Carl Icahn, a prominent figure in the world of finance and business, has earned a reputation as a seasoned investor, activist shareholder, and corporate raider. With a career spanning several decades, Icahn’s financial acumen and strategic maneuvers have propelled him to the upper echelons of wealth and influence.
In this blog, Covemarkets will discuss Carl Icahn net worth, early life, career highlights and much more.
Quick Facts
| Full Name: | Carl Celian Icahn |
| Popular Name: | Carl Icahn |
| Gender: | Male |
| Birth Date: | February 16, 1936 |
| Age: | 87 Years Old |
| Parents: | Michael Icahn and Bella Icahn |
| Siblings: | Not mentioned |
| Birth Place: | Queens, New York, U.S. |
| Nationality: | American |
| Ethnicity: | Ashkenazi Jewish |
| Education: | Princeton University, New York University, Far Rockaway High School |
| Marital Status: | Married |
| Sexual Orientation: | Straight |
| Wife/Spouse: | Gail Icahn (m. 1999), Liba Trejbal (m. 1979–1999) |
| Children: | Brett Icahn, Michelle Celia Icahn |
| Dating: | N/A |
| Net Worth: | $7.9 billion as of August 2023 |
| Source of Wealth: | Investments, Icahn Enterprises |
| Height: | 1.76 m |
| Weight: | 82 kg |
What is Carl Icahn Net Worth and Salary in 2023
According to the latest estimates, Carl C Icahn’s one of the billionaires with net worth is at least $7.9 billion dollars as of August 2023. He is considered one of the wealthiest individuals in the world. As the Chairman of the Board of Icahn Enterprises LP, he owns approximately 213,389,074 shares of Icahn Enterprises LP (IEP) stock, which is valued at over $5.1 billion.
Why is Carl Icahn Famous?
Carl Icahn is renowned for his success as a Wall Street figure and billionaire investor. He gained prominence in the 1980s as a corporate raider, using Drexel Burnham’s junk bonds to take positions in public companies. His aggressive approach involved demanding significant changes in corporate leadership and management styles.
Carl Icahn Overview
Early Life
Carl Celian Icahn was born on February 16, 1936, in Brooklyn, New York City. He grew up in the Far Rockaway neighborhood of Queens. After completing his degree in philosophy from Princeton University in 1957, he pursued medical studies at New York University before joining the Army. In 1961, Carl embarked on his career on Wall Street.
Career and Awards
Carl Icahn, is a renowned American financier and businessman. He is the founder and controlling shareholder of Icahn Enterprises, a diversified conglomerate holding company based in Sunny Isles Beach, Florida. Icahn’s business strategy involves acquiring large stakes in companies that he believes will benefit from changes in corporate policy.
He then exerts pressure on the management to implement these changes, which he believes will be beneficial for shareholders. This approach has earned him a reputation as one of the most successful hedge fund managers and investors on Wall Street.
Over the years, Icahn has made significant investments in various companies. In January 2016, he disclosed a 4.66% stake in Gannett Company and also held shares in Cheniere Energy and Freeport-McMoRan. In August 2016, he increased his stake in Herbalife Nutrition to 21%.
In November 2016, he increased his holdings in The Hertz Corporation after the company’s stock price had significantly declined. In 2017, he acquired a 9.7% stake in Conduent, sold out of Allergan and Nuance Communications, and increased his stakes in Navistar International and Herbalife Nutrition.
Throughout his career, Icahn has received several awards and honors. These include the Golden Plate Award of the American Academy of Achievement in 1984, the Starlight Foundation – Founders Award & 1990 Man of the Year Award, and the Guardian Angel 2001 Man of the Year.
He was also featured in the 2022 HBO documentary Icahn: The Restless Billionaire directed by Bruce David Klein and produced by Atlas Media Corp.
In recent news, in May 2023, Hindenburg Research released an analysis of Icahn’s public company, Icahn Enterprises, claiming that the company is overvalued due to paying large dividends using investments from new investors.
The analysis also claimed that Icahn took out loans against a majority of his holdings, which have the potential to be called should the stock price move downward. On the day of the release of this analysis, the share price of Icahn Enterprises dropped by 20%.
In February 2022, Icahn, who held 200 shares of McDonald’s, nominated two people for election to the company’s board of directors, potentially signaling the start of a proxy fight. His aim was to pressure McDonald’s to improve conditions for pigs raised by its suppliers.
However, in May 2022, only 1% of McDonald’s shareholders voted in favor of Icahn’s nominees, marking a victory against his demands for improved pig-raising conditions.
Personal Life
Icahn, then 41, met Liba Trejbal, a 28-year-old ballerina from the former Czechoslovakia, in the summer of 1978. Eight months later, she fell pregnant, and Icahn offered to marry her if she signed a prenuptial agreement.
They married in March of 1979. Liba filed for divorce in October 1993, alleging she signed the prenuptial agreement under duress due to the pregnancy. In July 1999, the divorce was finalized. Brett Icahn and Michelle Celia Icahn Nevin are their two children.
Gail Golden, Icahn’s longtime assistant and former broker, married him in 1999. She is the mother of two children from a previous marriage.
Social accounts
FAQs about Carl Icahn
What is the Icahn lift phenomenon?
The Icahn lift phenomenon refers to Carl Icahn’s investment strategy of acquiring struggling companies and implementing changes to improve their performance and value.
Has Carl Icahn had any major successes?
Yes, Carl Icahn has had several major successes throughout his career. One of his most notable victories was his involvement in the takeover of TWA in the 1980s. He also played a pivotal role in the breakup of RJR Nabisco. Additionally, his investment in Apple proved highly profitable.
Has Carl Icahn faced any controversies?
Yes, Icahn’s aggressive tactics and outspoken nature have sometimes garnered controversy. His involvement in high-stakes corporate battles has led to legal disputes and criticism from some quarters.
Conclusion
Carl Icahn’s net worth in 2023 is estimated to be in the billions, solidifying his status as one of the wealthiest individuals globally. His success as a Wall Street investor and his unique investment strategies, such as the Icahn lift, have contributed to his fame and fortune. Despite his financial achievements, he remains an enigmatic figure with a passion for contrarian investing and influencing government policies. Thank you for reading our blog.
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