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Top Ten Billionaires In The Making

6. William Ackman

Hedge Fund
Estimated Net Worth: $700 million

Ackman may get control of Manhattan's giant apartment complex Stuyvesant Town-Peter Cooper Village. His Pershing Square Capital Management, with a partner, picked up $300 million of its junior debt and launched a foreclosure proceeding, but they may get beaten out by more senior creditors. A judge is set to rule soon. Whatever happens, the hedge fund tycoon has raised his profile.

(Photo: Reuters/Allen Fredrickson)

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