William Ackman Net Worth is
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William A. "Bill" Ackman (born May 11, 1966) is an American hedge fund manager and philanthropist. He is the founder and CEO of Pershing Square Capital Management LP, a hedge fund management company.


Ackman was raised in Chappaqua, New York, and is the son of Ronnie I. (nA(C)e Posner) and Lawrence David Ackman, the chairman of a New York real estate financing firm, Ackman-Ziff Real Estate Group. His family is Jewish. He received a Bachelor of Arts degree magna cum laude from Harvard College in 1988, and an MBA from Harvard Business School in 1992.
In 1992, Ackman founded with a fellow Harvard graduate the investment firm Gotham Partners, which made small investments in public companies. In 1995, Ackman's reputation was enhanced when he partnered with the insurance and real estate firm Leucadia National to bid for Rockefeller Center. Although they did not win the deal, the high-profile nature of the bid caused investors to flock to Gotham Partners growing it to $500 million in assets by 1998. In 2002, Ackman began winding down Gotham Partners which had become entrenched in litigation with various outside shareholders who also owned an interest in the same companies in which Gotham invested. A 2003 investigation of Gotham's trading practices by New York Attorney General Eliot Spitzer found no wrongdoing.
In August 2013, Ackmana??s two-year campaign to transform the department store J.C. Penney came to a sudden end after he decided to step down from the board following an argument with fellow board members.
In 2002 Ackman began research challenging MBIA's AAA rating despite an ongoing probe of his trading by New York State and federal authorities. He was charged the fees for copying 725,000 pages of statements regarding the financial services company in his law firm's compliance with a subpoena. Ackman has called for a division between MBIA's bond insurers' structured finance business and their municipal bond insurance side despite statements from t

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William Ackman Latest News

Look Who Won Lunch With Bill Ackman

Meet the high bidder for lunch with celebrity hedge fund manager Bill Ackman: Andrew Wilkinson, the founder of the tech holding company Tiny. Join us for a live conversation on the future of 401(k) pl...
Posted: November 13, 2018, 7:38 am

Bill Ackman closes on last apartment for his new $22.5M penthouse

Hedge fund billionaire Bill Ackman has just closed on the last of four apartments that make up his new $22.5 million penthouse off of Central Park West, according to city property records. The activis...
Posted: November 28, 2018, 10:44 am

Boutique PJT Partners adding headcount to its new activist defense unit

Activist defense has quietly become a bigger source of revenue for investment banks over the last few years as corporations are looking for help dealing with public campaigns from the likes of ...
Posted: December 12, 2018, 9:00 am
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