Carl Icahn’s wealth plunges $10 billion on Hindenburg report

Corporate activist Carl Icahn's wealth plunged by over $10bn after Hindenburg Research accused him of running an extremely-leveraged investment company with "ponzi-like" economics. As a result, Icahn Enterprises LP lost 20%, the most on record, wiping out $3.1bn from his fortune.

May 3, 2023 - 09:30
Carl Icahn’s wealth plunges $10 billion on Hindenburg report
Corporate activist Carl Icahn's wealth plunged by over $10bn after Hindenburg Research accused him of running an extremely-leveraged investment company with "ponzi-like" economics. As a result, Icahn Enterprises LP lost 20%, the most on record, wiping out $3.1bn from his fortune.