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C-SuiteBill Ackman, unfiltered: The billionaire hedge fund founder’s take on AI, investing, and why socialism is a ‘disaster’

‘I’m in a bit of a unique position where I can say exactly what I think,’ Ackman tells Fortune.

By Fortune EditorsAugust 5, 2026
Marc Rowan, chief executive officer of Apollo Global Management
Success
Apollo CEO has a $11.1 billion net worth today—but he started out with a series of hospitality jobs, from valet parking to working in a party store
By Emma BurleighAugust 5, 2026
air
Environment
It’s getting too hot to fly: climate‑driven heat waves are forcing airlines to dump passengers and cargo
By Rio Yamat, M.K. Wildeman and The Associated PressAugust 5, 2026
Noa Khamallah smiles in a white polo with his hands in his pockets
Newsletters
Noa Khamallah was a street kid and convict. Now his $10 million fund is taking on mega-VCs
By Lily Mae LazarusAugust 5, 2026
Latest
Hitachi’s CIO says the Japanese conglomerate’s enterprise AI strategy isn’t one-size-fits-all46 minutes ago
‘Socialism is a disaster’: Bill Ackman says Zohran Mamdani’s bad left-wing housing policy is worsening New York’s affordability crisis1 hour ago
The Trump administration has doled out $100 billion in tariff refunds, but Americans are suing U.S. companies for not seeing a penny of the returns2 hours ago
Locked out of housing, Gen Z and Millennials are building wealth in the stock market instead as they reach record high $3.1 trillion in holdings2 hours ago
Donald Trump, in the middle of speaking, holds up his hand with his pointer finger extended.
Economy
Trump’s tariffs were supposed to boost American manufacturing, but the new levies are actually pushing some companies back to China
By Sasha RogelbergAugust 5, 2026
Billionaires have been flooding the midterms with cash, but one of the GOP’s most reliable megadonors just went silent
Politics
Billionaires have been flooding the midterms with cash, but one of the GOP’s most reliable megadonors just went silent
By Sydney LakeAugust 5, 2026
gen z
Success
Gen Z’s anti-capitalist brand says one thing. Its spending data says something more interesting
By Nick LichtenbergAugust 5, 2026
Man laughing in a black hat
Big Tech
Elon Musk delivers ‘totally nuts’ plan for moon robots and $1 trillion revenue target, but capex tanks SpaceX on debut earnings
By Amanda GerutAugust 4, 2026
OpenAI logo is seen displayed on a smartphone with code in the background.
C-Suite
What OpenAI’s finance team is becoming in the age of AI
By Sheryl EstradaAugust 5, 2026
Scott Bessent, US treasury secretary, during a meeting with US President Donald Trump and Lebanon's President Joseph Aoun, not pictured, in the Oval Office of the White House in Washington, DC, US, on Tuesday, July 21, 2026.
Economy
Scott Bessent just declared the K-shaped economy is over, saying he’s ‘sick of hearing about’ it—but the data would beg to disagree
By Eleanor PringleAugust 5, 2026
Ask your employees one question about AI. The silence will tell you everything
Commentary
Ask your employees one question about AI. The silence will tell you everything
By Will DroverAugust 5, 2026
Europe’s AI sovereignty is under threat. Could Mistral be the answer?
Magazine
Europe’s AI sovereignty is under threat. Could Mistral be the answer?
By Beatrice NolanAugust 5, 2026
Newsletters
CIO IntelligenceBy John Kell
Hitachi’s CIO says the Japanese conglomerate’s enterprise AI strategy isn’t one-size-fits-all
MPW DailyBy Emma Hinchliffe
alt
On SpaceX’s first earnings call, Elon Musk argues his plans aren’t ‘sci-fi’ while No. 2 exec Gwynne Shotwell explains what the company is doing here on Earth
MarketsBy Jim Edwards
alt
A deal with Iran on the Strait of Hormuz—with a truckload of caveats—could come as soon as today
CEO DailyBy Alyson Shontell
alt
Bill Ackman’s next big bet is convincing Americans to fall back in love with capitalism
Term SheetBy Lily Mae Lazarus
alt
Noa Khamallah was a street kid and convict. Now his $10 million fund is taking on mega-VCs
Fortune TechBy Andrew Nusca
alt
What happened in SpaceX’s first earnings report as a public company
AI
Demis Hassabis sitting in a chair.
AI
Demis Hassabis steps down from Google DeepMind CEO role amid a major AI leadership shakeup
By Beatrice NolanAugust 5, 2026
CeBIT Technology Fair
Newsletters
Hitachi’s CIO says the Japanese conglomerate’s enterprise AI strategy isn’t one-size-fits-all
By John KellAugust 5, 2026
Young businessman checking smartphone in dark wood office
Success
Forget work-life balance: Gen Z say their top priority is actually career growth, with 93% aspiring for the C-suite
By Preston ForeAugust 5, 2026
OpenAI logo is seen displayed on a smartphone with code in the background.
C-Suite
What OpenAI’s finance team is becoming in the age of AI
By Sheryl EstradaAugust 5, 2026
Term Sheet podcast
Video ThumbnailPlay32:18
How this multi-millionaire investor spots billion-dollar ideas | Term SheetJune 24, 2026
Video ThumbnailPlay52:39
The Investor Who Bet on SpaceX, OpenAI and Anthropic Before You Could | Term SheetJune 11, 2026
Video ThumbnailPlay39:45
Investment bankers built a $2B AI to replace themselves | Term SheetMay 28, 2026
Video ThumbnailPlay35:05
This creator investor on the truth about the AI gold rush | Term SheetMay 13, 2026
Video ThumbnailPlay36:25
From a Palo Alto closet to $1 billion revenue: how Gusto cracked small business software | Term SheetMay 7, 2026
Video ThumbnailPlay32:23
How to raise a CEO: The "Godmother of Silicon Valley" Esther WojcickiApril 22, 2026
Video ThumbnailPlay29:01
The Startup Fighting to Save the American Farm with Modern FinanceApril 8, 2026
Video ThumbnailPlay51:28
How Winston Weinberg built his $11 billion AI Company | Term SheetMarch 18, 2026
Video ThumbnailPlay26:02
Why revenue is an outdated metric | Term SheetFebruary 18, 2026
Video ThumbnailPlay39:10
Chemistry cofounder: "more talented founders than ever" are moving into health care | Term SheetFebruary 4, 2026
Success
Photo of a house and a symbol of the stock market
Investing
Locked out of housing, Gen Z and Millennials are building wealth in the stock market instead as they reach record high $3.1 trillion in holdings
By Mia OsmonbekovAugust 5, 2026
Young businessman checking smartphone in dark wood office
Success
Forget work-life balance: Gen Z say their top priority is actually career growth, with 93% aspiring for the C-suite
By Preston ForeAugust 5, 2026
Marc Rowan, chief executive officer of Apollo Global Management
Success
Apollo CEO has a $11.1 billion net worth today—but he started out with a series of hospitality jobs, from valet parking to working in a party store
By Emma BurleighAugust 5, 2026
na
Success
Neil Armstrong’s boyhood home, nearly untouched, goes up for sale with no legal protection
By John Seewer, Patrick Aftoora-Orsagos and The Associated PressAugust 5, 2026
From the Magazine
MagazineNo. 1 on the Fortune Global 500: Amazon’s Jeff Bezos on how his garage startup became the largest company in the world by revenue

As Amazon pours $200 billion into AI this year, Bezos says the company’s next act will define the next decade.

By Kristin StollerJuly 28, 2026
How Wistron’s early Nvidia bet made it an unsung winner of the AI boom—and one of the biggest risers on this year’s Global 500
Magazine
How Wistron’s early Nvidia bet made it an unsung winner of the AI boom—and one of the biggest risers on this year’s Global 500
By Nicholas GordonJuly 28, 2026
Can a global car company survive today’s complicated world? Nissan hopes to find out
Magazine
Can a global car company survive today’s complicated world? Nissan hopes to find out
By Andrew StaplesJuly 28, 2026
Meet SLB: The $70 billion oil services giant poised to cash in on AI data centers and the post-Strait of Hormuz oil exploration boom
Magazine
Meet SLB: The $70 billion oil services giant poised to cash in on AI data centers and the post-Strait of Hormuz oil exploration boom
By Jordan BlumJuly 24, 2026
The American Dream according to Bill Ackman
Magazine
The American Dream according to Bill Ackman
By Jeff John RobertsJuly 20, 2026
Energy
Photo of Trump
Politics
Trump claims — yet again — that a deal to reopen Hormuz is close
By The Associated Press, Elena Becatoros, Samy Magdy and Darlene SupervilleAugust 5, 2026
Current price of oil as of Aug. 5, 2026
Personal Finance
Current price of oil as of August 5, 2026
By Joseph HostetlerAugust 5, 2026
The remains of the German tugboat wreckage marked as UJ-106 in the Danube River.
Environment
Danube River’s shrinking water levels expose dozens of World War II ships
By The Associated Press and Marko DrobnjakovicAugust 4, 2026
Photo of a trader and a screen showing stocks rallying
Investing
Global shares rally, oil rebounds as Iran war de-escalation, yen intervention worries ease
By The Associated Press and Yuri KageyamaAugust 4, 2026
Fortune Rankings
Fortune Southeast Asia 500
Fortune Southeast Asia 500
By FortuneJune 15, 2026
Fortune 500
Fortune 500
By FortuneJune 3, 2026
Most Powerful Women
Most Powerful Women
By FortuneMay 27, 2026
Fortune 100 Best Companies to Work For
Fortune 100 Best Companies to Work For
By FortuneApril 1, 2026
Leadership
Demis Hassabis sitting in a chair.
AI
Demis Hassabis steps down from Google DeepMind CEO role amid a major AI leadership shakeup
By Beatrice NolanAugust 5, 2026
CeBIT Technology Fair
Newsletters
Hitachi’s CIO says the Japanese conglomerate’s enterprise AI strategy isn’t one-size-fits-all
By John KellAugust 5, 2026
Photo of a house and a symbol of the stock market
Investing
Locked out of housing, Gen Z and Millennials are building wealth in the stock market instead as they reach record high $3.1 trillion in holdings
By Mia OsmonbekovAugust 5, 2026
Young businessman checking smartphone in dark wood office
Success
Forget work-life balance: Gen Z say their top priority is actually career growth, with 93% aspiring for the C-suite
By Preston ForeAugust 5, 2026
From Pilot to Profit
AIAI agents are flattening corporate hierarchies. Here’s how companies—and managers—can develop a new playbook

Around 41% of employees say their companies trimmed management layers last year, according to Korn Ferry.

By Sharon GoldmanJune 9, 2026
Artistic drawing of two employees using several tools at once
AI
Why dbt Labs CEO views AI efficiency and creativity as the same thing
By Sage LazzaroJune 9, 2026
Reward or threat? Omnisend offers quarterly raises for employees who use AI to drive business impact—and says those who don’t will get left behind
AI
Reward or threat? Omnisend offers quarterly raises for employees who use AI to drive business impact—and says those who don’t will get left behind
By Sage LazzaroJune 9, 2026
Artistic rendering of complex systems being simplified by two workers
AI
How Lumen’s ‘maniacal focus’ on KPIs drove measurable AI impact across use cases and the company at large
By Sage LazzaroJune 9, 2026
Artistic rendering of a hacker trying to gain access to a worker's computer
AI
AI is supercharging cyberattacks—and most companies aren’t ready
By Beatrice NolanJune 9, 2026
Features
Inside Ikea’s big bet on humans in the age of AI
Magazine
Inside Ikea’s big bet on humans in the age of AI
By Claire ZillmanJuly 30, 2026
How Wistron’s early Nvidia bet made it an unsung winner of the AI boom—and one of the biggest risers on this year’s Global 500
Magazine
How Wistron’s early Nvidia bet made it an unsung winner of the AI boom—and one of the biggest risers on this year’s Global 500
By Nicholas GordonJuly 28, 2026
Can a global car company survive today’s complicated world? Nissan hopes to find out
Magazine
Can a global car company survive today’s complicated world? Nissan hopes to find out
By Andrew StaplesJuly 28, 2026
No. 1 on the Fortune Global 500: Amazon’s Jeff Bezos on how his garage startup became the largest company in the world by revenue
Magazine
No. 1 on the Fortune Global 500: Amazon’s Jeff Bezos on how his garage startup became the largest company in the world by revenue
By Kristin StollerJuly 28, 2026
Real Estate
US hedge fund manager Bill Ackman, CEO of Pershing Square Capital Management, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 4, 2026.
Real Estate
‘Socialism is a disaster’: Bill Ackman says Zohran Mamdani’s bad left-wing housing policy is worsening New York’s affordability crisis
By Nick LichtenbergAugust 5, 2026
Photo of a house and a symbol of the stock market
Investing
Locked out of housing, Gen Z and Millennials are building wealth in the stock market instead as they reach record high $3.1 trillion in holdings
By Mia OsmonbekovAugust 5, 2026
st. louis
Commentary
$25 billion in data centers shows St. Louis is serious about competing in the AI economy 
By Ron KitchensAugust 5, 2026
Current ARM mortgage rates report for Aug. 5, 2026
Personal Finance
Current ARM mortgage rates report for Aug. 5, 2026
By Glen Luke FlanaganAugust 5, 2026
Great Place to Work Rankings
Best Workplaces in Chicago
Best Large Workplaces in Chicago
By FortuneJune 16, 2026
Best Workplaces in New York
Best Large Workplaces in New York
By FortuneJune 9, 2026
Best Workplaces in Texas
25 Best Large Workplaces in Texas
By FortuneJune 2, 2026
Best Workplaces in The Bay Area
25 Best Large Workplaces in the Bay Area
By Fortune EditorsMay 26, 2026
Commentary
disruptionBy Will Drover
Ask your employees one question about AI. The silence will tell you everything
Data centersBy Ron Kitchens
$25 billion in data centers shows St. Louis is serious about competing in the AI economy 
Open SourceBy Grace Shao and Alvin Wang Graylin
Has the AI race shifted from U.S. vs China to open vs closed?
U.S. Department of the TreasuryBy Steve H. Hanke and Roger Koppl
alt
Bessent’s Yen gamble is a warning sign — buckle up
MediaBy Paul Hardart
Why Paramount might win its case and still run out of time to acquire Warner Bros. Discovery
AI agentsBy Keith Ferrazzi and Wendy Smith
Your AI agent can be a teammate. But it still needs a boss
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