Overview

• The deal values Pershing Square at $10.5 billion, doubling Ackman's net worth to $9.2 billion.
• A new U.S.-listed closed-end fund aims to raise $25 billion, significantly boosting assets under management.
• The firm plans to list on the New York Stock Exchange, enhancing its revenue ahead of a potential IPO.
• Ackman's social media presence and outspoken political views are seen as both an asset and a risk.
• Ryan Israel, Pershing's CIO, also becomes a billionaire following the stake sale.