Billionaire Ackman To Endorse Trump, Report Says – Forbes

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Topline

Billionaire hedge fund manager Bill Ackman is expected to support former President Donald Trump in his November rematch with President Joe Biden, The Financial Times reported Thursday, despite a long history of supporting Democrats and backing ex-Trump rival Nikki Haley for the GOP nomination.

Key Facts

Ackman, the founder of hedge fund Pershing Square Capital Management, is expected to make the endorsement on billionaire Elon Musk’s social media platform X, an unnamed source familiar with Ackman told The Financial Times.

Forbes has reached out to Pershing Square for comment.

This is a breaking story and will be updated.

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