Carl Icahn Has Lost $179 Million Since November As Hertz Shares Tank
Image by getty images
Investor and businessman Carl Icahn’s Hertz stock has dropped by $179 million since November, according to Bloomberg.
Icahn bought over 29 million shares in the car rental company three years ago. They are now worth $375 million, down from $1.3 billion in late 2014.
Despite the losses, Icahn is expected to buy more even more shares at a low price, hoping for the stock to recover.
_Contact Daniel Hoffman at [email protected]__
The Forward is free to read but not free to produce
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward.
At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and polarized discourse.
Readers like you make it all possible. We’ve started our Passover Fundraising Drive, and we need 1,800 readers like you to step up to support the Forward by April 21. Members of the Forward board are even matching the first 1,000 gifts, up to $70,000.
This is a great time to support independent Jewish journalism, because every dollar goes twice as far.
— Rachel Fishman Feddersen, Publisher and CEO
