Bill Ackman net worth: How rich is the Trump ally and hedge fund manager?
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He commented on how the whole constellation of people around him seemed to be getting away with scams because they are useless and rich. He went on to quote the example of Bill Ackman, asking how some of the least impressive and most useless people become billionaires.
"How did Bill Ackman get $9 billion? Bill Ackman is well-connected and super aggressive that's it. But if you are accruing $9 billion just because you are willing to do anything? I don't know why we have to pretend that's good?" said Carlson while speaking to the attendees.
Carlson's bold claim reached Ackman who took to X to respond to Carlson's claim in a detailed 2000-word post, revealing he had never met Epstein in his life and his first wife had only met him once, even before he knew her.
What is Bill Ackman's net worth?
Image credits: Getty Images
The 59-year-old then went on to explain how he acquired his $9 billion in great detail. He walked through his start in business from college days, how his parents supported him with tuition fees and investments and his own actions that have contributed to his diverse portfolio amounting to $9 billion.
His initial investment in the Pershing Square funds has now increased 56 times due to compounding and is now worth about $2.5 billion. He also owns half of the Pershing Square Management Company and his interest in the company is worth about $6.5 billion today. Pershing Square is an American hedge fund owned by Ackman and established by him in 2003.
Ackman has also made private investments and is an active investor in various start-ups.
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He revealed in the X post how his original $2.5 million in Coupang, an e-commerce company became a billion dollars in 2021. Other companies that he has stakes in include Chipotle Mexican Grill worth $2.4 billion, Hilton Worldwide Holdings worth $1.9 billion, Restaurant Brands International worth $1.7 billion, Alphabet Inc.
worth $1.5 billion and $693 million, Howard Hughes Holdings worth $1.2 billion and Canadian Pacific Kansas City worth $1.2 billion.
"So, in short, I got a huge start with great parents, and a wonderful education paid for by mom and dad. Despite Tucker's statements to the contrary, there were no scams and a lot of useful activity behind the wealth I have created." added Ackman adding that Carlson owes him an apology and pointing out that "while useless billionaires are bad, harmful millionaires are definitely worse."
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