Story · Harvard University
The American Dream according to Bill Ackman
This Fortune profile examines billionaire investor Bill Ackman's career, his recent transformation of Pershing Square into a public company, and his growing influence as a culture-war combatant on X. It details his early wins as a short-seller (MBIA, Chipotle), his dramatic stumbles (Herbalife, Valeant), and his prescient bets during crises. The article highlights his advocacy for government-supported retirement accounts to restore faith in capitalism, his clashes with Harvard and NYC Mayor Zohran Mamdani, and his personal fitness regimen. It also notes a recent painful personal reminder that even powerful billionaires face uncontrollable events, hinting at a family crisis reshaping his legacy.
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