Billionaire investor Bill Ackman and his wife Neri Oxman have pledged approximately $400 million to establish a brain research, rehabilitation, and longevity institute in New York, a decision rooted in a medical emergency that nearly cost their 26-year-old daughter Lucy her life earlier this year.
Ackman disclosed the full details of Lucy's condition and the institute's plans in a public post this week, one of the most personal statements the hedge fund manager has ever shared.