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Wil­liam A. Ackman was a bil­lion­aire be­fore he hit 50, and he was gen­er­at­ing dou­bledigit gains for his in­vestors and rak­ing in hun­dreds of mil­lions in fees. In 2014, he paid $90 mil­lion with friends to buy a huge pent­house over­look­ing Cen­tral Park . To­day, his com­pany’s per­for­mance is down, he is in the midst of an ex­pen­sive di­vorce, and re­cently, he and his in­vestors swal­lowed a $ 4 bil­lion loss.

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