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Pershing Square Capital Management CEO Bill Ackman is leaning toward supporting Donald Trump.
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According to multiple reports, Ackman is considering a public announcement supporting Trump.
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He would join a growing list of Wall Street titans backing the former president.
Billionaire investor Bill Ackman is considering supporting former President Donald Trump, according to multiple reports.
The Financial Times was the first to report that the hedge fund manager is leaning toward the former president.
Ackman, the founder and CEO of Pershing Square Capital Management, previously donated $1 million to a super PAC in support of Rep. Dean Phillips of Minnesota, who mounted a long-shot primary challenge to President Joe Biden. Ackman also endorsed former U.N. Ambassador Nikki Haley, who recently endorsed Trump after her failed Republican Party primary.
According to the FT, Ackman would likely approve of X. The hedge fund manager has become an outspoken personality on Elon Musk’s platform.
Bloomberg News also reported that a person familiar with Ackman’s thinking believes that Robert F. Kennedy, who is mounting an independent campaign, is unlikely to win, moving the billionaire closer to Trump.
Ackman is the latest billionaire to open up in supporting Trump, whose administration has at times been at odds with Wall Street. Blackstone Group CEO Steve Schwarzman told Axios last week that supporting Trump was a “vote for change.”
Ackman has supported Democrats in the past, but has recently backed some conservative candidates.
In January, he described diversity, equality and inclusion initiatives as “racist.”
“DEI is racist because reverse racism is racism, even if it is against white people (and it’s remarkable that I even have to point this out),” Ackman wrote on X.
After Hamas’s attack on Israel on October 7, Ackman pressured Harvard, his alma mater, to take a stronger stand against the attack and to protect students from anti-Semitism on campus.
Following Trump’s conviction Thursday afternoon, Ackman shared a message on X from Florida Governor Ron DeSantis condemning the verdict. “I think any objective person would have to agree with @GovRonDeSantis on this,” he wrote.
Ackman and a spokesperson for Pershing Square Capital Management did not immediately respond to Business Insider’s request for comment.
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