Bill Ackman Net Worth, Salary, Height, Weight, Wife, Kids, Career and Houses
Bill Ackman Net Worth: William Albert Ackman, better known by his stage name Bill Ackman, is a well-known investor, philanthropist, and hedge fund manager. He founded Pershing Square Capital Management in 2004 and serves as its CEO. Bill Ackman worked as an analyst at Gotham Partners, an investment firm, from 1992 until 1995, when he founded Pershing Square.
Early Life
The real estate financing company Ackman-Ziff Real Estate Group’s former chairman Lawrence and his wife Ronnie welcomed William Ackman into the world on May 11, 1966 in Chappaqua, New York. His ancestors were Jewish. Ackman continued his studies at Harvard College, where he earned a social studies degree in 1988 with honors. After graduating from Harvard Business School in 1992 with an MBA, he continued his education.
Height and Weight
Ackman weighs about 165 pounds and is about five feet nine inches tall. Put another way, he weighs about 75 kg and stands 175 centimeters tall.
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Wife and Children
In 1994, landscape architect Karen Herskovitz became the first wife of Bill Ackman. After having three kids together, they finally got divorced in 2018. Ackman wed designer and MIT professor Neri Oxman early the next year; the two are parents to a child.
Career
Gotham Partners was founded by David P. Berkowitz and Bill Ackman. Gotham invested in the same listed businesses. $500 million worth of assets were under management at Gotham by 1998. The fund closed in 2002 following ten years of operation, as a result of an open challenge from outside investors.
Using his money, he established Pershing Square Capital Management in 2004. He had $54 million when he first started. Pershing Square Capital successfully pushed Wendy’s International to sell the Tim Hortons doughnut chain after purchasing a sizeable stake in the fast-food company in 2005.
Net Worth and Salary
Bill Ackman is among the top 1,000 richest people in the world with a net worth of an astounding $4.2 billion. His wealth is evidence of the wise investments he made, from the profitable MBIA short to negotiating the difficulties of the COVID-19 market collapse. Ackman is regarded as the highest-paid executive in the financial industry. His annual fixed salary as CEO is about $60 million, which is evidence of his exceptional leadership and skill at investment management.
Because of his talent, Ackman receives an annual performance bonus in addition to his salary. The amount of this bonus depends on how well he meets specific objectives that the board of directors of the company has set. Ackman has received an additional $30 million for his outstanding work over the last year. In general, Bill Ackman’s pay plan is commensurate with his accomplishments and background as a prominent figure in the financial sector.
Income Source
Bill Ackman is a senior investor and manager of hedge funds. His role in his company provides him with a significant portion of his total wealth. In addition to being a stock market earner, he is also an activist investor.
Bill Ackman has received a lot of criticism, but it appears that he made the right choices for his company and stock business. By now, you should have a good understanding of Bill Ackman’s net worth and his journey to his current status.
Houses
Bill spends his workdays in his $20 million, 3,000-square-foot penthouse in New York. Ackman also spends his weekends in a lavish mansion in California. Bill paid $46 million for a 200-acre California property that included a basketball court, three pools, and a golf course.
Conclusion
Bill Ackman is a controversial figure on Wall Street despite becoming a billionaire due to his extraordinary success as an activist hedge fund manager. Notwithstanding his critics’ accusations that he can be harsh and arrogant, his track record shows that he can spot potential in faltering businesses. Ackman’s advocacy for change and high-profile positions have demonstrated that shareholder activism is a useful tactic for maximizing value.
