Carl Icahn

Entrepreneur

Carl Icahn was born in Far Rockaway, New York, United States on February 16th, 1936 and is the Entrepreneur. At the age of 88, Carl Icahn biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.

Date of Birth
February 16, 1936
Nationality
United States
Place of Birth
Far Rockaway, New York, United States
Age
88 years old
Zodiac Sign
Aquarius
Networth
$24 Billion
Profession
Businessperson, Financier, Stockbroker
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Carl Icahn Height, Weight, Eye Color and Hair Color

At 88 years old, Carl Icahn physical status not available right now. We will update Carl Icahn's height, weight, eye color, hair color, build, and measurements.

Height
Not Available
Weight
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Hair Color
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Eye Color
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Build
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Measurements
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Carl Icahn Religion, Education, and Hobbies
Religion
Not Available
Hobbies
Not Available
Education
Princeton University (A.B., 1957), New York University
Carl Icahn Spouse(s), Children, Affair, Parents, and Family
Spouse(s)
Liba Trejbal ​(m. 1979⁠–⁠1999)​, Gail Golden ​(m. 1999)​
Children
2 (including Brett Icahn)
Dating / Affair
Not Available
Parents
Not Available
Carl Icahn Life

Carl Celian Icahn (born February 16, 1936) is an American businessman, investor, and philanthropist.

He is the founder and majority shareholder of Icahn Enterprises, a multi-national conglomerate holding company headquartered in New York City and formerly known as American Real Estate Partners.

He is also Chairman of Federal-Mogul, an American developer, manufacturer, and exporter of powertrain components and vehicle safety products. After profiting from the hostile takeover and asset stripping of the American airline TWA, Icahn developed a reputation as a "corporate raider" in the 1980s.

According to Forbes magazine, Icahn was the 26th-wealth individual on the Forbes list and the 5th-wealth hedge fund manager, despite questions of conflicts of interest.

Early life and education

Icahn was born in Brooklyn to an Ashkenazi Jewish family. He was born in the Far Rockaway, Queens neighborhood of New York City, where he attended Far Rockaway High School. Michael Icahn, a "sworn atheist," was a cantor and later a substitute instructor. Bella (née Schnall) was his mother, and she also worked as a schoolteacher. Icahn obtained an A.B. degree from Princeton University. After completing a senior thesis titled "The Question of Formulating an Adequate Explication of the Empiricist Criterion of Meaning," I became interested in philosophy in 1957. He attended New York University School of Medicine, but after two years to join the military reserve force, he dropped out.

Personal life

Icahn, then 41, was introduced to Liba Trejbal, a 28-year-old ballerina from Czechoslovakia, in the summer of 1978. She became pregnant eight months later, and Icahn promised to marry her if she signed a prenuptial agreement. They were married in March 1979. Liba filed for divorce and sued to invalidate the prenuptial deal in October 1993, claiming she signed it under duress due to the pregnancy. In July 1999, the divorce was finalized. Brett Icahn and Michelle Celia Icahn Nevin have two children. Rick Schnall, his nephew, is a very good sport.

Gail Golden, Icahn's long-serving assistant and former broker, married him in 1999. She has two children from a previous marriage.

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Carl Icahn Career

Business career

Icahn started his career as a stockbroker for Dreyfus Corporation in 1961. He began working for Tessel, Patrick & Co. in 1963, and then moved to Gruntal & Co.

Icahn acquired a seat on the New York Stock Exchange and established Icahn & Co., which specialized on risk arbitrage and options trading in 1968. M. Elliot Schnall's uncle, M. Elliot Schnall, made the first purchase on the New York Stock Exchange in 1968.

In 1978, he acquired a majority stake in Tappan and forced the sale of the company to Electrolux, making a net loss of $2.7 million or doubling his investment. He purchased Bayswater Realty & Capital Corporation in 1979. He bought ACF Industries in 1983 and sold those shares to Phillips Petroleum in 1985, earning $50 million.

Icahn acquired 50% of Trans World Airlines in 1985 and completely bought the airline in a leveraged buyout. Icahn systematically sold TWA's funds to repay money owed, which was described as "asset stripping" and branded him as a "corporate raider." He sold TWA's London routes to American Airlines for $445 million in 1991. Icahn made a $469 million profit but left TWA with $540 million in debt. He founded lowestfare.com to sell TWA tickets and also purchased portions of Ramy El-Batrawi's Global Leisure Travel.

Icahn attempted a failed $8 billion hostile takeover of 89% of U.S. Steel in October 1986; the bid was scrapped in January 1987. He sold his interest in the company for $1 billion in 1991, grossing $200 million.

Icahn sold his interest in Texaco for $2 billion in June 1989, the highest share auction on the New York Stock Exchange to date, bringing in $700 million.

In 1990, he bid to buy Pan Am for $375 million.

When it was being purchased by BJ Services in 1994, he had a 6.6% interest in Western Company of North America.

Icahn sold his 7.3% interest in RJR Nabisco for $125 million in February 1997.

Icahn took over Marvel Comics in a competition with Ronald Perelman in June 1997.

In March 1998, he applied for Pan Am once more, offering $43 million.

Icahn was a catalyst for an investment group that purchased a 5 percent interest in RJR Nabisco and pressured the company's leadership to separate its tobacco and food groups in December 1998.

Icahn's Riverdale, LLC, a division of Icahn's Riverdale, LLC, lent Genesisintermedia $100 million and was given the opportunity to buy 5.5 million shares of the firm at an average price of $5.09.

Icahn Partners, a hedge fund, was founded in 2004 and raised $3 billion to create Icahn Partners, a hedge fund. He purchased Blockbuster Video and Time Warner.

Icahn bought a substantial block of stock and threatened a proxy fight in 2004, after Mylan's announcement of a $4 billion stock deal to buy King Pharmaceuticals, urging shareholders to vote against the merger. Mylan's attempts to oust King Mylan stopped in February 2005.

XO Communications reported in 2005 that it planned to sell the wired portion of its company to Icahn, then chairman and a major shareholder; the funds would be used to pay back its debts and to purchase back its preferred stock worth about $600 million from Icahn. Icahn would have acquired the wired company outright and still hold a 60% interest in XO. Despite Icahn's majority interest and the board of directors' announcing that the agreement was in the best interest of shareholders, R2 and other minority shareholders objected to the transaction, which charged Icahn with penalties due to his conflict of interest.

Icahn bought shares in Take-Two Interactive, a video game developer, in August 2006 and raised his stakes to 11.3%, becoming the company's second-largest shareholder.

He purchased a 9.2% interest in Telik, a cancer-based biotech firm. He also bought 6.1 million shares of WCI Communities, which were later purchased by Lennar.

Despite owning 3% of Motorola, Icahn lost an election for a seat on the board of directors in May 2007.

Icahn's board accepted a $2.3 billion takeover bid on February 9, 2007.

Motricity, a North Carolina-based provider of mobile content delivery services, also invested $50 million in the month.

Icahn's stake in BEA Systems soared to 13.2 percent in September 2007, a few months before Oracle Corporation announced its acquisition of BEA Systems, which Icahn favored.

Icahn's stake in Biogen steadily increased from 2007 to 2010.

Icahn sold his Nevada casino interests, including the Stratosphere Las Vegas, Arizona Charlie's Decatur, and Aquarius Casino Resort, which were operated by American Casino & Entertainment Properties, a Goldman Sachs affiliate, for $1.3 billion or $1 billion more than he paid for the land.

Icahn filed a lawsuit against Motorola in March 2008 as part of his attempts to take four seats on Motorola's board and force the selling of its handsets.

Icahn purchased a substantial block of shares in Yahoo! in May 2008 and then threatened to remove Yahoo's board of directors as a result of Microsoft's refusal of a takeover bid. Rather, he compelled an agreement to extend Yahoo's board to eleven members, including Icahn and two others of his choice.

The Icahn Report, Icahn's blog, was launched in June 2008.

Icahn was involved in the failed attempted purchase of Imclone by Bristol-Myers Squibb and later selling Imclone to Eli Lilly and Company for $6.5 billion in cash in September/October 2008.

He filed a lawsuit against Realogy in December 2008 over a proposed debt swap.

Icahn was involved in a proxy war for Amylin in April 2009.

He sold the XO shares of the company in September 2009, which did not already own for $0.55 per share. He later increased his bid to $0.80, which eventually ended.

He resigned from Yahoo!'s board of directors in October and had reduced his equity stake from a one-time high of 75 million shares to 12 million shares by the end of February.

Icahn bought the Fontainebleau Las Vegas in February 2010 for about $150 million by a Icahn Enterprises LP affiliate. He was one of a group of lenders who bought Tropicana Casino & Resort Atlantic City, bringing the company out of bankruptcy for $200 million.

He made a failed takeover attempt for Lionsgate Films in March 2011.

In May 2010, he disclosed the purchase of an 8.4% stake in Lawson Software.

Icahn had a 9.9% interest in Mentor Graphics in May 2010, boosting to 14% in July. Mentor's revenge with a shareholder rights initiative was ineffective at detering Icahn, who made a failed bid to buy the company for about $1.86 billion in cash in February 2011.

Clorox was purchased by Icahn in January 2011. He had acquired a 9.0 percent interest in the company by February.

Icahn announced a 10% interest in Netflix in October 2012.

He attempted to seize the board of directors of Oshkosh Corporation in November 2012.

Forbes named Icahn as one of the 40 highest-earning hedge fund managers in February 2013.

Icahn owned a 9.2% interest in Nuance Communications by April 2013. In an effort to derail a $24.4 billion buyout bid by the CEO, Michael Dell, in favour of his own rumored forthcoming bid, Icahn sued computer giant Dell and its board on August 2, 2013. Apple Inc.'s Icahn owned 4.7 million shares in October 2013. In the same month, Icahn acquired about 61 million shares in Talisman Energy, contributing to a rise in the stock price. In addition, he sold around 50% of his Netflix shares in less than a year.

He took an interest in Hologic, a medical device and diagnostics company, in November 2013.

Icahn invested another half billion dollars in Apple Inc. in January 2014.

Icahn was also pushed by eBay in January 2014 to complete the PayPal spin-off. This was the start of a proxy war that had been fought by April.

Icahn invested in Talisman Energy in October 2014. The stock price of the company dropped by 71% and he sold his shares two months later.

Icahn made a $100 million investment in Lyft on May 15, 2015.

Icahn employed CBRE Group in November 2015 to market the unfinished Fontainebleau Las Vegas to potential buyers. He exchanged his interest in eBay for PayPal shares in November 2015. Icahn disclosed a 73.3 percent interest in Xerox in November 2015.

Icahn purchased Pep Boys in December 2015. He also increased his interest in Cheniere Energy to 13.8%, making him the country's largest shareholder.

Icahn sold the unfinished Fontainebleau Resort Las Vegas in August 2017 for $600 million, more than four times more than he paid.

Icahn disclosed a 4.6 percent interest in Gannett Company in January 2016 and later acquired stakes in Cheniere Energy and Freeport-McMoRan, both of which have decreased in value. In April 2016, Icahn sold Apple's Apple shares, citing questions regarding Apple's Chinese relations.

Icahn's stake in Herbalife Nutrition increased by 21% in August 2016.

Icahn closed the Trump Taj Mahal Casino in Atlantic City in October 2016, citing a $350 million loss over several years as well as the inability to strike a settlement with striking union members. Nearly 3,000 workers lost their jobs as a result.

He increased his interest in the car rental business The Hertz Corporation in November 2016, after the company's stock price fell dramatically.

Icahn bought a 9.7% interest in Condenent, sold out of Allergan and Nuance Communications, and Herbalife Nutrition, and boosted his interest in Navistar International and Herbalife Nutrition in 2017.

Icahn sold his entire 39% interest, or 55.3 million shares, of Hertz Global in May 2020 for 72 cents per share. He lost almost $2 billion on the project.

Icahn, a 200 percent owner of the corporation, nominated two individuals for election to McDonald's board of directors in February 2022, the first step toward a proxy fight. Icahn aims to pressure McDonald's to change the health of pigs raised by its suppliers.

However, only 1% of McDonald's shareholders voted in favour of the nominees submitted by Icahn in May 2022, gaining a victory against his calls for the improvement of the growing conditions in which pigs are raised. Mcdonalds' statement said in its statement that it is already taking a more humane approach to the issue than it had promised back in 2012, adding that Icahn's demands were unreasonable.

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The Las Vegas Strip's newest, bluest resort aims to bring

www.dailymail.co.uk, December 13, 2023
The Fontainebleau is the tallest, newest, and bluest hotel in southern Nevada's glittering resort corridor. It's second in cost to the $4.3 billion (£3.4 billion) Resorts World, which opened in June 2021 as a short walk down Las Vegas Boulevard, at $3.7 billion (£2.9 billion).

After moving his Citadel empire from Chicago, billionaire Ken Griffin says Miami can unseat New York as the world's financial center

www.dailymail.co.uk, November 15, 2023
After transferring his Citadel hedge fund to Miami from Chicago, billionaire Ken Griffin believes that The Magic City will one day surpass New York as the world's financial capital. At a conference in Miami on Tuesday, Griffin said, 'We'll see how big Wall Street South gets.' We're on Brickell Bay, and we'll see Brickell Bay North in 50 years as we think of New York in finance.' However, he confirmed that 'New York is America's financial capital today.' It's going to be New York's turnout.'

Carl Icahn is accused by a notorious short-seller of orchestrating a pyramid-like scheme

www.dailymail.co.uk, May 2, 2023
Hindenburg Research reported a short position in Icahn Enterprises (IEP), on Tuesday, releasing a study arguing that the holding company was accused of misleading the value of its units and taking on too much debt. The paper pits two well-known activist investors, with Hindenburg led by Nathan Anderson (left), aiming at Icahn (right), a Wall Street veteran who made his fortune as a corporate raider. In afternoon trading on Tuesday, IEP (inset), which is owned by Icahn and had a market valuation of about $18 billion at the time, dropped by 20%.
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