Bill Ackman
William Albert Ackman is an American billionaire hedge fund manager, who is the founder and chief executive officer of Pershing Square Capital Management, a hedge fund management company. His investment approach has made him an activist investor. As of June 2024, Ackman's net worth was estimated at $9.3 billion by Forbes.
Some of the key events about Bill Ackman
- 1992Graduated magna cum laude from Harvard College with a B.A. in Social Studies
- 1992Co-founded investment firm Gotham Partners with fellow Harvard graduate David P. Berkowitz
- 2003Faced criticism for aggressive tactics in attempting to force changes at Wendy's International
- 2004Founded Pershing Square Capital Management, a hedge fund management company
- 2007Suffered significant losses from investments in Borders Group and Target Corporation
- 2010Donated $25 million to the Center for Jewish History in New York City
- 2011Launched a successful proxy contest to replace the board of Canadian Pacific Railway
- 2011Experienced a $1 billion loss on investment in J.C. Penney
- 2012Engaged in a public dispute with Carl Icahn over Herbalife, which led to substantial financial losses
- 2014Partnered with Valeant Pharmaceuticals in an attempted takeover of Allergan
- 2014Accused of market manipulation in relation to Allergan and Valeant Pharmaceuticals deal
- 2015Made a $3.3 billion profit from an investment in Allergan
- 2015Faced scrutiny for $3.3 billion investment loss in Valeant Pharmaceuticals
- 2017Resigned from the board of Valeant Pharmaceuticals amid controversy
- 2018Donated $25 million to Harvard University to support the renovation of Cumnock Hall
- 2018Closed Pershing Square Capital Management's London office after poor performance
- 2020Made a $2.6 billion profit from a hedge against the market crash caused by the COVID-19 pandemic
- 2020Criticized for profiting $2.6 billion from hedges against market crash during COVID-19 pandemic
- 2022Acquired a 9.5% stake in Netflix, becoming one of the company's largest shareholders
- 2022Faced backlash for comments on Twitter about bank runs during Silicon Valley Bank collapse
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
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