Bill Ackman Net Worth 2024: Forbes Insights on Portfolio, Salary, and the Political Power Play

In 2024, Bill’s net worth is $4 Billion. In this article, we will learn about Bill Ackman’s Net Worth 2024: Forbes Insights on Portfolio, Salary, and the Political Power Play.

Bill Ackman is an American billionaire hedge fund manager and the founder and CEO of Pershing Square Capital Management. He is known as an activist investor, and as of January 2024, his net worth was estimated at $4 billion by Forbes. In 2003, there was a dispute between Ackman and Carl Icahn regarding a deal with Hallwood Realty. They eventually reached an agreement where they would split the profits if Icahn sold the shares within three years and made a profit of 10% or more. Icahn paid $80 per share.

How Much is Bill Ackman Net Worth 2024?

Bill’s net worth in 2024 is $4 Billion. William Ackman had a privileged upbringing in New York, as the son of a commercial real estate mortgage broker. After completing his undergraduate studies at Harvard, he went on to earn an MBA from the same prestigious institution.

In 1992, Ackman started his first hedge fund, Gotham Partners, after completing his MBA. He and co-founder David Berkowitz raised $3 million to launch the fund, with nearly 90% of the investment coming from seven outside investors they had recruited. The two partners provided the remaining capital themselves.

In their early years in business, Ackman and Berkowitz were successful in generating double-digit returns, making them young stars of Wall Street. By the end of the decade, Gotham’s assets under management had grown to $568 billion.

Bill Ackman is a highly successful investor with a net worth of around $4 billion. By making smart trades, he has made his fortune through his hedge fund, Pershing Square Capital Management. Bill Ackman, a billionaire investor known for not investing heavily in tech stocks, has one notable exception in his Pershing Square portfolio. He recently revealed his favorite artificial intelligence (AI) stock, which he believes is a no-brainer buy for 2024. This stock is unlike the other tech stocks that Ackman typically avoids.

Bill Ackman is an American investor and CEO of Pershing Square Capital Management, which manages hedge funds. He earns an impressive $97 million salary annually. Ackman is well-known for shorting the Herbalife stock, which made headlines in the financial world.

According to sources familiar with the trade, Bill Ackman placed a bet against 30-year bonds using options, which enabled him to profit from a decrease in prices without the need to borrow or sell the underlying bonds. While the investor reportedly earned around $300 million from his market moves, he also paid out approximately $100 million in premiums to maintain his position.

Pershing Square’s $13 billion flagship fund has gained 11.6% in the year to October 17, thanks to the $200 million profit generated. The firm’s latest bet against US government debt was announced when 30-year Treasuries were yielding around 4.3%.

Bill Ackman Salary

The CEO of Pershing Square, Bill Ackman, receives an annual base salary of $60 million and is also eligible for a performance-based bonus. In the previous year, Ackman received a bonus of $30 million on top of his base salary.

In a recent report, it was revealed that the gains made by Ackman from his recent trade were much lower than the $2.3 billion he earned from another bond market short in 2020. The trade-in 2020 was primarily focused on two-year Treasuries and was entered into in December of that year, as a hedge for his stock portfolio which had fallen sharply during the bear market.

Although the profits from the bond trade did not fully offset losses in equities, Ackman still managed to make a profit of $2.6 billion from his early bets during the Covid-19 pandemic, where he predicted companies would struggle to pay their debts.

Bill Ackman Forbes Insights on Portfolio

Bill Ackman, the founder and manager of Pershing Square Capital Management, operates a hedge fund with $16 billion in assets under management. Ackman established Pershing Square in 2004 and became well-known for his short of bond insurer MBIA and his rescue of mall operator General Growth. Pershing Square’s stock portfolio is focused on only seven companies, including Chipotle, Hilton, and Google’s parent company Alphabet.

Ackman is an outspoken personality with over a million followers on X, where he frequently supports polarizing figures such as Vivek Ramaswamy and Robert F. Kennedy. He publicly pressured Harvard to remove President Claudine Gay from her position due to allegations of plagiarism and antisemitism, which resulted in her resignation in January 2024.

Bill Ackman Investment Method

William Ackman, an activist investor, believes that his most successful investments are ones that are considered controversial, and his first rule of activist investing is to make a bold call that nobody believes in.

Some of his most notable market plays include shorting MBIA’s bonds during the financial crisis of 2007-2008, his proxy fight with Canadian Pacific Railway, and his stakes in Target Corporation, Valeant Pharmaceuticals, and Chipotle Mexican Grill. From 2012 to 2018, Ackman held a US$1 billion short against the nutrition company Herbalife, which he described as a pyramid scheme designed by a multi-level marketing firm. His efforts were documented in the film Betting on Zero.

In 2015-2018, Ackman’s performance was weak, but in 2019, he made a comeback by going back to basics. He cut staff, ended investor visits, and focused on research. As a result, Pershing Square returned 58.1%, making it one of the top-performing hedge funds of the year. Ackman has expressed admiration for short sellers like Carson Block and Andrew Left.

Bill Ackman Wealth

Bill Ackman owns a penthouse in New York worth around $20 million. He uses this property on weekdays and goes to his extravagant estate in California during weekends. This estate spans 200 acres and features a golf course, three swimming pools, and a basketball court. Ackman invested a total of $46 million in this California residence.

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If the Democrat party wants to have a chance of putting up a candidate who can compete with Trump, it needs to quickly get behind a strong, credible contender for… https://t.co/Doh0B7EsJH

— Bill Ackman (@BillAckman) January 16, 2024

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