Reported 4 months ago
Bill Ackman's net worth has surged to $8 billion as investors back his plan to significantly grow Pershing Square Capital Management, making him one of the world's wealthiest individuals. A $1.05 billion investment for a 10% stake in Pershing Square has valued the firm at $10.5 billion, with expectations to increase assets to around $45 billion. This move places Ackman among the top 500 richest individuals globally, surpassing well-known financiers like Jon Gray and George Soros, and positions Pershing Square as one of the most highly valued hedge funds, rivaling firms like Renaissance Technologies and Elliott Management.
Source: YAHOO