Bill Ackman, founder of Pershing Square, says he agrees with Jeff Bezos that the most effective way to help society is to build and scale solutions that work through business rather than relying on philanthropy. Ackman tells Fortune he has spent nearly $1 billion on charitable giving over about two decades and concludes that, in his view, philanthropy is less efficient at addressing problems.
Ackman argues that capitalism creates more jobs and produces greater impact than traditional charitable efforts. In the coverage, he frames his perspective as a comparison of how different approaches tackle real-world challenges, emphasizing outcomes such as job creation and problem-solving effectiveness.
The outlets present the same core remarks, with The Next Web and Fortune both highlighting Ackman’s view that large-scale business activity is a stronger mechanism for delivering results. Neither outlet introduces a conflicting factual claim about the statement itself, but the emphasis differs: one report leads with the broader endorsement of Bezos’s idea, while the other focuses on Ackman’s role as a long-time philanthropist and his efficiency comparison.
