An American investor named Carl Celian Icahn was born on February 16, 1936. 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 is credited with popularizing that investment technique for hedge funds as one of the first activist shareholders.
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 has a net worth of between $17 billion to $24 billion and is listed among the Forbes 400.
Icahn stopped managing money for external customers in 2011, although investors can still invest in Icahn Enterprises.
In 1961, Icahn began serving as a stockbroker for Dreyfus Corporation. Prior to moving to Gruntal & Co., he worked as an options manager at Tessel, Patrick & Co.
Icahn founded Icahn & Co. in 1968 with a seat on the New York Stock Exchange he bought $150,000 of his own money and a $400,000 investment from his uncle, M. Elliot Schnall. The company specialized in risk arbitrage and options trading.
How much does Carl Icahn own of Icahn Enterprises?
The largest individual stakeholder of Icahn Enterprises is Carl C. Icahn, who owns 963.00M shares, or 285.36% of the business. Shares of Icahn Enterprises owned by Carl C. Icahn are presently valued at $51.64 billion.
