Carl Icahn biography (1936) started his career as a stockbroker on Wall Street in 1961, at the age of 25, and 7 years later he founded his own firm dealing with risk arbitrage and options trading called “Icahn & Co”. later he started working in controlling department for different companies, many worldwide famous, such are, Viacom, Phillips Petroleum, Western Union, Marvel Comics and other…
In after 1985, he was starting to become famos as a ruthles corporate raider, upon his taking over of TWA. He started selling TWA’s assets to pay the expences he had for buying the company, which was known as asset strippig. Ht etook TWA private and gained profit of almoust half a billion dolalrs, thus leaving the company in debth of more than 500 million. In 1991, he sold the companies London routes to American Airlines for 445 million USD.
His hostile takovers were stopped by CEO of the US Steel, David Roderick when Icahn tried to get his hands onto that industrial giant.
He was a holder of 3% of the Time Warner, and he tried to compete as a major shareholder. His group of affiliates proposed the company to split into four fimrs. But the company somehow managed to survive.
Icahn in 2008 sold his interests in Nevada, which included hotels and casinos, for 1.3 billion dollars which is 1 billion more than what he payed for them.
In 2013, Forbes put Icahn on the list of one of the 40 hedge fund managers to earn most money. He is currently owner of 5% of shares of Apple.
