Carl Icahn, billionaire activist investor, waits for Donald Trump, president and chief govt of Trump Group Inc. and 2016 Republican presidential ca
Carl Icahn, billionaire activist investor, waits for Donald Trump, president and chief govt of Trump Group Inc. and 2016 Republican presidential candidate, not pictured, to talk at an election night time occasion in New York, U.S., on Tuesday, April 19, 2016.
Victor J. Blue | Bloomberg | Getty Photographs
Billionaire investor Carl Icahn is shifting his workplace from New York to Florida early subsequent yr, and plans to finally hand over the hedge fund to his son, Brett.
The 83-year-old activist hedge fund supervisor, who based Icahn Enterprises, has no plans to retire, but told The Wall Street Journal that his son is the “main candidate” to take over his agency.
“I am not going to surrender making the actual selections,” Icahn mentioned. “I am nonetheless in cost, however he’d get a chunk of the motion.”
Brett, 40, would doubtless rejoin the corporate within the subsequent few months after a greater than three-year break, and would oversee a small new funding fund. For over a yr, Icahn and his son have been negotiating the phrases of the settlement, resulting in a roughly 90-page contract, based on The Journal.
“I do not suppose anyone can fill his sneakers the way in which he fills them,” Brett mentioned. “However I stay up for persevering with to make him some huge cash and persevering with to develop my profession.”
Brett labored together with his father for over 15 years as an analyst, however lately took a break. He…