Published on: Nov 06, 2025 08:16 am IST
The nearly 75% drop in Carl Icahn’s net worth is the biggest drop of his long career.
Carl Icahn’s fortune recently plummeted from about $17.5 billion to roughly $4.8 billion after a battle with short-seller Hindenburg Research, according to Forbes. The nearly 75% drop is the biggest drop of his long career.
The decrease in Icahn’s net worth from 2023 to this year took place as Icahn’s net worth after Hindenburg accused his firm of inflated valuations and unsustainable dividends. The Icahn Capital Management founder has denied the allegations.
Icahn, an 89-year-old activist investor, was once believed to be Wall Street’s fiercest corporate raiders. In various recent interviews with The Wall Street Journal, he said he is still a fighter. He also bets on NFL games every week, and won about $80,000 through bets on the San Francisco 49ers and the Seattle Seahawks on Sunday, as reported by the New York Post.
Carl Icahn’s health challenges
Icahn has gone through surgeries recently, leaving his health fragile. However, he has reportedly stabilized.
In recent years, Icahn has had an operation on his ankle that left him unable to walk comfortably for months. It also prompted him to give up daily tennis.
Shortly after the operation, Icahn was treated for an enlarged spleen. Medication caused fatigue and shortness of breath, but he never missed a day of work, he said. “I keep going,” he recently told The Journal. “I enjoy the game.”

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