Bill Ackman Net Worth In 2023, Gotham Partners, Pershing Square Capital Management and More

Bill Ackman Net Worth: As you all know Bill Ackman is a well-known American businessman who runs a hedge fund and has earned a huge net worth throughout his career. He made most of his wealth as the founder and CEO of Pershing Square Capital Management LP. Ackman has been in the business world for some time now and he has previously co-founded the investment firm Gotham Partners. In this article we will discuss everything we know about Bill Ackman Net Worth.

Bill Ackman Net Worth

Bill Ackman is an American who runs a hedge fund and gives money to charity. He is worth $3.4 billion. He is also known as William Ackman. He made his money as the founder and CEO of Pershing Square Capital Management LP. Bill’s activist campaigns against Wendy’s and, most notably, Herbalife have both been orchestrated through the investment firm Pershing. Ackman has been in the business world for some time now, and he has previously co-founded the investment firm Gotham Partners.

Early Life and Education

William Ackman was born in Chappaqua, New York, on May 11, 1966. His father, Lawrence, was the former chairman of the real estate financing company Ackman-Ziff Real Estate Group, and his mother, Ronnie, was a teacher. He comes from a line of Jewish ancestors. Ackman received his bachelor’s degree in social studies from Harvard University with the highest honours in 1988. Soon after, he enrolled at Harvard Business School and graduated with an MBA in 1992. You may also read Darren Sharper Net Worth.

Gotham Partners

Following graduation, Ackman and fellow Harvard alum David P. Berkowitz established the investment firm Gotham Partners. Investors started taking notice of the company quickly, and by the late 1990s, it was managing $500 million. By 2002, however, Gotham was embroiled in lawsuits with a wide range of third-party shareholders who held stakes in the companies in which Gotham had invested. In the later years of the financial crisis, between 2007 and 2008, Ackman made a fortune off of credit default swaps he had purchased and resold against MBIA’s corporate debt. You can also go through Fernando Torres Net Worth.

Pershing Square Capital Management

Pershing Square Capital Management, a hedge fund management firm, was founded by Ackman in 2004 with over $50 million of his own money. By 2014, the company had amassed a lifetime profit of $11.6 billion. Pershing has made sizeable stock purchases in many well-known corporations, including Wendy’s, Target, GGP, JCP, P&G, and Chipotle. In addition, it acquired a 9% stake in Valeant Pharmaceuticals International, which it later sold for $4 billion below its purchase price due to the latter company’s drug pricing and operations scandals.

In 2021, Pershing bought about 10 per cent of Universal Music Group’s stock. Pershing invested $1.1 billion the following year in Netflix, but it all got sold off in April of that year when the company’s stock dropped 35%. As a result, Pershing lost more than $430 million. You can also look at Phyllis Diller Net Worth.

Herbalife Gamble

Late in 2012, Ackman published a report calling the nutrition marketing company Herbalife a “pyramid scheme” because of its business model. Herbalife’s stock price dropped because of $1 billion in short sales by the investment firm Pershing. Ackman spent $50 million on an activist campaign to hurt Herbalife’s stock price in 2014. The following day, Carl Icahn, one of Herbalife’s rival investors, bet $1 billion that the company’s share price would increase. One alternative name for this move is a “short squeeze.”

In 2014, the FTC and the FBI began looking into Herbalife because of Ackman’s tireless activist campaign. Following this, the FBI and the US attorney’s office in Manhattan began looking into Ackman’s activities the following year. A settlement was reached between Herbalife and the FTC in the summer of 2016. You can also read Gloria Steinem Net Worth.

The documentary “Betting on Zero,” released in 2016, is about his fight against the company. When Herbalife’s stock price continued to rise at the beginning of 2018, Ackman withdrew his nearly $1 billion bet against the company. Ackman lost $500 million on the Herbalife investment.

bill ackman net worth
bill ackman net worth


Pershing Square Tontine Holdings

Ackman took his blank check company, Pershing Square Tontine Holdings, public in 2020 with an initial public offering (IPO) valuation of $4 billion. As soon as an acquisition target is identified, the company’s Tontine structure provides shareholders with incentives to keep their shares through the merger. Bill Ackman net worth increased due to Pershing Square Tontine Holdings.


Ackman has contributed significantly to philanthropic causes in addition to his business investments and financial management activities. One of the largest single gifts ever given to the Center for Jewish History, he gave nearly $7 million. Through the Pershing Square Foundation, which Ackman co-founded in 2006 to promote creativity in the fields of education, healthcare, and city and economic development, Ackman has contributed significantly to each of these areas. The Foundation has made sizable contributions to causes and groups like the Innocence Project, Centurion Ministries, and Planned Parenthood.

Personal Life

Architect and landscape designer Karen Herskovitz became Bill Ackman’s first wife in 1994. After three children together, they split up in 2018. Ackman married MIT professor and designer Neri Oxman at the beginning of the following year; they now have a child together.

Real Estate

Bill purchased a waterfront mansion in Bridgehampton for $22 million in 2011. They spent $23.5 million on a nearby six-acre plot back in 2015.

Bill bought the One57 penthouse at 157 West 57th Street in New York City for $91.5 million in 2015.

Bill purchased the 13-room penthouse at 6-16 West 77th Street in New York City for $22.5 million in 2018. The author Nancy Friday lived in the unit for four decades until her death in 2017, during which time it had been transformed from its original configuration as four separate apartments into a single larger one on floors 16 and 17. Soon after purchasing the penthouse, Ackman applied to the municipality for permission to construct a two-story glass cube on the roof. He was granted permission in May of 2022. There were numerous letters written both in favour of and against the proposal to the city building commission.

To sum up, it is clear that we have talked about Bill Ackman Net Worth. The American businessman has made his wealth through various sources. If you would like to know more content, please visit our website

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