Billionaire hedge fund manager Bill Ackman has said Biden should step down.
Ackman, who is a Democrat megadonor, isn’t impressed with Biden but rather has shown interest in Democrat Rep. Dean Phillip’s campaign.
The billionaire stated, “I think Biden’s done a lot of good things. But I think his legacy will not [be] a good one if he is the nominee.”
He followed up by saying, “I do think the right thing for Biden to do is step aside, and to say he’s not going to run, and create the opportunity for some competition.”
Watch him say it here:
Billionaire investor Bill Ackman said President Joe Biden risks tarnishing his political reputation by seeking a second term and he should “step aside.”
— Bloomberg (@business) November 29, 2023
Here’s what The Hill reported:
Billionaire investor Bill Ackman says President Biden should step aside, adding he was “impressed” by Rep. Dean Phillips (D-Minn.), who launched a long-shot primary challenge to Biden last month.
“I think Biden’s done a lot of good things. But I think his legacy will not [be] a good