Bill Ackman’s Billion-Dollar Year

A big short and a big SPAC fueled hefty gains for Pershing Square in 2020.

Michelle Celarier January 4, 2021

Bill Ackman

(David Paul Morris/Bloomberg)

No one in the investment world appears to have mastered the tumultuous pandemic year as well as Bill Ackman, who banked more than $1 billion in 2020. Ackman’s billion-dollar pay day is based on the gains of the shares he owns of Pershing Square Holdings —

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