Carl Icahn Net Worth: $21.3 billion
Carl Icahn is an American businessman, investor, philanthropist, and activist shareholder. He is the founder of Icahn Enterprises, a conglomerate holding company where he owns majority of the company’s shares. Carl Icahn’s estimated net worth is $21.3 billion. He is of Jewish descent and his parents are both teachers. In 1961, he began his career as a stockbroker and created Icahn & Co., a firm that concentrated on options trading and risk arbitrage, in 1968. He has managed to be part of multiple companies such as Texaco, Gulf & Western, Revlon, Blockbuster, and Netflix, which are just a few of the long list where he attained substantial or controlling positions.
How did Carl Icahn make his money?
Icahn has been known as a ruthless corporate raider after taking over companies and, in one time, gradually using assets to pay for the debt he received. Having acquired multiple companies and shares over the past few decades, Icahn has been known to be at odds with many of the companies’ CEOs and directors for taking different directions with the companies. Forbes named him as one of the top 40 highest earning hedge fund managers due to his multiple business acquisitions and investments in stocks. His philanthropic work includes donations to buildings such as the Icahn Stadium in New York City. He has also made contributions to the Mount Sinai Hospital, where he is a trustee. From there, the Icahn Medical Institute was named in his honor. Mount Sinai School of Medicine was also renamed to Icahn School of Medicine at Mount Sinai. His work has garnered him multiple philanthropic awards throughout the years.