New York billionaire seeks permission for ‘temple for a titan’

Posted by on November 15, 2021 12:20 pm
Categories: Global Stories

Investor Bill Ackman trying to win approval for a controversial penthouse overlooking Central Park

The billionaire hedge fund manager Bill Ackman will on Tuesday attempt to convince New York’s powerful Landmarks Preservation Commission to allow him to build a “flying saucer” penthouse on top of a historic apartment building in the Upper West Side overlooking Central Park.

Ackman, a Harvard-educated activist investor who famously made $2.6bn (£2.2bn) profit in a single day betting on the financial impact of coronavirus during the early days of the pandemic, has been engaged in a years-long public relations battle with his merely millionaire neighbours to garner support for his planned Norman Foster-designed two-storey penthouse that has been described as a “temple to a titan”.

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