Bill Ackman Is A Billionaire

Which is nice, although Carl Icahn is a billionaire 20 times over, and the richest alternative investment fund manager on Earth.
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Which is nice, although Carl Icahn is a billionaire 20 times over, and the richest alternative investment fund manager on Earth.

Also: Steve Cohen just missed out on being a member of the 11-figure club. And Phil Falcone is somehow still a billionaire.

Carl Icahn is the wealthiest hedge fund or private equity manager in the world, according to the list, on which he placed 26th with $20 billion. The list is led once again by Mexico's Carlos Slim Helu and Bill Gates, with fortunes of $73 billion and $67 billion, respectively.

There were at least 76 alternatives billionaires on the list, which hit a record 1,426 members this year with a record combined net worth of $5.4 trillion. Seven of the alts. magnates made the top 100 with fortunes of at least $10 billion: George Soros ($19.2 billion), Dell Inc. and MSD Capital founder Michael Dell ($15.3 billion), Bridgewater Associates' Ray Dalio ($12.5 billion), buyout kingpin Ronald Perelman ($12.2 billion), Renaissance Technologies' James Simons ($11.7 billion), and Paulson & Co.'s John Paulson ($11.2 billion). SAC Capital Advisors' Steven Cohen just missed the cut, with $9.3 billion.

The World's Billionaires [Forbes]
Icahn, Soros Richest Alts. Billionaires [FINalternatives]

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Carl Icahn Still Thinks Bill Ackman Is A Bum, But That's Just, Like, His Opinion

There are many people in the universe who are fans of hedge fund manager Bill Ackman. They like his style. His charm. The way he makes them feel. The fact that he's not afraid to show his emotions or give them an honest opinion about their new dress or say "You know what? Those highlights really aren't working for you." Carl Icahn, however, is not one of those people. Save for a fleeting moment of supposed amicability following "a lengthy, boozy dinner," Icahn has viewed Ackman as a punk for nearly a decade; an untrustworthy little jerk who Ichan's friends supposedly told him not to do business with. (The feeling being more than a little mutual; as Ackman has put it, "The guy is a shakedown artist. His word is worthless.”) Anyway, in case anyone was wondering if the investors had put an end to their feud with another long, booze-filled meal, wonder no longer.