Carl Icahn: Is there a single family office?

icahn single family office

Where does the fortune of Carl Icahn come from?

Carl Icahn is an American businessman and investor. He is the founder and controlling shareholder of Icahn Enterprises, a conglomerate holding company based in New York City, formerly known as American Real Estate Partners. He is also Chairman of Federal-Mogul, an American developer, manufacturer and supplier of powertrain components and vehicle safety products. Icahn’s total net worth is estimated to be around 18 billion U.S. dollars.

How did the Icahn family business develop?

Icahn began his career on Wall Street as a stockbroker in 1961. In 1968, with $150,000 of his own money and an investment from his uncle, he formed Icahn & Co., a securities firm that focused on risk arbitrage and options trading. In 1978, he began taking controlling positions in individual companies. In 1987 he established Icahn Enterprises in New York City. The conglomerate holding company has investments in various industries including auto parts, energy, metals, rail cars, casinos, food packaging, real estate, and home fashion. Today the company employs over 2,000 people and generates more than 10 billion U.S. dollars in revenues.

Is there a Carl Icahn family office?

Yes, there is. The New York based single family office “Icahn Capital LP” engages in investing and managing all the assets of Carl Icahn. The investment firm is also part of his large holding company.

How does the Carl Icahn family office invest?

Icahn Capital LP operates highly secret so there’s almost nothing known about its investment activities. Nevertheless, we found out that Icahn is likely to invest with three vehicles: the 7 billion hedge fund, Icahn Partners, Icahn Enterprises, his public traded private equity firm, and ICAHN MANAGEMENT LP, a $2 billion hedge fund. He usually takes minority stakes in public companies and typically pushes for change.

This article is part of our detailed report “The single family offices of the richest US families“.

Picture source: Chris Barbalis

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