Bill Ackman Sells 10% Stake in Pershing Square for $1.05 Billion

The sale sets the stage for a potential IPO and a new U.S.-listed fund targeting retail investors.

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.