Billionaire hedge fund manager Bill Ackman and wife getting divorced.
Karen Ackman, the wife of billionaire hedge fund manager Bill Ackman could deliver him the ultimate short squeeze — because the divorcing couple has no prenup according to Page Six.
This means that his wife, Karen Ann Herskovitz, could be entitled to half of worth is estimated $1.65 billion fortune.
Bill Ackman, hedge fund Pershing Square founder, worth an estimated $1.6 billion, and his landscape architect wife began telling friends via email last week that they have separated No divorce paperwork has yet been filed, but it is expected early next year.
One friend told Page Six, “They have been together for a long time — 25 years, and married for 22. They married before he made his fortune. She was by his side and raised their kids while he made the money. There was never any talk of a prenup.” That move could eventually cost Ackman more than his famous bad bet on Valeant.
Other friends insist the Ackman split is amicable and that “this isn’t about money.” But we’ve reported on enough big-money hedge fund divorces to ponder if that position could change in the new year.
The hard-charging Pershing Square founder and his landscape architect wife, with whom he has three daughters, began telling friends via email on Thursday that they have separated.
The email reads: “It saddens us to share that after 25 years together, we are separating. It is an amicable split, and we are making sure that we minimize the impact on our girls. We value your friendship and greatly appreciate your support. Love, Karen and Bill.”
Sources say things between the couple, who married at the St. Regis in 1994 and have three daughters, are amicable. And while no divorce filing has yet been made, lawyers have been hired to reach a quick settlement, which sources say could reach into the hundreds of millions of dollars.
One friend told Page Six, “It’s no secret that Bill is a workaholic. When he’s not working, he’s playing tennis. Bill and Karen are devoted to their girls but grew apart. There’s no one else. They’ve been together forever, since he was broke, so this will be a very generous divorce.”
Up for grabs in the divorce is an immense portfolio of property.
In 2014, Ackman bought the $90 million trophy penthouse at the glittering new One57, which he described as “the Mona Lisa of apartments” because it is a one-off masterpiece, which he “bought for fun.” But he doesn’t actually live in it. He and his family reside in a $35 million apartment at the Beresford off Central Park. They also have a waterfront estate in Bridgehampton bought in 2011 for $22 million, plus a second $23.5 million manse nearby.
A spokesman for Ackman didn’t comment.
Read More: Page Six