Bill Ackman is most known for creating and leading Pershing Square Capital Management, an American hedge fund. Bill Ackman has a $3.2 billion net worth.
| Full NameĀ Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā | William Albert Ackman |
| Birth DateĀ | May 11, 1966Ā |
| Birth Place | Chappaqua, New York, USA |
| Source of Wealth | CEO / Investor |
| Relationship Status | Married To Neri Oxman |
| Height | 5 ft. 9 in. / 175 cm. |
| Net Worth | $3.2 Billion |
Early Life
Lawrence David and Ronnie (nƩe Posner) Ackman gave birth to William Albert Ackman in Chappaqua, New York, in May 1966. His father is the CEO of the Ackman-Ziff Real Estate Group, a real estate finance organization. Meanwhile, he is Jewish and has a sister named Jeanne.
In 1988, Ackman earned a Bachelor of Arts in social studies from Harvard College with honors. His thesis was titled “Scaling the Ivy Wall: the Jewish and Asian American Experience in Harvard Admissions,” which was an interesting choice.
He earned his MBA four years later from Harvard Business School. Then, with one of his fellow grads, Ackman established the investment company Gotham Partners. Investor Bill Ackman watches Emma Raducanu of the United Kingdom portray Maria Sakkari.
Bill Ackman Net Worth and Career
Gotham had already accumulated $500 million in assets by 1998. (AUM). During the financial crisis of 2007-08, Ackman earned a fortune by purchasing credit default swaps against MBIA corporate debt and then selling them for a large profit. Notably, Ackman previously won a $4.5 million lawsuit against Carl Icahn, plus 9% interest. Pershing Square Capital Management was founded by the billionaire and his former business partner, Leucadia National, in 2004 with $54 million in personal money.
His most significant financial maneuvers since then have included owning a 10% investment in Target Corporation, a 38% share in Borders Group, and a $900 million takeover of Barnes & Noble. Ackman had a net worth of $1.9 billion in 2020, according to Forbes Magazine. The next year, Institutional Investor reported that he made $1.4 billion. By hedging Pershing Square holdings, Ackman forecasted the 2020 stock market meltdown. He was putting $27 million on the line by doing so. The hedge was a huge success, bringing in $2.6 billion in less than a month.
On April 13th, I gave a presentation https://t.co/vFMEGUTMxi to the @federalreserve on rates, inflation, and the economy and made the case for aggressive tightening of monetary policy.
ā Bill Ackman (@BillAckman) May 17, 2022
Ackman recently stated that Pershing Square has purchased a $1.1 billion position in Netflix after the company’s stock dropped 30% after a dismal subscriber growth forecast for the first quarter of 2022. Ackman has expressed his respect for short-sellers such as Muddy Waters Capital’s Carson Block and Citron Research’s Andrew Left throughout the years.
Philanthropy
Ackman is well-known for his charity contributions. The Pershing Square Foundation was established by him and his then-wife Karen in 2006. Since its inception, the organization has received almost $400 million in donations. In addition, he joined The Giving Pledge, pledging to donate at least half of his fortune to charity.
Personal Life
Karen Ann Herskovitz, a landscape architect, was the hedge fund manager’s first wife, whom he married in July 1994. After having three children together, Eloise, Lucy, and Liza, they would divorce after more than 20 years. In 2018, Ackman married Neri Oxman, an MIT professor, and an AmericanāIsraeli designer. They married in January 2019 at Manhattan’s Central Synagogue and had a kid the following spring.
Bill Ackman Net Worth
Bill Ackman has a net worth of $3.2 billion at the moment. His Pershing Square Capital Management business accounts for the bulk of his wealth. Despite having lost $1.1 billion in 2018-19, Ackman has miraculously recovered. His Pershing Square Tontine Holdings, Ltd filed for the largest-ever blank-check firm IPO in 2020, bringing his net worth to $3 billion. He is the proud owner of a $54.5 million Gulfstream G550 corporate aircraft.
Frequently Asked Questions about Bill Ackman
Bill Ackman is how old?
Every year on May 11th, the investor observes his birthday. Ackman will be 56 in the spring of 2022, having been born in 1966.
How tall is Bill Ackman?
According to reports, Ackman is 5’9″ tall and weighs 165 pounds. He is 175 cm tall and weighs approximately 75 kilos.
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