Bill Ackman is ranked as America’s 21st richest hedge fund manager with a current net worth of over $2 billion. He is ranked #391 on the Forbes 400 wealthy list.
Bill Ackman is a self-made billionaire through operating the hedge fund he founded in 2004, Pershing Square Capital Management. He rose to fame for his short position on bond insurer MBIA and his rescue of mall operator General Growth early on in his career.
He is primarily a contrarian trader and investor betting against companies by going short their stock when they are popular but ones he sees with flawed business models. He will also buy stocks when they are not popular when he sees potential unmonetized company value in their stock price. He considers himself an activist investor trying to create change through his vocal involvement with the companies he has investment positions in.
He became more famous when he was featured in the Netflix documentary “Betting on Zero” showing his public short bet on Herbalife.
Bill Ackman has had a lot of big wins and big losses in his professional investing and trading career most are very entertaining to watch play out in real time as a big win or a big loss.
Bill Ackman’s net worth has been over $2.6 billion at his peak but his fortune is closely tied to his hedge funds success in assets under management and quarterly returns.