Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Brett Icahn a Chip Off Father’s Wall Street Block

Brett Icahn is behind his father Carl’s winning Apple and Netflix positions

 

 

Brett-Icahn

Brett Icahn, son of legendary investor Carl Icahn, seems to have inherited his father’s investment savvy.

Brett Icahn, along with partner David Schechter, made $183 million from Icahn Enterprises last year, according to Forbes. Schechter and Icahn, both under 40, have been managing the Sargon portfolio under the aegis of Icahn Enterprises and are responsible for top stock picks, including Apple and Netflix.

Carl Icahn has publicly said investing in Apple is a “no brainer” and has been bullish on the stock while others thought its valuation was creeping up too high. It turns out Icahn and Son were right, and the stock has increased in value.

Brett Icahn also suggested his dad buy Netflix, although Carl Icahn wanted to cash out of the stock. The Sargon portion of Icahn Enterprises held on to its Netflix holding, and Carl Icahn admitted he was wrong to sell and his son was right to hold on to the video streaming sensation.

The Sargon portfolio has been one of the strongest segments in the Icahn enterprise, and has returned 36.5% annually. Brett is still holding on to Apple, his biggest position with 52.8 million shares valued at $6.8 billion.

Click to comment

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Advertisement