Does billionaire hedge fund guy, Bill Ackman, ever make any money? Legitimately?

What's with Bill Ackman, I mean, does he make money?

"Ackman’s hedge fund may have lost over $160 million on Valeant’s stock on Thursday, and about $580 million since March 31"

The only thing I ever see coming from this guy are losses and that's even with the help of the media that he enlists to spread lies about companies he has positions in or, getting regulators to launch investigations where they're not warranted.

For the life of me I cannot figure out these hedge fund guys. They seem really clueless or, only capable of cheating or defrauding. It seems like Ackman really doesn't know what he is doing, but he certainly goes around talking like he's a VSP (very smart person).

Go figure.