Carl Icahn's empire loses $6 billion in a day after Hindenburg report

Hindenburg's report accused Carl Icahn of over-valuing its holdings and using a "Ponzi-like" structure to pay dividends. Even though Carl Icahn has dismissed Hindenburg's accusations as “self-serving,” his personal fortunes have taken a hit as IEP's shares dip and its market capitalization falls by 35% to $11.5bn.

May 4, 2023 - 09:30
Carl Icahn's empire loses $6 billion in a day after Hindenburg report
Hindenburg's report accused Carl Icahn of over-valuing its holdings and using a "Ponzi-like" structure to pay dividends. Even though Carl Icahn has dismissed Hindenburg's accusations as “self-serving,” his personal fortunes have taken a hit as IEP's shares dip and its market capitalization falls by 35% to $11.5bn.