Carl Icahn is an
American billionaire who has amassed great wealth by buying
and selling exciting businesses. He is more popularly known for his moniker
“imperial shareholder.” Some of the deals where he had a fortune included Trans
World Airlines (TWA) Texas Oil and United States Steel Corporation (USX).
Born and raised
in New York, Icahn went to Princeton University in New Jersey where he earned
his bachelor’s degree in Arts and Sciences.
His strategy of
investments included buying out controlling stakes existing in major companies
in the name of a change in management. As the company’s performance improves,
he sells it at a high profit.
Icahn believes
that his strategy makes a financially
distressed company become productive. In defense to his detractors, Icahn
says his strategy is not about liquidating businesses. It is about helping them
to cope and thrive as a business.
Icahn’s fortune
is estimated by Forbes Magazine to be about $14 billion. He is listed as one of
the richest men in the world.
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