Carl Icahn

Carl Icahn Biography, Age, Net Worth, Xerox, Marriage, Children, Portfolio, News

Carl Celian Icahn commonly known as Carl Icahn is an American businessman, investor, and philanthropist. He was born on February 16, 1936 New York City, New York, U.S.

Carl Icahn Biography

Carl Celian Icahn commonly known as Carl Icahn is an American businessman, investor, and philanthropist. He was born on February 16, 1936 New York City, New York, U.S.

Carl Icahn

He is the founder and controlling shareholder of Icahn Enterprises, a diversified conglomerate holding company based in New York City, formerly known as American Real Estate Partners. He is also Chairman of Federal-Mogul, an American developer, manufacturer and supplier of powertrain components and vehicle safety products.

Carl Icahn Age

He is 84 years old as of 2019, since he was born on February 16, 1936.

Carl Icahn Height and Weight

His height and weight have been gathered from a lot of credible websites and online sources. But, there are a few factors that will affect the statistics, so, the figures may not be 100% accurate.

Carl Icahn Net Worth

Icahn is a diversified investor with holdings in about 10 business segments including automotive, energy, gaming, real estate and food packaging. His investments are made through publicly traded Icahn Enterprises and closely held Icahn Partners. Icahn Enterprises had revenue of $19.4 billion in 2017. But he is currently at $20.3B.

Carl Icahn Marriage

Carl married Liba, a Czech ballerina, in 1979. However, they separated in 1993 and after years of litigation, divorced in 1999. Liba wanted to nullify a prenuptial agreement signed by her claiming duress since she was pregnant at the time of the marriage. Liba refused to accept Carl’s offer of $1.5 million a year because his net worth was to the tune of billions at the time.  Later, the couple settled for an unknown amount of money.

In 1999, Carl married Gail Golden, who had long been his assistant and was a former broker. Gail is the founder of Gutsy Women Travel, a company taking care of luxury trips for women who want to travel without their husbands.

Carl Icahn photo

Carl Icahn Children

Brett Icahn Michelle Icahn born in 1979, is the vice president of Modal LLC, and Michelle Icah was born in 1982, she works with Carl at Icahn Enterprises.

Carl Icahn Education

Icahn was raised in the Far Rockaway, Queens section of New York City, where he attended Far Rockaway High School. Icahn graduated from Princeton University with a Bachelor of Arts degree in philosophy in 1957 and then entered New York University School of Medicine, but he dropped out after two years to join the army reserves.

Carl Icahn Family

Icahn is from a Jewish family in the Far Rockaway, Queens section of New York City, His father, an atheist, was a cantor, and later a substitute teacher. His mother also worked as a schoolteacher. More information about his sibling are not given but will soon be updated.

Carl Icahn Business Career

Icahn began his career on Wall Street as a stockbroker in 1961in 1968he formed Icahn & Co.a securities firm that focused on risk arbitrage and options tradingIcahn developed a reputation as a “Corporate raider” after his hostile take over of Trans World Airlines in 1985.

Icahn systematically sold TWA’s assets to repay the money he borrowed to purchase the companywhich was described as “Asset stripping.” In 1988Icahn took TWA privategaining a personal profit of $469 millionand leaving TWA with a debt of $540 million.In 1991he sold TWA’s London routes to American Airlines for $445 million.

Icahn launched an unsuccessful $7 billion hostile takeover for 89of U.S. Steel in late 1986.In July 2001 Icahn’s River daleLL C lent Genesis inter media $100 million in exchange for an option to purchase 2 million shares of the company.

In 2004after Mylan Laboratories had announced a deal to acquire King PharmaceuticalsIcahn purchased a large block of stock and threatened a proxy fight over the acquisition.

Carl Icahn Pharmaceutical

In 2005XO Holding announced its intention to sell the wired part of its business for $700 million
to its majority shareholder and chairman Icahn the money would be used to pay back its debts and to buy back its preferred

Icahn would have then owned the wired business outrightand still own his 60stake in XO. In spite of Icahn’s majority ownership and the board of directors declaring the deal to be in the best interest of shareholdersR2 and other minority shareholders defeated the attempt through the Delaware  Courtin  2008which awarded penalties for damages to the business caused by Icahn’s self-dealing and/or conflict of interest.On February 92007Lear Corporation’s board of directors accepted a $2.3 billion takeover offer from Icahn.

In 2007Icahn and his affiliates also owned majority positions in ACF IndustriesAmerican Rail car IndustriesPhilip Servicesand NYSE-listed Icahn Enterprises.

Icahn sold his casino interests in Nevada in February 2008including the StratosphereArizona Charlie’s BoulderArizona Charlie’s Decaturand Aquarius Casino Resort which were operated through American Entertainment Propertiesa subsidiary of Icahn Enterprises.

In May 2008Icahn purchased a large block of shares in Yahooand shortly thereafter threatened to start a proxy fight to remove Yahoo’s board of director sin response to their rejection of Microsoft’s takeover bid.
Icahnthrough a subsidiary of his Icahn Enterprises LPacquired the Fountainhead property in Las Vegas for about $150 million in February 2010.

Carl Icahn Stock

According to Forbes magazineIcahn had a net worth of $16.6 billion in 2017making him the 26th-wealthiest person on the Forbes 400and the fifth-wealthiest hedge fund manager.

Icahn Stadium on Randall’s Island in New York City is named after himas is theCarl C. Icahn Center for Science and Icahn Scholar Program at Choate Rosemary Halla prep school in Connecticut.

Icahn made a substantial contribution to his alma materPrinceton Universityto fund a genomics laboratory which bears his namethe Carl C. IcahnLaboratory at the University’s Institute for Integrated Genomics.

The genomics institute led by Eric Schadt was also renamed and is now theIcahn Institute for Genomics and Multiscale Biology.

The Carl C. Icahn Laboratory at Princeton University His foundationtheChildren’s Rescue Fundbuilt Icahn House in The Bronxa 65-unit complex forhomeless families consisting of single pregnant women and single women withchildrenand operates Icahn House East and Icahn House Westboth of whichare homeless shelters located in New York City.

In 2010Icahn joined the Giving Pledge listpledging to give away more thanhalf his fortuneyet has not decided on the specific beneficiaries.

On January 302016Icahn donated $1 million for US veterans groups at a DesMoinesIowafundraiser held by Donald Trump.

Carl Icahn Trump

Carl Icahn resigned from his post as special advisor on regulation to Donald Trump ahead of a critical magazine article detailing his potential conflicts of interest and questioning whether he had acted illegally.

Carl Icahn Xerox

Xerox Corp has scrapped a planned $6.1 billion deal with Fujifilm Holdings Corp <4901.T> in a settlement with activist investors Carl Icahn and Darwin Deason that also hands control of the U.S. photocopier giant to new management.

The victory for the billionaire investors puts the Japanese company further on the back foot in any new negotiations with Xerox, although it is by no means out of contention as Xerox is now expected to go up for sale in an auction at a higher price.Xerox said that it had over several weeks repeatedly asked Fujifilm to immediately start talks about improved terms for a proposed transaction.

Carl Icahn Portfolio

Ticker

Company

% Portfolio

Number of Shares

Value ($1,000)

IEP

Icahn Enterprises LP

49.03%

175,441,588

10,014,206

CVI

CVR Energy Inc.

12.02%

71,198,718

2,454,932

HLF

Herbalife Nutrition Ltd.

10.17%

35,227,904

2,076,685

LNG

Cheniere Energy Inc.

6.78%

23,380,490

1,383,891

NWL

Newell Brands Inc.

3.74%

41,119,415

764,410

DELL

Dell Technologies Inc.

3.06%

12,798,345

625,455

FANG

Diamondback Energy Inc.

2.83%

6,227,078

577,250

FCX

Freeport-McMoRan Inc.

2.53%

50,161,354

517,164

XRX

Xerox Corp.

2.27%

23,456,087

463,492

NAV

Navistar International Corp

2.13%

16,729,960

434,142

HTZ

Hertz Global Holdings Inc.

1.96%

29,263,869

399,451

CNDT

Conduent Inc.

1.03%

19,806,000

210,538

TEN

Tenneco Inc.

0.76%

5,651,177

154,786

HRI

Herc Holdings Inc.

0.57%

4,494,789

116,820

WBT

Welbilt Inc.

0.55%

10,082,660

112,019

CVRR

CVR Refining LP

0.29%

5,750,000

59,973

SD

SandRidge Energy Inc.

0.18%

4,818,832

36,671

MTW

Manitowoc Co Inc.

0.12%

1,601,169

23,649

– – –

Asset Under Management

100.00%

537,209,435

20,425,534

Carl Icahn News

Carl Icahn Ups Caesars Stake As He Pushes For Sale

Activist investor Carl Icahn this week increased his holding of Caesars Entertainment Corp. as he expands his control of the company in hopes of putting it up for sale.

Activist investor Carl Icahn is the founder of Icahn Enterprises and often takes stakes in public companies to pressure them to make changes that may boost their stock prices. (AP Photo/Mark Lennihan, File)

ASSOCIATED PRESS

The Icahn Enterprises founder purchased 20,724,421 shares of the company Monday, increasing his holding 20.88%, GuruFocus Real Time Picks shows. The transactions marked Icahn’s third such reported buy in a little over a month. He disclosed that he had started the position on Feb. 7, after the company’s stock had tumbled almost 60% over the previous five years. He added to it on March 7.

Icahn paid $8.45 per share of the entertainment giant Monday, close to the $8.50 to $8.55 he paid for the March 7 shares and $8.73 to $9.39 range he paid for his initial shares in January and February.

The stock has declined 5.9% since Icahn’s disclosure Monday to close at $8.16 Thursday. It is also down 11.8% from Feb. 7, the date he first announced his position. As of Thursday, he owns approximately 119,975,363 shares of Caesars, good for a 17.75% stake.

Icahn’s share increase came as he muscles for influence with the company to impose his plans. On March 1, he added three directors to its board, with the right to add a fourth member if the board approves a new CEO within the following 45 days, to explore strategic –

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