure in 2017.
Perry Capital LLC was closed in 2016, and Perry sold his controlling interest in Barneys New York in August 2019.
From 2014, Perry Capital LLC became a major shareholder in the ailing Cooperative Bank in Manchester, UK, with a seat on the Board.
In May 2012, Perry's firm acquired ownership of Barneys. Perry was the store's biggest creditor and in the takeover reduced Barneys's $590 million debt to $50 million. Perry's firm gained three seats on the seven-member board of directors, including former majority owner Istithmar World, new investor Yucaipa Companies, and Barneys's current C.E.O. Mark Lee.
Perry is an ardent supporter of Democratic Party-associated causes, institutions, and people, including President Obama. Perry serves as a board member of the Israel Project and in 2010 co-hosted along with Seth Klarman an event for Ziad Asali, the founder and president of the American Task Force on Palestine.
Over the fund's first two decades, Perry posted an average return of 15 percent, peaking at $15.5 billion in assets in 2007. In September 2016, Perry announced he would be closing his hedge fund after assets under management fell 60% between late 2014 and 2016. In August 2019, Barneys New York was "sold for parts" to Authentic Brands Group and he ceased to be the company's majority owner.
In 2005, he was among the investors providing a loan of $512 million for Malcolm Glazer to purchase British football team Manchester United.
Perry's first major investment was Florists' Transworld Delivery (FTD), which Perry Capital acquired in 1994 for $130 million. Among his actions was installing Meg Whitman as the C.E.O. In 2004, he sold his stake in the company for $450 million.
He moved to the equity-arbitrage desk at Goldman Sachs run by Robert Rubin. During this time he was Rubin's teaching assistant at NYU Stern and even babysat Rubin's children. He eventually left to form Perry Capital in 1988.
In 1985, he married Lisa Rachel Newberger in Manhattan. They reside in a remodeled 17-room townhouse on New York City's Sutton Place. He purchased the property in 2000 for $10.9 million. The domicile is filled with some of the best examples of Pop art, which have inspired the clothing style of his wife. In November 2019, he put a residential property in Palm Beach, Florida up for sale, after purchasing it in May 2018 with his wife and remodeling it.
Richard Cayne Perry (born 1955) is an American hedge fund manager whose firm, Perry Capital LLC, has invested in several companies and, since 2012, owns a controlling interest in Barneys New York.
Perry was born the son of Merel (née Cayne) and Arnold Perry (1925–2001). He was raised in Chicago. His mother, who ran a small import business, is the sister of former Bear Stearns C.E.O. James Cayne; his father, Arnold, ran several firms including a book publisher and a business-machine company. He moved to Manhattan at the age of 10 and when he was 13, his parents divorced. He attended the Allen-Stevenson School all-boys' private grade school in Manhattan and then high school at the Milton Academy in Milton, Massachusetts, graduating in 1973. He attended the Wharton School of the University of Pennsylvania and graduated with a B.A. in 1977. While attending Penn, his father was able to secure him an internship at Goldman Sachs where he worked directly under one of its partners, L. Jay Tenenbaum. After graduation, he was hired by Goldman Sachs on an equity options trading desk. During this time, Perry earned a M.B.A. at night from NYU's Business School.
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