Carl Icahn is an American businessman and investor. He is the founder of Icahn Enterprises and also serves as the chairman of Federal-Mogul corporation, an American developer, manufacturer and supplier unit.
Icahn also served as a special economic adviser on financial regulation under the administration of president Donald Trump for a short period (Dec 16- Aug 17). Icahn ranked 27 among the richest people in America by Forbes magazine in 2017. Let’s find out how much is Carl Icahn’s net worth in 2018.
Carl Icahn Early Life
Born on February 16, 1936, Carl Icahn grew up in a jewish family in Far Rockaway, Queens section of the New York City, New York. His father, Micheal Icahn, was a cantor at a local synagogue and his mother, Bella Icahn, a schoolteacher.
Icahn completed his schooling from Far Rockaway High School. He completed his graduation in Bachelor of Arts degree in philosophy from Princeton University. Icahn was also a two-year dropout from the New York University School of Medicine to join the army reserves.
Carl Icahn has been married twice in his lifetime. He married Liba Trejbal, a ballerina from the former Czechoslovakia, in 1979 and the couple has two children. However, after years of litigations, they finally divorced in 1999. He later married his longtime assistant, Gail Golden, in 1999. Icahn has two children, a boy, Brett Icahn and a girl, Michelle Icahn.
Carl Icahn Career, Awards & Achievement
In 1961, Icahn started off his career as a stockbroker. He later formed a security firm, Icahn & Co. in 1968. By the end of 80’s, he developed a reputation as a “corporate raider” after his hostile takeover of Trans World Airlines in 1985. Today, he is one of the biggest investors of the Wall Street.
On February 17, 1987, Carl Icahn started Icahn Enterprises with its headquarter in General Motors Building in New York City, New York. The company has investments in various industries including auto parts, energy, metals, rail cars, casinos, food packaging, real estate, and home fashion.
In 1988, he took TWA private with a personal profit of $469 million and then in 1991, he sold its London routes to American Airlines for $445 million.
Icahn’s investing strategies have always fascinated people. The US President Donald Trump was highly impressed by his investment techniques and financial strategies. In December 2016, his abilities led him to serve as a special economic adviser on financial regulation under Trump’s administration. However, he stepped down from the role in August 2017.
Awards & Achievements
Icahn has received many awards in his business career. He was awarded as the Man of the Year in 1990. He was also honored with the Starlight Foundation’s Founder Award. In 2001, he was named as the Guardian Angel Man of the Year award. In 2006, he got Effecting Change Award for his outstanding contributions to improve education.
Icahn has started a foundation the Children’s Rescue Fund that focuses on the rehabilitation and empowerment of the needy and most vulnerable in the society. In 2016, Icahn donated $1 million for US veterans groups.
Net Worth of Carl Icahn
Recognized as one of the richest businessman, the founder of the Icahn Enterprises, Carl Icahn has an estimated net worth of $16.4 billion. He makes most of his income from Icahn Enterprises, which helps him in making billions. According to Forbes magazine, he is the 27th richest person in the United States of America in 2017.
Carl Icahn has been shaking up corporate America for decades and no wonder, he is one of the most successful investors of Wall Street’s. His investment techniques and strategies are brilliant and probably the main reason of his success. Over the years, he has developed a reputation as an intimidating, relentless, and highly competitive investor. His business quotes are famous and have taught many upcoming investors.