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🚨We have another victim of Hidenburg Research.🚨

📉 Corporate activist Carl Icahn's fortune suffered a record $10 billion loss after the well-known Hindenburg Research accused him of using a "ponzi-like" economic structure at his investment firm. Icahn Enterprises LP, his publicly traded limited partnership, saw its biggest-ever drop of 20%.

IEP
$19.97 -$0.04 -0.20%
Capital Structure
Market Cap
8.2B
Enterpr. Val.
12.3B
Valuation
P/E
-8.7
P/S
0.7
Dividends
Yield
30.3%
Payout
-25.1%

The 🔍 Hindenburg accused the company of excessive debt, trading at an extreme premium to net asset value and questioned the valuation of some investments. Icahn called the report "self-serving" and designed solely to generate profits from Hindenburg's short positions.

📊 Icahn's fortune plunged 41% to $14.6 billion, according to the wealth index, dropping him from 58th richest person in the world to 119th. Hindenburg has a history of successful short attacks that have caused other billionaires' fortunes to fall.

How will it work out this time? And who do you think will be next ?


I didn't expect an announcement to cause such a drop.