Billionaire hedge fund manager and longtime Democrat Party donor Bill Ackman is set to endorse Donald Trump in the 2024 presidential election.
Ackman, the CEO of Pershing Square Capital Management with an estimated net worth of $4 billion, has reportedly decided to support Trump, believing that Joe Biden must be removed from office.
Ackman has recently voiced serious concerns about the rise of anti-Semitism in American by the left and played a leading role in the campaign to remove Harvard President Claudine Gay from office.
BREAKING: Billionaire hedge fund manager Bill Ackman is about to announce his support of Donald Trump in the election. Ackman has a long history of supporting Democrats and even backed Nikki Haley with millions in her failed campaign
— George (@BehizyTweets) May 30, 2024
Trump will outraise Democrats for the first… pic.twitter.com/sjDDHyUFjZ
Exclusive: Hedge fund billionaire Bill Ackman is leaning towards backing Donald Trump in the US election https://t.co/YC3DvTatBF
— Financial Times (@FT) May 31, 2024
From Financial Times:
Hedge fund billionaire Bill Ackman is leaning towards backing Donald Trump in the US election, according to a person briefed on his thinking, as some of Wall Street’s leading figures throw their weight behind the former president.
Ackman, who backed Trump’s Republican rivals, including Nikki Haley, in the party’s primary contest this year, is likely to make his endorsement on X, the Elon Musk-controlled social media platform in which he is a minority investor. Ackman has previously donated money to Democrats, including Dean Phillips, who mounted a primary challenge to President Joe Biden this year.
The person familiar with Ackman’s thinking said the billionaire did not believe alternative candidates such as Robert F Kennedy Jr, whose long-shot White House bid he had also supported, were likely to win.
They added that Ackman’s dislike for Biden far outweighed his ambivalence for Trump.
Ackman agreed with Florida Gov. Ron DeSantis on Trump being convicted in Alvin Bragg’s sham “hush money” trial. DeSantis said the case was tried in a “kangaroo court” presided over by a “partisan judge,” all in an effort to “get Trump.”
To which Ackman replied, “I think any objective person would have to agree with Governor Ron DeSantis here.”
Take a look:
I think any objective person would have to agree with @GovRonDeSantis here. https://t.co/8H0sJYQJ9x
— Bill Ackman (@BillAckman) May 30, 2024
