Hedge fund titan Bill Ackman said that he would do “anything in his power” to get former New York City Mayor Michael Bloomberg elected 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 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 New York Mayor has said in the past that he would never 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 frontrunner.
He said that weakness on the Democratic side and disarray on the Republican side would create the opportunity for a “business-oriented, phlilanthropic, straight-talking, honest guy” like Bloomberg.
Ackman said 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 United States as the “biggest business in the world” and said that it only makes sense to have a businessman like Bloomberg running the country.
Ackman made the comments during the Bloomberg Markets Most Influential Summit in New York at Bloomberg LP’s headquarters.