Carl Icahn’s Net Worth Jumps by $1 Billion on Loan Deal with Icahn Enterprises - Bloomberg
Wealth

Carl Icahn’s Net Worth Jumps by $1 Billion as Company’s Shares Surge on Loan Agreement

  • Reworked deal severs loans from price of his company’s shares
  • Activist investor’s fortune tumbled after short-seller report
Carl Icahn  Photographer: Bloomberg/Bloomberg
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Carl Icahn’s fortune got a $1.1 billion boost Monday after his Icahn Enterprises LP disclosed amended loan agreements with its iconic founder.

The deal essentially severs his loans from the trading price of his company’s shares, allaying investor fears that he may have to liquidate his holdings following a scathing report by short seller Hindenburg Research that sent the stock plummeting by more than half in May.

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