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

Ackman reticent on new investment

Bill Ackman hinted at a new investment in a call with investors Wednesday. “We’re not yet ready to disclose the company, but it certainly meets our standards,” the New York-based hedge funder said, ca...
Posted: August 16, 2018, 5:36 am

Ackman Has New Stake Worth $800 Million in Unidentified Company

Bill Ackman said Wednesday his Pershing Square Capital Management has a new undisclosed position valued at about $800 million in a company he didn’t identify. “We have a new investment, which we’ll no...
Posted: August 15, 2018, 10:54 am

Bill Ackman's Pershing Square cuts stake in ADP

Bill Ackman's Pershing Square Capital Management said in a Tuesday filing with the Securities and Exchange Commission that it has cut its position in Automatic Data Processing Inc. ADP, +0.93% to 4.2 ...
Posted: August 14, 2018, 2:16 pm
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