Bill Ackman is an American investor and hedge fund manager who is most well-known for establishing and leading the firm that bears his name, Pershing Square Capital Management.

Bill Ackman

The current value of Bill Ackman’s wealth is estimated to be $3.2 billion.

Bill Ackman: Biography: Wiki, Family and Career

William Albert Ackman was born in Chappaqua, New York, in May of 1966. His parents, Lawrence David and Ronnie (née Posner), were his parents. Ackman-Ziff Real Estate Group, a real estate finance company, is led by his father, who also serves as the company’s chairman.

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In the meanwhile, he is of Ashkenazi Jewish origin, and his only sibling is a sister named Jeanne.

Ackman received his Bachelor of Arts degree in social studies from Harvard College in 1988, where he also received his magna cum laude diploma. The title of his thesis, “Scaling the Ivy Wall: the Jewish and Asian American Experience in Harvard Admissions,” is rather interesting.

After another four years, he graduated with an MBA from the Harvard Business School. After that, Ackman began his career in the financial industry by co-founding the investment firm Gotham Partners with another of his classmates.

Bill Ackman Wealth and Professional Path

By the year 1998, Gotham was already managing assets worth a total of 500 million dollars (AUM). Ackman gained a significant amount of money during the economic crisis that occurred in 2007 and 2008 by purchasing credit default swaps against MBIA corporate debt and then selling those swaps for enormous profits.

It is important to note that Ackman once won a lawsuit against Carl Icahn for $4.5 million plus nine percent interest.

Pershing Square Capital Management was established in 2004 by the billionaire and his former business partner Leucadia National with personal funds totaling $54 million.

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Since that time, his most significant financial maneuvers have included buying out Barnes & Noble for $900 million, owning a 38 percent investment in Borders Group, and possessing a 10 percent stake in Target Corporation.

According to an article published in 2020 by Forbes Magazine, Ackman had a net worth of $1.9 billion. Then, Institutional Investor asserted that he amassed a total of almost $1.4 billion in profits for only that one year.

By hedging Pershing Square’s portfolio, Ackman, to everyone’s amazement, predicted that the stock market would fall in 2020. By doing so, he exposed himself to a potential loss of $27 million when he bought credit protection as insurance.

The hedge fund as a whole was extremely profitable, bringing in $2.6 billion in just more than a month’s time.

Ackman recently said that his investment firm, Pershing Square, has purchased a stake in Netflix for $1.1 billion. This news came shortly after Netflix’s stock price dropped by 30 percent in response to a poor subscriber growth estimate for the first quarter of 2022.

Ackman has not been shy about expressing his respect for short-sellers such as Carson Block of Muddy Waters Capital and Andrew Left of Citron Research during the course of their careers.


Ackman has, to his credit, been quite kind when it comes to contributing money to various philanthropic causes.

The Pershing Square Foundation was established by him and his then-wife Karen in the year 2006. Since it was started, the organization has contributed more than $400 million in the form of grants.

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In addition to this, he committed himself by signing The Giving Pledge, which requires him to donate at least half of his money to charitable causes.

The Wife of Bill Ackman

Initially, the hedge fund manager tied the knot with a landscape architect who went by the name Karen Ann Herskovitz in the month of July 1994. However, over 20 years later, after they had three children together—Eloise, Lucy, and Liza—they decided to end their marriage and become divorced.

In 2018, Ackman announced his engagement to Neri Oxman, who is an American–Israeli designer and lecturer at MIT. They wed in January 2019 at the Central Synagogue in Manhattan, and later that spring, they welcomed their first child into the world.

Bill Ackman Net Worth

At the moment, estimates place Bill Ackman’s wealth somewhere in the neighborhood of $3.2 billion. The vast majority of his wealth comes from running his business, which is called Pershing Square Capital Management. Unbelievably, Ackman was able to recover after seeing his net worth drop to 1.1 billion dollars in 2018-19.

His Pershing Square Tontine Holdings, Ltd. firm has filed $3 billion for the largest-ever blank-check company IPO ever, which contributes to his overall value. This IPO is scheduled to take place in 2020.

Notably, he owns a Gulfstream G550 business jet, which has a price tag of $54.5 million when fully outfitted.

By Bradford

Bradford is an entertainment afficionado, interested in all the latest goings on in the celebrity and tech world. He has been writing for years about celebrity net worth and more!