Who is Bill Ackman?
Bill Ackman is a big name in the business industry. He is a professional hedge fund manager, investor, and philanthropist. He currently runs Pershing Square Capital Management as a founder and CEO. Bill is referred to as a contrarian investor; however, he considers himself an activist investor.
|Birth Name||William Albert Ackman|
|Born||11th of May, 1966|
|Father||Lawrence David Ackman|
|Mother||Ronnie l. Posner|
|Wives||Karen Ann Herskovitz
|Net Worth||$1.6 billion|
Bill Ackman was born on the 11th of May, 1966 under the name William Albert Ackman in Chappaqua, New York. He is the son of Ronnie l. Posner and Lawrence David Ackman. Lawrence is the chairman of a New York real estate financing firm named Ackman-Ziff Real Estate Group. The details about his siblings are unknown.
Physical Statistics (Height and Weight)
Bill belongs to white ethnicity and has American citizenship. Furthermore, he follows the Christian religion. Standing at the height of 1.8 meters and weighing around 75 kilograms, he has been able to maintain his body fit and healthy. Additionally, his beautiful pair of green eyes with silver hair reflects his fantastic personality. He has the star sign of Taurus.
Talking about his educational qualifications, the details about his high school education is still unknown. However, he attended Harvard College and graduated with a Magna cum Claude degree in history. He then attended Harvard business school and graduated with an MBA degree in 1992.
Dating and Marriage ( Bill Ackman Wife and Kids)
The dating news of Bill ahead of his first marriage is unknown to the public. He married Karen Ann Herskovitz on the 10th of July, 1994. Karen is a landscape architect. The couple has three children together. However, the couple divorced in December of 2016. He then met Neri Oxman, a professor at MIT’s Media Lab, and engaged her in 2018. The couple married in January of 2019. They have a child together.
Bill Ackman is not so active on social media. His Twitter id is @BillAckman. He has more than 61.2k followers on Twitter. He doesn’t have an Instagram account. The website of his fund is pershingsquarecapital.com
The Career of Bill Ackman
Bill started his investing career by opening Gotham Partners, an investment firm with David P. Berkowitz in 1992. This firm was responsible for investing in small public companies. Similarly, Bill became a partner with the Leucadia National, an insurance and real estate firm, and bid for Rockefeller Center, a complex in Midtown Manhattan. They did not win the deal; however, Bill gained from this partnership and bidding as people recognized his firm Gotham Partners.
Bill started a company named Pershing Square Capital Management in 2004 with $54 million investments himself and some from Leucadia National, his previous business partner. The very next year, he bought a considerable amount of share in fast-food chain Wendy’s International. Furthermore, he also pressured the people of the company to sell it to Tim Hortons doughnut chain. Later, Bill Ackman sold his shares with profit, which caused a collapse in the stock price. In 2007, he owned a 10% stake in Target Corporation, and three years later, he held a 38% stake in Borders Group.
Later in 2012, Pershing Square Capital Management launched Pershing Square Holdings, a closed-end fund. This fund was able to raise $3 billion in the stock market. Bill then started to buy shares of J.C. Penney since 2010. However, he got in an argument with some board members of the company and left the position.
In August of 2013, Pershing Square announced they hired Citigroup to liquidate 39.1 million shares. Ackman became one of the world’s top 20 hedge fund managers named by LCH Investments in January of 2015. He was named after the company Pershing Square delivered $4.5 billion in net gains for investors a year before.
During the coronavirus pandemic, he turned the $27 million bet into a $2.6 billion windfall. Although the stock markets were going down due to the economic downturn, he gained huge profits through credit protection on investment-grade and high-yield bond indexes.
In March of 2020, Bill Ackman came into the headlines turning a $27 million position into $2.6 billion, through credit protection assets, in the series of trades designed to hedge a portfolio of Pershing Square. Where the market was going down because of the COVID-19 pandemic, he made a considerable profit.
Bill Ackman Net Worth
Bill Ackman is a huge investor who deals with billions of money every day. His net worth is estimated to be around $1.09 billion in 2018, according to Forbes. He earns money through his investments and stock markets. This price raised to $1.6 billion net worth in 2020.
Ackman contributed $6.8 million to the Center for Jewish History. This was one of the 3 most considerable contributions the Center for Jewish History ever received. Furthermore, Bill also donated around $1.1 million to the Innocence Project. He gave the same amount to Centurion Ministries as well. He is a giving person who has decided to offer 50% of his wealth to charity. His firm Pershing Square Foundation hence donates money to Planned Parenthood.