Born into a wealthy New York family, Bill Ackman has amassed a fortune estimated at more than $9 billion, according to Forbes. As he tries to buy The Woodlands-based Howard Hughes Holdings, here's what you should know about the creator of Pershing Square Capital Management.

Key Takeaways Howard Hughes shares jumped after Bill Ackman's investment firm offered to buy the remaining stake in the company.Ackman's Pershing Square already owned 38% of Howard Hughes as of Nov. 14,

Ackman has unveiled his vision to form a new business out of Howard Hughes Holdings “that would acquire controlling interests in operating companies.”