Pershing Square's assets under management will grow roughly 35x over the next 22 years (by around 2048), from about $25 billion to approaching $1 trillion.
“What this means is we now have a public vehicle that charges only a 2% fee... If we compound at the rates we have historically, we'll have 35 times the assets under management uh in 22 years. So, we'll go from 25 billion of assets to something approaching a trillion.” View on YouTube
Explanation
This is a 22-year forecast (targeting roughly 2048) for Pershing Square's assets under management to compound to approximately $1 trillion; the timeframe has not remotely elapsed as of this validation.