Billionaire Investor Bill Ackman Makes Almost $60 Million Every Year by Investing in This 1 Stock

Billionaire investor Bill Ackman has become one of the hedge fund managers to watch in the modern era. Ackman runs the fund Pershing Square Capital Management, which is the investment manager of Pershing Square Holdings. At the end of August, Pershing had generated a five-year return of roughly 121%, net of fees.Pershing Square Capital Management owned 10 stocks at the end of the second quarter of the year because Ackman and his team focus on doing an extremely thorough bottom-up analysis of individual stocks. One, which Pershing has been involved in for more than a decade, earns almost $60 million in passive income for the fund each year.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool