Is Icahn Enterprises a Millionaire Maker?

Icahn Enterprises is a complex company that is hard to define, but the best comparison would probably be private equity. Icahn Enterprises isn't trying to hide anything. It's very clear in the company's most recent investor presentation that "IEP is majority owned and controlled by Carl Icahn." It even goes so far as to explain that, "As of March 31, 2024, Carl Icahn and his affiliates owned approximately 85% of IEP's outstanding depositary units." With Carl Icahn in control of 85% of the Icahn Enterprises, ...