Skip To Content
JEWISH. INDEPENDENT. NONPROFIT.
Fast Forward

Carl Icahn Has Lost $179 Million Since November As Hertz Shares Tank

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]__

Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines. You must credit the Forward, retain our pixel and preserve our canonical link in Google search.  See our full guidelines for more information, and this guide for detail about canonical URLs.

To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.