Billionaire Democrat Megadonor Suggests Biden Should Step Down

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."

Watch our full episode of The David Rubenstein Show: Peer-to-Peer Conversations on December 6th 👉 https://t.co/NPCSp3p7TL pic.twitter.com/V8MliiMc4I

— 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.

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“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,” Ackman said in an interview with Bloomberg Television’s “The David Rubenstein Show: Peer-to-Peer Conversations.” “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.”

Ackman, the founder of Pershing Square Capital Management, told Bloomberg Television he recently met with Phillips and was “impressed” by the Democratic lawmaker.

“You need to be at your intellectual best. And I don’t think Biden is there,” Ackman said. “I don’t say that, you know, with any derision of the president. But I think he’s clearly past his physical and cognitive peak.”

Ackman, who reportedly has a history of donating to Democrats, told Bloomberg Television he is “much more open to Republican candidates” over reelecting Biden. He said he is supportive of both former South Carolina Gov. Nikki Haley and former New Jersey Gov. Chris Christie.

Billionaire investor Bill Ackman said President Joe Biden risks tarnishing his political reputation by seeking a second term and he should "step aside."

Watch our full episode of The David Rubenstein Show: Peer-to-Peer Conversations on December 6th 👉 https://t.co/fIfl1NJczY pic.twitter.com/kTTyQENZYO

— Bloomberg TV (@BloombergTV) November 29, 2023