Key facts
- Bill Ackman predicted Israel will produce a $1 trillion company within a decade.
- Ackman said he became more bullish on Israel after the October 7, 2023, attacks.
- He cited Israel's mature technology ecosystem and entrepreneurs' preference for scaling companies.
- Ackman stated that conflicts had "reset" the Middle East, improving peace prospects and reducing regional risk.
Billionaire investor Bill Ackman, founder of Pershing Square Capital Management, said on Thursday that he remained bullish on Israel's economy and financial markets. Speaking at the Sheba Medical Center's annual ARC summit in Tel Aviv, Ackman predicted the country would produce a $1 trillion company within a decade. He stated that he became very bullish on Israel after the October 7, 2023, attacks and has grown even more optimistic since, describing the economy as one of the best in the world. Ackman noted that Israel's small population, compared to larger markets like the US and Europe, could be an advantage in the age of artificial intelligence due to lower fiscal burdens. He also highlighted the maturation of Israel's technology ecosystem, with entrepreneurs increasingly choosing to scale their companies rather than sell them early. Ackman suggested that conflicts had "reset" the Middle East, improving prospects for peace and reducing regional risk, and that US President Donald Trump's efforts to eliminate the Iranian threat would yield a "massive peace dividend."