Carl Icahn

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Portrait of Carl Icahn, collage on an old book page by Danor Shtruzman, December 21, 2016
Icahn's signature (March 2003, under the UNIT sales agreement between Gotham Partners , LP, Gotham Partners III , LP, Gotham Holdings II , LLC and High River Limited Partnership )

Carl Celian Icahn (born February 16, 1936 in Far Rockaway, Queens , New York City ) is an American billionaire and major investor.

On December 22, 2016, Donald Trump appointed Icahn as Special Advisor to the President on Regulatory Reform. Icahn resigned from this post on August 18, 2017.


Icahn grew up in a Jewish family, the son of a teacher in Far Rockaway. After high school , Icahn studied philosophy at Princeton University . After obtaining a degree in philosophy (1957), he studied medicine at New York University at the request of his mother . However, he soon realized that he did not have the necessary enthusiasm for the course, so he dropped out. Instead, he joined the army two years later. Shortly after he returned to New York, he began a career on Wall Street. In 1961 he got a job at Dreyfus & Company, where he learned arbitrage and options trading . In 1968 he bought a seat on the New York Stock Exchange and founded his own company, Icahn & Co. Inc. This initially also specialized in arbitrage and options trading. From 1978 onwards, Icahn increasingly invested in companies, and it was not uncommon for him to get seats on the board or in other leading positions. Today, Carl Icahn is Chairman of Icahn Enterprises, a holding company that operates in a variety of businesses including asset management , real estate, metals mining / trading, and consumer goods.

Business model

Icahn is referred to as a corporate raider or as a "corporate hunter": His strategies are rarely passive, rather he buys enough shares in a company to actively shape the value of his investment, for example by taking a leading position there occupies. Even with small holdings, he repeatedly succeeds in exerting pressure on the respective company management: For example, although he only had a share of 2.5% on Ebay - he persuaded the group management around John Donahoe to outsource the PayPal payment service .

He has held interests in major companies such as Apple , Yahoo , Time Warner , Alcan , Alcoa , Take 2 Interactive , Motorola , TWA , Dell , Xerox and Ebay.


He has sponsored a sports stadium in his hometown of Queens , on the roof of which his name is now emblazoned in large illuminated letters: Icahn Stadium ( Randalls Island , Manhattan , New York City ). In addition to Princeton University in New Jersey , where the Carl C. Icahn Laboratory is named after him, Icahn has donated money to institutions in New York, such as the Mount Sinai Hospital. Icahn and his wife Gail are also chairmen of their three charitable foundations, the non-profit foundation Icahn, the Foundation for a Greater Opportunity and the Children's Rescue Fund . For example, in collaboration with the Foundation for a Greater Opportunity , Icahn founded three schools in the south of the Bronx. Also in the Bronx, the Child Rescue Fund provided a women's shelter, the “Icahn House”, for pregnant and / or homeless women with children.


Carl Icahn has two grown-up children from his first marriage. Today he lives in New York with his second wife Gail.


Carl Icahn is a passionate poker player and owns three casinos .

In 2014 Time Magazine named Icahn one of the 100 Most Influential People in the World.

An MD-80 , built in 1999 for the TWA today to the fleet of American Airlines belonging

Although Icahn had been self-employed since 1961, he only became known to the general public in 1985 when he took over the US airline TWA . This acquisition made him so famous that Oliver Stone chose him as a role model for speculator Gordon Gekko on the Hollywood flick Wall Street . The saying "If you need a friend, buy a dog," Icahn allegedly said to an employee of the airline TWA, which he took over.

Carl Icahn is notorious for cracking down on his holdings. "I can save 30 percent in almost every company because there is so much waste and mismanagement," he once said.

As part of the Republican primary campaign for the 2016 presidential election , Icahn spoke out in favor of billionaire real estate entrepreneur Donald Trump .


Carl Icahn is a billionaire and one of the richest people in the world. On the list of the world 's billionaires ( The World's Billionaires ) published by Forbes magazine , he was ranked 43rd of the richest people in the world with a fortune of around 17 billion US dollars; In 2017, he ranked 55th with assets of around $ 16.6 billion.


Web links

Individual evidence

  1. Donald Trump brings billionaire Carl Icahn to the advisory board. Die Zeit , December 22, 2016, accessed January 7, 2017 .
  2. ^ Carl Icahn Issues Statement
  3. PayPal spin-off from Ebay: major investor Icahn happy . . October 1, 2013. Retrieved October 22, 2014.
  4. ↑ Billionaire Carl Icahn makes a big investment at Apple . Spiegel Online . August 14, 2013. Retrieved September 6, 2013.
  5. Rana Foroohar: The Real Wolf of Wall Street . In: Andreas Petzold (Ed.): Capital . No. 2 . Gruner + Jahr , February 2014, ISSN  0008-5847 , p. 74-81 .
  6. ^ Carl Icahn - The Wolf of Wall street reborn, April 23, 2014 (English).
  7. US investor splits eBay . October 1, 2014. Retrieved October 1, 2014.
  8. Now Carl Icahn is endorsing Donald Trump , Fortune, September 28, 2015 (English)
  9. The 2016 complete list of world's billionaires by nation. Retrieved April 4, 2018 .
  10. The 2017 complete list of world's billionaires by nation. Retrieved April 4, 2018 .