Early Life and Education
Carl Celian Icahn was born on February 16, 1936, in New York City. He was raised in the Far Rockaway neighborhood of Queens. His father was a cantor and teacher, while his mother was a schoolteacher. Icahn graduated from Princeton University in 1957 with a degree in philosophy. He briefly studied medicine at New York University before dropping out.
Rise to Success
Icahn began his career on Wall Street as a stockbroker in 1961. He later formed Icahn & Co., focusing on risk arbitrage and options trading. Icahn gained recognition as a corporate raider in the 1980s, profiting from hostile takeovers and asset sales. His early successes laid the foundation for his financial success.
Key Business Strategies
Icahn's investment strategy involves taking significant positions in undervalued companies and pushing for changes to increase their value. This approach has involved acquiring large stakes, nominating new board members, or advocating for the sale of company assets. His career includes victories and setbacks, all of which illustrate his distinct investment approach.
Philanthropy
Icahn has supported various causes through his philanthropy, primarily focusing on medicine, education, and child welfare. He established the Children's Rescue Fund and funded Icahn House, a complex for homeless families. He has also made significant donations to educational institutions and medical centers, including a $200 million donation to Mount Sinai Hospital, which was renamed the Icahn School of Medicine at Mount Sinai.
