Billionaire businessman Ronald Perelman has given $50 million to a New York hospital.
The New York-Presbyterian Hospital/Weill Cornell Medical Center announced the gift in a news release last week.
The gift will be used to establish the Ronald O. Perelman Heart Institute, which will support research and clinical care initiatives.Perelman, the chairman of MacAndrews & Forbes Holdings, is worth an estimated $10 billion.
He was born into a Conservative Jewish family but now belongs to an Orthodox synagogue. He keeps kosher and observes the Sabbath, according to the book "Stars of David."
Perelman has given extensively to higher education, including a $4.7 million to Princeton University to create the Ronald Perelman Institute for Jewish Studies. He also has given to Chabad.