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Bill Ackman's $260 Million Brain Research Institute

The Billionaire's Brainchild: What Drives Bill Ackman's Philanthropic Venture The intersection of wealth and wellness is often fraught with tension, but in the case of Bill Ackman's latest endeavor, a deeply personal desire to make amends seems to be driving the effort.

Last month, Ackman invested $260 million in a sprawling brain research facility on Manhattan's Upper West Side.

Ackman's decision was sparked by a harrowing family crisis in February when his 26 year old daughter, Lucy, suffered a near fatal brain hemorrhage.

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