William Ackman (2024)

FAQs

Is Bill Ackman liberal or conservative? ›

Ackman supported the Democratic Party and endorsed Dean Phillips for the 2024 presidential primaries. Ackman endorsed Michael Bloomberg as a prospective candidate for President of the United States in the 2016 presidential election.

In that post, he said he had concluded “that DEI was not about diversity in its purest form, but rather DEI was a political advocacy movement on behalf of certain groups.”

The greatest bet of Ackman's career, and arguably one of the best hedge fund trades of all time, was Pershing Square's turnaround of troubled mall operator General Growth Properties from the brink of bankruptcy, netted the hedge fund a whopping $1.6 billion return on a $60 million investment.

Real Time Net Worth

Bill Ackman founded and runs Pershing Square Capital Management, a hedge fund with $16 billion in assets under management. Ackman created Pershing Square in 2004 and rose to fame for his short of bond insurer MBIA and his rescue of mall operator General Growth.

On May 12, Bill Ackman (Trades, Portfolio) of Pershing Square Holdings Ltd. announced he had sold his stake in Starbucks Corp. (NASDAQ:SBUX) and invested in Domino's Pizza Inc. (NYSE:DPZ).

Gay's resignation came after months of pressure from Harvard alumnus and hedge fund billionaire Bill Ackman, who then took to X on Thursday to publish a more than 4,000-word essay largely railing against the idea of DEI and writing “DEI is racist” given the alleged disadvantages such measures provide to “white people.”

Overall, Lowe's appears to be exactly the kind of dominant business with long-term growth potential that attracts Bill Ackman's investment team.

Meanwhile, Ackman has lost close to $1 billion on Herbalife. In this billionaire brawl, Icahn clearly came out the winner—at least in this round.

Starting his career in real estate before founding Gotham Partners and later Pershing Square in November 2003, Ackman focuses on acquiring stakes in undervalued companies and pushing for strategic changes to unlock shareholder value.

Does Jim Cramer recommend Bitcoin? ›

Cramer said he's not necessarily against investing in Bitcoin, but warned investors to know the risks before buying.

The bestselling author and founder of Ramsey Solutions is decidedly against the idea of investing in cryptocurrency. Ramsey and his team see crypto as a flat-out speculation, nothing more, and one that carries enough volatility that it could prove extremely damaging to your portfolio.

About This Product. This case describes how hedge fund activist Bill Ackman took a $1 billion short position on the shares of the nutrition company Herbalife. Ackman is convinced that Herbalife's business model is essentially a pyramid scheme, rendering it unsustainable as well as illegal.

Ackman's a “value investor”: he looks for good, hard-to-compete-with companies that he thinks the market's underestimating. He then holds on to investments in those firms while they grow in value.

In 2019, she married investor and hedge fund manager Bill Ackman, with whom she has a daughter.