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]__
This is a moment of great uncertainty. Here’s what you can do about it.
We hope you appreciated this article. Before you go, we’d like to ask you to please support the Forward’s independent Jewish news this Passover. All donations are being matched by the Forward Board - up to $100,000.
This is a moment of great uncertainty for the news media, for the Jewish people, and for our sacred democracy. It is a time of confusion and declining trust in public institutions. An era in which we need humans to report facts, conduct investigations that hold power to account, tell stories that matter and share honest discourse on all that divides us.
With no paywall or subscriptions, the Forward is entirely supported by readers like you. Every dollar you give this Passover is invested in the future of the Forward — and telling the American Jewish story fully and fairly.
The Forward doesn’t rely on funding from institutions like governments or your local Jewish federation. There are thousands of readers like you who give us $18 or $36 or $100 each month or year.
Support our mission to tell the Jewish story fully and fairly.
