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Ronald Perelman learned much about investing in businesses from his father, in whose footsteps he followed, attending the Wharton School at Penn. He made his first million-dollar deal while still in college, partnering with his father. After working under his father for more than a decade after graduating college, he struck out on his own in 1978, first acquiring Hatfield Jewelers, and soon after a distributor of licorice extract and chocolate called MacAndrews & Forbes.

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