Brett Icahn Explained

Brett Icahn
Birth Date:19 August 1979
Nationality:American
Education:Choate Rosemary Hall
Alma Mater:Princeton University
Occupation:Businessman, investor
Parents:Carl Icahn
Liba Trejbal

Brett Icahn (born August 19, 1979) is an American businessman, investor, and philanthropist.

Early life

His father is billionaire investor Carl Icahn (born 1936), majority shareholder of Icahn Enterprises, and his mother is Liba Trejbal, a former ballerina from Czechoslovakia.[1] [2] [3] He graduated from Choate Rosemary Hall and Princeton University.[2] [3] [4]

Career

Icahn interned at Goldman Sachs.[4] Shortly after, he directed art films.[4] In 2001, he founded Myelin Media. He joined his father's company, Icahn Enterprises, in 2002.[4] Since June 2004, he has been an investment analyst for Icahn Partners LP, Icahn Master, Icahn Master II and Icahn Master III and Icahn Partners Master Fund LP. He co-manages a hedge fund with David Schechter,[3] which includes the Sargon portfolio from his father's company.[5] Icahn and Schechter have invested heavily in Apple and Netflix shares.[5] In 2011, his hedge fund had a return of 50 percent.[6]

He is Vice President of Modal LLC. He was on the Board of Directors of American Railcar Industries since January 16, 2007, the Hain Celestial Group since July 2010, the Cadus Corporation since July 1, 2010, Motricity since January, 2010, Bausch Health since March 2021 and Bausch + Lomb Corporation since June 2022.[7] [8] He also serves on the board of Take-Two Interactive and HowStuffWorks.[2]

Icahn played an instrumental role in his father's company's attempted takeover of Lions Gate.[9]

Personal life

Icahn resides on Long Island, New York. In 2012, his father gave him management responsibility for US$3 billion.[1]

Notes and References

  1. Miles Weiss, Carl Icahn Hands Son Brett $3 Billion to Prove His Mettle, Bloomberg BusinessWeek, August 13, 2012
  2. Betty Jin, Brett Icahn On The Possibility He Might Soon Take Over His Dad's Company: Nepotism Doesn't Exist At Icahn, Business Insider, July 12, 2010
  3. Sam Jones, Dan McCrum, Icahn’s son hones skills with $3bn fund, The Financial Times, August 14, 2012
  4. Janet Morrissey, The Raider in Winter: Carl Icahn at 75, The New York Times, April 16, 2011
  5. News: Brett Icahn Stands To Make $183 Million At Dad's Investment Company . Nathan . Vardi . Forbes . March 5, 2015 . October 19, 2015.
  6. Courtney Comstock, 31-Year Old Brett Icahn's Hedge Fund Returned 50% Last Year, Business Insider, April 19, 2011
  7. Web site: Bausch + Lomb (BLCO) Announces Brett Icahn and Gary Hu Have Been Appointed to its Board of Directors . 2022-06-25 . www.streetinsider.com.
  8. Web site: Bausch Health Announces Agreement With Carl C. Icahn . 2022-06-25 . ir.bauschhealth.com . en.
  9. Web site: Brett Icahn Takes High-Profile Role in Lions Gate Negotiations . Wall Street Journal . Worden . Nat . July 10, 2010.