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Barney's just declared bankruptcy. Meet the company's billionaire chairman, who was once considered one of Wall Street's most promising investors and owns at least 3 homes across the US.

Aug 8, 2019, 18:49 IST

Perry, 64, has an MBA from New York University's Stern School of Business, according to Forbes.

The couple owns a Manhattan penthouse, a house in the Hamptons, another house in Palm Beach, and a house in the French Riveria.

After a stint at Goldman Sachs' risk-arbitrage desk, Perry cofounded Perry Capital in 1988 with former Harvard Management Co. portfolio manager Paul Leff.

Activist investor Carl Icahn sued Perry's hedge fund in 2004, accusing the hedge fund of manipulating share prices during Ichan's takeover battles.

Perry Capital took control of Barneys New York in 2012.

Perry served as the chairman of Barney's board, and made mistakes that contributed to the store's financial troubles, the Wall Street Journal reported.

Perry Capital shut down in 2016, after several years of steep losses.

On August 6, 2019, Barney's filed for bankruptcy.

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