Can Bill Ackman Cash In on His Growing Fame?

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Betting on Ackman Bill Ackman has gained new prominence in recent months for his outspoken presence on social media. But he has also made riches for his investors and himself — and now others are hoping he’ll continue to do so. His Pershing Square Capital Management has sold a 10 percent stake for just over $1 billion to an array of outside investors, giving the hedge fund a lofty valuation. The question is whether Ackman’s newfound fans on social media will follow him as he grows his empire, including through a new listed fund and, eventually, an I.P.O. Pershing Square is now valued at $10 billion. Among those that bought into the firm are Arch Capital Group, BTG Pactual and Iconiq Investment Management; Bloomberg reports that Ackman peers including Marc Lasry and Doug Hirsch also bought in. That has bolstered Ackman’s paper worth to $8 billion, Bloomberg calculates, making him 333rd among the world’s wealthiest people.