Who owns Herbalife?

Ackman and Icahn, a longtime friend of President Donald Trump, buried the hatchet in 2014. With a 26% stake, Carl Icahn remains Herbalife's largest shareholder. According to TheStreet, Icahn has made almost $1 billion profit from his investment. Meanwhile, Ackman has lost close to $1 billion on Herbalife.

Did Bill Ackman dump Herbalife?

Billionaire Bill Ackman's hedge fund, Pershing Square Capital, exited Herbalife ( HLF ), ending an epic five-year, $1 billion bet its stock price would crash to zero. Ackman told CNBC Wednesday that he had dumped Herbalife, a company he once slammed as a crooked pyramid scheme .

Did Bill Ackman end his $1 billion bet against Herbalife?

Hedge fund manager Bill Ackman has finally ended his disastrous $1 billion bet against Herbalife. In December 2012, Ackman famously made a short bet against Herbalife, an investment that makes money when the stock price falls. Ackman called the nutritional supplements company a pyramid scheme that he thought would eventually go to zero.