- Brendan McDermid
Hedge fund titan Bill Ackman said that he would do “anything in his power” to get former New York City Mayor Michael Bloomberg elected US president.
“My view is that Michael Bloomberg is going to run for president and Michael Bloomberg is going to win,” Ackman said. “I know I’m at the Bloomberg conference, but I’ll just say what I think.”
Bloomberg, 73, has not said that he would run.
Ackman revealed his views Tuesday while speaking with Bloomberg TV’s Stephanie Ruhle at the Bloomberg Markets Most Influential Summit.
The reason Ackman is sure Bloomberg will run is simple.
“Because he’s going to die,” Ackman said, pointing to Bloomberg’s age.
Ackman said that Bloomberg is the kind of guy to say, “‘Life is too short; I have to go for it.'”
“He’s that kind of guy,” Ackman said.
The former mayor has said in the past that he would not win a run for president because no one wants to vote for a billionaire. Ackman pointed out that a billionaire – Donald Trump – is currently the Republican front-runner.
He said that weakness on the Democratic side and disarray on the Republican side would create the opportunity for someone like Bloomberg, who he described as a business-oriented, philanthropic, straight-talking, honest guy.
Ackman said that if Bloomberg were to announce his candidacy for president, the stock market would go up 5% on the day he made the announcement and 10% on the day he wins.
The hedge fund manager referred to the US as the “biggest business in the world” and said that it only makes sense to have a businessman like Bloomberg running the country.
He also highlighted the similarities between Bloomberg and Trump.
“People say they like Trump because he’s a straight-talker,” Ackman said, adding that Bloomberg would represent all the best of Trump without the worst of Trump.
“That, to me, is a winner,” Ackman said.
Ruhle asked Ackman if he would support any other candidate for president, to which he replied, “No, I’m not. I’m supporting Bloomberg for president.”