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

Bill Ackman Likely to Face Trial on Allergan Insider-Trading Claims

Activist investor Bill Ackman and his estranged former collaborator in a 2014 hostile takeover bid for Botox-maker Allergan Inc. will likely face a jury trial next month over claims they engaged in insider trading. U.S. District Judge David Carter issued a ...
Posted: December 8, 2017, 12:33 pm

Activist investor Bill Ackman likely to face insider trading trial

Activist investor and high profile hedge fund manager Bill Ackman likely to face a jury trial over claims he engaged in insider trading. Christopher Goodney Activist investor Bill Ackman and his estranged former collaborator in a 2014 hostile takeover bid ...
Posted: December 10, 2017, 4:28 am

Bill Ackman Is Watching for These Six Washington Policies

From tax reform to shareholder proposals, a lot is going on on Capitol Hill and at the nation's securities regulator that will impact embattled billionaire Bill Ackman and other activist investors in the months to come. We took a look at the top six ...
Posted: November 29, 2017, 3:17 am
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