BILLIONAIRE’S WARNING: Bill Ackman Urges Israel to Keep Ben-Gvir and Smotrich Out of Next Government, Says Their Removal Would Repair Ties With America
Jewish-American billionaire investor Bill Ackman, one of Israel’s most prominent supporters in the United States, has publicly urged Israeli voters and political leaders to consider forming the country’s next government without National Security Minister Itamar Ben-Gvir and Finance Minister Bezalel Smotrich, arguing that their exclusion would help restore Israel’s international standing and strengthen its relationship with the American public.
Ackman, the founder and CEO of Pershing Square Capital Management, made the remarks Sunday in a post on X, just two days before Israelis head to the polls for the October 27 Knesset elections.
The billionaire, who has been an outspoken defender of Israel since the October 7 Hamas attacks, emphasized that he was not attempting to dictate who should serve as Israel’s next prime minister. Instead, he said he wanted to offer an American perspective on the damage he believes the two ministers have caused to Israel’s reputation abroad.
“Itamar Ben-Gvir and Bezalel Smotrich have caused enormous reputational damage to Israel through their statements and actions,” Ackman wrote.
According to Ackman, the international media frequently portrays Ben-Gvir and Smotrich as representatives of the views and aspirations of the entire Israeli population, creating an impression of the country that he believes is both damaging and misleading.
He argued that their continued presence in a governing coalition could make it more difficult for Israel to rebuild its standing among Americans, particularly at a time when support for Israel has become an increasingly contentious political issue.
Ackman stressed that the question of who should lead Israel belongs exclusively to Israeli citizens and that he was not endorsing any particular candidate for prime minister.
Nevertheless, he maintained that Israelis should consider how the composition of their next government will affect the country’s relationships with its closest allies.
The investor suggested that excluding Ben-Gvir and Smotrich from the next coalition would allow Israel to signal a fresh start to the international community, potentially reversing some of the reputational damage he believes has accumulated in recent years.
Such a decision, he argued, could help Israel rebuild credibility in Washington and improve its standing with both major American political parties.
Ackman specifically pointed to Democrats, Republicans, and the broader American public, arguing that Israel’s long-term interests would be better served by strengthening support across the political spectrum rather than allowing the country to become identified with controversial political figures.
He also suggested that a government without the two ministers would improve Israel’s prospects for expanding the Abraham Accords, the normalization agreements launched during President Donald Trump’s first administration.
Those agreements established formal diplomatic relations between Israel and several Arab countries, including the United Arab Emirates and Bahrain, and have remained a major component of American efforts to expand regional cooperation.
Ackman believes that removing Ben-Gvir and Smotrich from the governing coalition would make it easier for additional countries to pursue normalization with Israel.
His comments amount to an unusual public intervention in Israeli coalition politics by a major American investor who has demonstrated significant financial and political support for the Jewish state.
Since the outbreak of the war following the October 7 attacks, Ackman has become increasingly involved in efforts to defend Israel internationally, particularly in American public discourse.
He has repeatedly spoken out against antisemitism and anti-Israel activism, including on American college campuses, and has used his public platform to challenge institutions and public figures over their responses to the war.
His support for Israel has also extended beyond public statements.
In January 2024, while Israel was engaged in fighting against Hamas, Ackman and his wife, Neri Oxman, acquired a stake of approximately 5% in the Tel Aviv Stock Exchange.
The investment was widely viewed as a significant expression of confidence in Israel’s economy during a period of considerable uncertainty.
The purchase drew attention because it came at a time when the war was placing substantial pressure on Israeli businesses, financial markets, and international investment sentiment.
Ackman’s latest comments therefore come from someone who has backed Israel not only through public advocacy but also through a major financial investment.
At the same time, his position places him at odds with two prominent figures on Israel’s political right who have been influential members of Prime Minister Binyamin Netanyahu’s governing coalition.
Ben-Gvir, who leads the Otzma Yehudit party, and Smotrich, who heads Religious Zionism, have both taken strongly nationalist positions on security and Palestinian issues, attracting criticism from foreign governments and international organizations.
