Billionaire philanthropist Bill Ackman announced a $1 million donation to support the campaign of Rep. Dean Phillips (D-MN) against incumbent Joe Biden in a Saturday X post.

The lengthy post from Ackman, a hedge fund manager with a net worth of more than $4 billion according to Forbes, argued that Phillips would be “a truly outstanding President of the United States,” and that he has a “credible path” to the Democrat nomination.

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