Hedge fund manager Bill Ackman / Facebook
Billionaire investor Bill Ackman has endorsed Donald Trump’s reelection to the Presidency in next month’s elections. In an extended post on Twitter, Ackman listed his reasons for doing so and why he opposes the election of Vice President Kamala Harris. And he also provided a list of no fewer than 33 ways in which the Democratic Party can improve itself.
The founder of Pershing Square Capital Management explained that many of his “good friends and family” have been surprised about his decision to support Donald Trump for president because Ackman’s political giving history has been mostly to Democrats and many of his philanthropic initiatives have supported issues that are “consistent with Democratic priorities.”
“I have always considered myself to be a centrist and/or moderate, and I have voted for the candidate and supported the issues and policies that I believe are in the best interest of the country, “wrote Bill Ackman. “Some have accused me of supporting Trump because doing so will somehow benefit me financially. Fortunately, I do not need any financial benefits as I and my family have well more than we need. I have also committed to give away the substantial majority of my resources at or by the time I am no longer, so I don’t consider personal financial benefits in the determination of whom I support for office. “
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Ackman also denied rumors that he is supporting Trump because he expects to be appointed to a position in a second Trump Administration.
“To be clear, I haven’t been offered one and I wouldn’t take a job in the administration (I love my job and it is the wrong time in my life to work in an administration),” he said. “I will, however, do everything else I can to help the president succeed in helping our country and its citizens.”
Bill packman went on to say that some of his friends and family who support Kamala Harris are ok with his supporting Trump, but don’t want him to attempt to convince others to support him.
However, “Because I strongly believe that a Trump administration will be better for the country and the world than a Harris administration, I think it is important to share my thinking to the extent it helps others come to the right conclusion,” he said.
Ackman also acknowledged the many criticisms leveled against Donald Trump writing, “To be clear, my decision to vote for Trump is not an endorsement of everything he has done or will do because he is an imperfect man. Unlike a marriage or a business partnership where there are effectively unlimited alternatives, in this election, we have only two viable choices. Of the two, I believe that Trump is by far the superior candidate despite his flaws and mistakes he has made in the past.”
His 33 “suggestions” for the Biden-Harris Administration and the Democratic Party are too numerous to list here, but they can be found in Bill Ackman’s Twitter post.
Bill Ackman is the founder and CEO of Pershing Square Capital Management, a hedge fund management company with over $16 billion in assets under management. He is known for his activist investing approach, which involves taking large stakes in companies and pushing for changes in their management or strategies.
Ackman is a graduate of Harvard University, earning both his bachelor’s and MBA degrees from the prestigious institution and has an estimated net worth of about $4 billion. Bill Ackman has also been involved in philanthropy and social activism. He has donated to various causes and recently became more vocal about combating anti-Semitism.
