IEP - Billionaire Investor Carl Icahn Is Betting $6.3 Billion on This 1 Stock
2024-04-13 03:54:00 ET
Carl Icahn is one of the most famous investors in history. Throughout the 1980s and 1990s, he became known as a corporate raider, buying up big stakes in companies in an attempt to force change. Over the decades, he has accumulated a multibillion-dollar fortune.
Icahn has never shied away from making big bets. Right now, he has nearly his entire fortune -- some $6.3 billion -- tied up in a single stock. Shares are currently priced at historic lows, possibly making this a lucrative way to bet alongside a legendary billionaire investor.
It should come as no surprise that Carl Icahn has the majority of his money tied up in a company named after himself: Icahn Enterprises (NASDAQ: IEP) . Incorporated in 1987, Carl Icahn has long used Icahn Enterprises as his main investment vehicle. He currently owns more than 80% of the company, a stake worth roughly $6.3 billion. In essence, Carl Icahn is fully in control of Icahn Enterprises, and the company's stock price is a direct result of his long-term decision-making abilities.
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Billionaire Investor Carl Icahn Is Betting $6.3 Billion on This 1 Stock