Once hailed 'America's richest man,' he's now raising cash by selling his jet, 257-foot yacht, art..

[Roland99]

Once hailed as ‘America’s richest man,’ he’s now raising cash by selling his jet, 257-foot yacht and loads of art
https://www.marketwatch.com/story/once-hailed-as-americas-richest-man-hes-now-raising-cash-by-selling-his-private-jet-257-foot-yacht-and-loads-of-art-11600655045

‘I realized that for far too long, I have been holding onto too many things that I don’t use or even want. I concluded that it’s time for me to clean house, simplify and give others the chance to enjoy some of the beautiful things that I’ve acquired just as I have for decades.’

“Often when people say this sort of thing, it’s masking something else. In Ronald’s case, it’s true,” Graydon Carter, the former editor of Vanity Fair who’s know Perelman for three decades, told Bloomberg. “He has learned to love and appreciate the bourgeois comforts of family and home.”

...

But Richard Hack, the author behind a 1996 biography of Perelman, isn’t buying it.

“If you want a simpler life, you go buy a farm in Oklahoma, not sell a painting out of your townhouse in Manhattan,” he told Bloomberg. “If he’s selling his art, it’s because he needs cash.”

Where's my violin?

[LiberalArkie]

1. Or he is converting things into hard currency.

[delisen]

2. Signal that art.yacht and private jet markets to crash

and liquid assets are in.

Rich man not donating the art to museums?

[Mopar151]

3. Cutting down on the overhead!

Yauchts, and jet planes, have very high "cost of ownership". High end art costs for security/insurance to keep around. If they don't make you happy anymore, sell 'em!

[Backseat Driver]

4. Got caught in the FinCEN Ponzi caper?

[crickets]

5. Preparing for the crash. nt