Activist billionaire Bill Ackman says President Biden is too old to run for re-election and should drop out of the race for the White House.
Ackman told CNBC’s “Squawkbox” he does not think Biden should run for re-election.
“So one, I’ve always been a centrist, always believed in supporting whoever is best for the country — Republican, independent, Democrat,” said Ackman. “I think it’s really important that Biden steps aside.”
Ackman, who was being interviewed about his recent fight with Harvard University, only made his remarks after being asked about the 2024 presidential race, Fox News reported.
“Just on the age, past his prime issue, I think a good part of the reason why we have what’s going on in the world geopolitically is he’s perceived as a weak president. And he will be even weaker.”
Ackman did not say if he would vote for Donald Trump rather than Biden.
“I’ll make that decision when I have the choice,” he said.
Ackman has been in the news recently for criticizing Harvard’s former president, Claudine Gay.
Gay resigned from her position Jan. 2 after she was accused of plagiarism.
Ackman, the CEO of Pershing Square Capital Management, received both his bachelor’s degree and MBA from Harvard and has been a major donor to the institution.