The Hindenburg Research Report, released yesterday, has resulted in $3.1 billion in wealth evaporating for Carl Icahn.
The Bloomberg Billionaires index wiped away $10 billion in wealth from Carl Icahn after yesterday's Hindenburg Research report, which called into question IEP's dividend and portfolio marks.
The $10 billion plunge wasn't just attributed to IEP's fall on Tuesday, but was also due to a margin loan, collateralized by his stake in IEP, that the Billionaire's Index hadn't previously accounted for, the report says.
Icahn's position on the Billionaire's Index fell from 58th to 119th, Bloomberg notes.
In response to yesterday's report, a mid-day statement from Icahn said it was “self-serving” and “intended solely to generate profits on Hindenburg’s short position.”
"We continue to believe that activism is the best paradigm for investing and my activist investments over the last 25 years have well proved this out. We regularly put our activist principles into ef...
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