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#80
#80

Carl Icahn

United States

Net Worth

$14B

Source of Wealth

Icahn Enterprises

Global Rank

#80 of 100

About Carl Icahn

Carl Icahn is one of the most influential and successful investors in American financial history. Over a career spanning more than five decades, he has demonstrated an extraordinary ability to identify undervalued companies and unlock their potential through active engagement with management and boards. His investment approach — characterized by deep fundamental analysis, unwavering conviction, and a willingness to push for change — has generated billions in returns and fundamentally reshaped how investors think about corporate governance and shareholder rights.

Born and raised in Queens, New York, Icahn studied philosophy at Princeton University before entering Wall Street. He built his career from the ground up, starting as a stockbroker and options trader before founding Icahn & Co. in 1968. His early successes in identifying undervalued companies and advocating for changes that unlocked shareholder value established him as a pioneer of activist investing — a strategy that has since become one of the most important forces in modern capital markets. His track record across dozens of major investments spanning energy, technology, pharmaceuticals, and real estate is truly remarkable.

Through Icahn Enterprises, his publicly traded diversified holding company, Carl Icahn has built a conglomerate with interests spanning energy, automotive, food packaging, real estate, and more. His intellectual rigor, fearless approach to investing, and genuine belief that corporate accountability creates better outcomes for all stakeholders have made him a legendary figure on Wall Street. His philanthropic efforts, including major donations to medical research through the Icahn School of Medicine at Mount Sinai, reflect his commitment to using his success to benefit society.

Key Achievements

Pioneer of Activist Investing

Essentially created the modern activist investing playbook, demonstrating that engaged shareholders can unlock tremendous value by holding management accountable.

Icahn School of Medicine at Mount Sinai

Made transformative donations to Mount Sinai Medical Center, leading to the renaming of its medical school in his honor and advancing groundbreaking medical research.

Built Icahn Enterprises

Created a diversified holding company spanning energy, automotive, food packaging, metals, real estate, and more, with a market presence across numerous industries.

Legendary Investment Returns

Generated compound annual returns that consistently outperformed the broader market over five decades, building one of the greatest track records in investment history.

Corporate Governance Champion

Advanced the cause of shareholder rights across corporate America, pushing for better governance practices that benefited millions of ordinary investors.

Notable Quotes

In life and business, there are two cardinal sins. The first is to act precipitously without thought and the second is to not act at all.

Carl Icahn

Don't confuse luck with skill when judging others, and don't confuse skill with luck when judging yourself.

Carl Icahn

When most investors, including the pros, all agree on something, they're usually wrong.

Carl Icahn

Key Decisions

1968

Founded Icahn & Co., establishing his own firm to pursue investment opportunities with full independence and conviction.

1985

Acquired TWA in a landmark deal that demonstrated the power of activist investing and established his reputation as a transformative force in corporate America.

1987

Founded Icahn Enterprises (originally American Property Investors), creating the publicly traded holding company that would become his primary investment vehicle.

2013

Took a major stake in Apple and publicly advocated for increased share buybacks, helping catalyze one of the most successful capital return programs in corporate history.

2012

Made a transformative donation to Mount Sinai Medical Center, leading to the renaming of the Icahn School of Medicine and supporting pioneering genomics research.

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