Bill Ackman Net Worth 2022

Bill Ackman Net Worth 2022

Bill Ackman Net Worth 2022

Net Worth $3.2 Billion
Date Of Birth May 11, 1966
Place Of Birth New York, United States
Profession Businessman, Investor
Education Harvard Business School, Harvard College, Harvard University
Nationality American
Spouse Karen Ann Herskovitz (m. 1994)
Parents Lawrence Ackman, Ronnie I. Ackman
Siblings Jeanne Ackman
Nicknames William A. Ackman , Bill Ackman , William Ackman
Nominations News & Documentary Emmy Award for Outstanding Arts and Culture Programming

$3.2 Billion William Ackman Net Worth 2022:


Bill Ackman Net Worth 2022:

Bill Ackman is a philanthropist and hedge fund manager with a net worth of $3.2 billion. He is best known as the founder and CEO of Pershing Square Capital Management LP, also known as William Ackman (a hedge fund management company).

On May 11, 1966, William Ackman was born. He is the son of Lawrence David Ackman, the chairman of the Ackman-Ziff Real Estate Group in New York. In 1988, Bill graduated from Harvard College with a B.A. and a magna cum laude. He received his MBA from Harvard Business School in 1992.

Bill Ackman co-founded the investment firm Gotham Partners with a fellow Harvard graduate in 1992. Gotham made a few small investments in publicly traded companies. Ackman founded Pershing Square Capital Management in 2004. In 2005, Pershing purchased a significant stake in Wendy’s and successfully pressured Wendy’s to sell its Tim Hortons doughnut chain.

Wendy’s spun off Tim Hortons in 2006, raising $670 million for Wendy’s investors. The stock price plummeted after Ackman sold his shares for a large profit, raising concerns that the sale of Wendy’s fastest-growing unit had left the company in a weaker market position.

Ackman blamed the company’s poor performance on its new CEO. Ackman’s funds later acquired stakes in Target Corporation, Borders Group, and other companies. Ackman’s infamous battle with the MBIA (Municipal Bond Insurance Association), which began in 1992, was documented in the book Confidence Game, written by Bloomberg News reporter Christine Richard.


Bill Ackman Net Worth 2022 is Estimated to be $3.2 Billion

Ackman attended Harvard College and earned a magna cum laude degree in history. He continued his education at Harvard Business School, where he earned an MBA in 1992.

In the same year, Bill co-founded Gotham Partners with David P. Berkowitz, which made minor investments in publicly traded companies. Three years later, he teamed up with the firm Leucadia National to compete for Rockefeller Center. They did not win the deal, but a large number of investors began to flock to Gotham Partners, increasing its assets and significantly increasing his net worth.

In 2002, Bill began winding down Gotham Partners, which received a lot of litigation from various shareholders; however, an investigation revealed that the company was not engaging in any illegal trading practices. His practice and firm expanded, and he was eventually named one of the top 20 hedge fund managers in 2015.

Throughout his career, he has undertaken notable endeavors such as challenging MBIA’s AAA rating while an investigation into his trading was ongoing. He purchased credit default swaps against MBIA corporate debt, and when the company failed during the 2008 financial crisis, he sold them for a large profit.

He also had a feud with Carl Icahn over a deal with Hallwood Realty – they agreed to split profits after a profit, which resulted in Icahn owing Bill $4.5 million. He also founded Pershing Square Capital Management, which acquired a significant stake in Wendy’s International and later acquired a 10% stake in Target Corporation. He also prevailed in a shareholder proxy fight for Canadian Pacific Railway.

Ackman then purchased JC Penney stock, but his plans for the department store were thwarted after an argument with fellow board members, causing Pershing to lose a significant amount of money. He had a stake in Valeant Pharmaceuticals in 2016, which he sold the following year for approximately $300 million. He also owns 9.9 percent of Chipotle Mexican Grill.

Bill has been married to landscape architect Karen Ann Herskovitz since 1994, and they have three children, but it has been reported that they divorced in late 2016. Ackman has donated to the Center for Jewish History, among other charities. He also made a $1.1 million donation to the Innocence Project and raised funds for the Challenged Athletes Foundation.


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