Carl Icahn’s Wealth Falls $2.7 Billion as Dividend Cut Batters Shares
- Icahn Enterprises slashes payout following short-seller report
- Activist investor’s fortune has fallen $17 billion since April
Carl Icahn
Photographer: Victor J. Blue/Bloomberg
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Carl Icahn’s fortune fell $2.7 billion Friday after the activist investor made corporate changes in tacit response to a short seller’s scathing report published three months ago.
Icahn’s net worth dropped to $7.8 billion, the lowest since the Bloomberg Billionaires Index began tracking it 11 years ago, and less than a third of what it was in April.