Bill Ackman’s Wealth Hits $8 Billion on Vision of Supersized Pershing
- He joins Bloomberg’s list of world’s 500 wealthiest people
- Pershing Square is now worth more than Elliott, Millennium
A group of investors betting Bill Ackman can massively scale his asset manager, Pershing Square Capital Management, have catapulted the hedge fund manager to the ranks of the world’s richest.
The $1.05 billion investment for 10% of Pershing Square means Ackman’s stake is worth more than $3.5 billion, according to the Bloomberg Billionaires Index, sending the investor’s net worth to $8 billion.