Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. He previously ran a more than $6 billion fund at Icahn Enterprises. © 2020 CNBC LLC. Join us! “I’m still in charge, but he’d get a piece of the action.” (Reporting by C Nivedita in Bengaluru; editing by Patrick Graham and Maju Samuel). "I'm not going to give up making the real decisions," Icahn said. He has been an investment analyst for Icahn Partners LP, Icahn Master, Icahn Master II, Icahn Master III and Icahn Partners Master Fund LP since June 2004. Unlike other rich kids who’ve spoilt themselves in their parent’s fortunes, Brett Icahn took the road less … Board of Directors of American Railcar Industries (since January 16, 2007), The Hain Celestial Group [NASDAQ: HAIN] (since July 2010). Prior to their departure in 2016, Brett Icahn and co-manager David Schechter were responsible for some of the elder Icahn’s most successful stock picks, including an investment in Netflix Inc. My father has proven that," Brett said. We encountered an issue signing you up. Brett, 40, would likely rejoin the company in the next few months after a more than three-year break, and would oversee a small new investment fund. All Rights Reserved, Portfolio Manager, Icahn Capital Management. Sign up for free newsletters and get more CNBC delivered to your inbox. For over a year, Icahn and his son have been negotiating the terms of the agreement, leading to a roughly 90-page contract, according to The Journal. Take-Two Interactive's buy-out of activist investor Carl Icahn has investors rattled, but it shouldn't. "The activism formula is a great formula for increasing shareholder value. [5] He joined his father's company, Icahn Enterprises, in 2002. [10], Icahn resides on Long Island, New York. Please try again. [5] He has served on the Board of Directors of American Railcar Industries since January 16, 2007, the Hain Celestial Group (NASDAQ: HAIN) since July 2010, the Cadus Corporation since July 1, 2010, and Motricity since January, 2010. Last year Brett Icahn, 33, was handed up to $3 billion to invest for Icahn Capital. All Rights Reserved. © 2020 Forbes Media LLC. Board of Take-Two Interactive [NASDAQ: TTWO] (current), Board of Directors of HowStuffWorks (2007). At the new fund, Brett would need to put a percentage of his own money into every investment, and is thinking about buying $25 million worth of Icahn Enterprises shares. In 2012, Carl Icahn agreed to allocate $3 billion to the Sargon portfolio which is run by his son Brett Icahn and business partner, David Schechter. Apple's stock is soaring and it's pouring money into shareholder pockets, can anything derail this freight train? Brett Icahn, 37, and David Schechter, 41, were both paid $280 Million in 2016, two of the biggest paydays on Wall Street. [6] 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, and Icahn Master. Brett Icahn, 37, and David Schechter, 41, were both paid $280 Million in 2016, two of the biggest paydays on Wall Street.
While Carl Icahn deserves all the credit for his enormous success in the past 2 years, his son is one to watch. Brett Icahn is no longer running the Sargon portfolio.
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