Bill Ackman Net Worth: $2.5 Billion (approx.)
| Net Worth: | $2.5 Billion (approx.) |
| Date of Birth: | May 11, 1966 |
| Age: | 56 years |
| Profession: | Investor, Film Producer |
| Nationality: | United States of America |
Bill Ackman net worth is around $2.5 billion. Bill Ackman is a famous hedge fund manager and philanthropist.
Bill Ackman is Also known as William Ackman. Bill Ackman is well known as the founder and CEO of Pershing Square Capital Management LP (a hedge fund management company).
Bill Ackman Biography:
| Born | May 11, 1966 (age 56) |
|---|---|
| Nationality | American |
| Alma mater | Harvard College (BA) Harvard Business School (MBA) |
| Occupation | Hedge fund manager |
| Employer | Pershing Square Capital Management |
| Title | CEO |
| Spouse(s) | Karen Herskovitz(m. 1994; div. 2018) Neri Oxman (m. 2019) |
| Children | 4 |
| Website | pershingsquarecapital.com |
William Ackman was born on May 11, 1966. Bill Ackman is the son of Lawrence David Ackman, the chairman of a New York real estate financing firm, Ackman-Ziff Real Estate Group. Bill Ackman received a B.A. degree and graduated magna cum laude from Harvard College in 1988. Bill Ackman subsequently earned an MBA from Harvard Business School in 1992.
In 1992, Bill Ackman founded the investment firm Gotham Partners, along with a fellow Harvard graduate. Gotham made small investments in public companies.The firm made small investments in public companies.
In 1995, Bill Ackman partnered with the insurance and real estate firm Leucadia National to bid for Rockefeller Center. Although they did not win the deal, the bid generated interest in Gotham from investors. Three years later, Bill Ackman had $500 million in assets under management (AUM).By 2002, Bill Ackman had become entrenched in litigation with various external shareholders who also owned an interest in the companies in which Gotham invested.
In 2004, Bill Ackman started Pershing Square Capital Management. In 2005, Pershing bought a significant share in the fast food chain, Wendy’s, and successfully pressured Wendy’s to sell its Tim Hortons doughnut chain.
Wendy’s spun off Tim Hortons through an IPO in 2006 and raised $670 million for Wendy’s investors. After Bill Ackman sold his shares at a substantial profit, the stock price collapsed, raising criticism that the sale of Wendy’s fastest-growing unit left the company in a weaker market position. Ackman blamed the poor performance on their new CEO.
Bill Ackman funds went on to own stakes in Target Corporation, Borders Group and others. Ackman’s notorious battle with the MBIA (Municipal Bond Insurance Association), which began in 1992, was documented in a book written by Bloomberg News reporter Christine Richard called Confidence Game.
More recently Bill Ackman has earned headlines for his criticism of Herbalife. Bill Ackman stance is that Herbalife is a pyramid scheme.
