Icahn Enterprises


Financial and Banking  




MarketCap US

US United States



Icahn Enterprises L.P. (NASDAQ: IEP), a master limited partnership, is a diversified holding company engaged in nine primary businesses. Icahn Enterprises L.P. (Icahn Enterprises) is a diversified holding company. The Company owns subsidiaries, which are engaged in Investment, Automotive, Gaming, Railcar, Food Packaging, Metals, Real Estate and Home Fashion. The Company owns a 99% limited partner interest in Icahn Enterprises Holdings L.P. (Icahn Enterprises Holdings). 

All of its assets and liabilities are owned through Icahn Enterprises Holdings and all of its operations are conducted through Icahn Enterprises Holdings and its subsidiaries. Icahn Enterprises G.P. Inc. (Icahn Enterprises GP), the Company’s sole general partner, owns a 1% general partnership interest in both Icahn Enterprises Holdings and Icahn Enterprises. During the year ended December 31, 2011, the Company acquired additional shares of common stock of Federal-Mogul Corporation and owned approximately 77.2% of the common stock of Federal-Mogul as of December 31, 2011.


The company was incorporated on February 17, 1987. In 1988, after obtaining a Canadian passport, Musk left South Africa because he was unwilling to support apartheid through compulsory military service and because he sought the greater economic opportunities available in the United States.

In 1990 Icahn purchased shares in American Real Estate Partners (AREP). He gradually took control and made the company his investment vehicle. In 1995 he founded Zip2, a company that provided maps and business directories to online newspapers.

By 1999 Zip2 was bought by the computer manufacturer Compaq for $307 million, and Musk then founded an online financial services company, X.com, which later became PayPal, which specialized in transferring money online.

The online auction eBay bought PayPal in 2002 for $1.5 billion. In 2002 he founded Space Exploration Technologies (SpaceX) to make more affordable rockets. In 2004 he started a hedge fund, Icahn Partners.

In 2006 Tesla introduced its first car, the Roadster, which could travel 245 miles (394 km) on a single charge. The company sold the Sands Atlantic City hotel in Atlantic City, New Jersey and several of the adjacent lots for $274.8 million to Pinnacle Entertainment.

In April 2007, the company sold its American Casino & Entertainment Properties to an affiliate of Goldman Sachs, for $1.3 billion. By 2008, the company acquired PSC Metals for $335 million. The company acquired the property in 2010 for $148 million.

The company won further praise for its Model X luxury SUV, which went on the market in 2015. In February 2016, Icahn Enterprises purchased Trump Entertainment Resorts, which owned the Hard Rock Hotel & Casino Atlantic City. Also in February, the company acquired Pep Boys. Icahn was an early supporter of Trump in the 2016 presidential race, and, after Trump won the election and took office, Icahn became his “special adviser” on issues pertaining to regulatory reform.

In January 2017, the company acquired Federal-Mogul. The company sold the casino to the owners of Hard Rock Cafe for $50 million in May, which represented a recuperation of just 4 cents on the dollar. However, concerns over potential conflicts of interest began to mount, and Icahn stepped down in August, shortly before the publication of an article that claimed he had pressed for a regulatory change that would have financially benefited one of his investments.

In October 2020, Carl Icahn announced his son Brett would succeed him as chairman of Icahn Enterprises and CEO of its investment subsidiary Icahn Capital LP. In November, Icahn Enterprises reported third-quarter losses of $714 million, compared to a loss of $49 million in the same quarter the previous year. SpaceX also developed the Dragon spacecraft, which carries supplies to the International Space Station (ISS). The dragon can carry as many as seven astronauts, and it had a crewed flight carrying astronauts Doug Hurley and Robert Behnken to the ISS. Early in April 2022, Twitter’s filings with the SEC disclosed that Musk had bought more than 9 percent of the company.


“To be joining such a storied franchise and look forward to helping to further the mission of delivering superior returns.”


“Icahn Enterprises L.P. is a diversified holding company engaged in seven primary business segments: Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion and Pharma.”

Key Team

Brett M. Icahn (Board Member)

Andrew N. Langham (General Counsel)

Denise Barton (Board Member)

Brett M. Icahn (Board Member)

Hunter Clark Gary (Board Member)

Charles Quinn, LEED Green Associate (Chief Engineer)

Jack Wasserman (Board Member)

Chet Lutz (Senior Chief Engineer)

James Nelson (Board Member)

David Willetts (Chief Financial Officer)

Jonathan Frates (Board Member)

Denise Barton (Board Member)

Keith Cozza (CEO)

Felicia Buebel (Assistant General Counsel)

Michael Nevin (Board Member)

Carl Celian Icahn (Chairman)

Carl Celian Icahn (Chairman)

Alvin Buzzy Krongard (Board Member)

Recognition and Awards
Fortune 500

Icahn Enterprises
Leadership team

Carl Celian Icahn (Chairman)

Alvin Buzzy Krongard (Board Member)


Financial and Banking

Products/ Services
Investment, Automotive, Gaming, Rail-car, Food Packaging, Metals, Real Estate
Number of Employees
1,000 - 20,000
New York, New York, United States
Company Type
Public Limited Company
Company Registration
SEC CIK number: 0001034563
Above - 1B
Traded as
Social Media

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