American investor Carl Celian Icahn born February 16, 1936, is from the United States. Icahn Enterprises, a public firm and multinational conglomerate holding company with offices in Sunny Isles Beach, is a company he founded and controls.
Icahn invests heavily in businesses that he thinks will benefit from changes in company policy and then exerts pressure on management to implement such changes.
He was one of the original activist investors and is credited with popularizing that type of investment approach among hedge funds.
Icahn gained notoriety as a “corporate raider” in the 1980s after making money off the aggressive takeover and asset looting of Trans World Airlines.
Icahn stopped managing money for external customers in 2011, although investors can still invest in Icahn Enterprises.
How did Carl Icahn get rich?
After benefitting from the hostile takeover and asset stripping of Trans World Airlines, Icahn earned a reputation as a “corporate raider.”
Icahn has a net worth of between $17 billion to $24 billion and is listed among the Forbes 400.
