World's 3rd Richest Hedge Fund Manager Loses $10 Billion On "Ponzi" Accusations

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In this video, we dive deep into the events surrounding Carl Icahn's estimated $3 billion stock market loss on May 2nd, 2023, following allegations from Hindenburg of a 'Ponzi-like' scheme. A titan of Wall Street, Icahn has built his reputation on decades of successful activist investing. Yet, the stock of his investment company, Icahn Enterprises L.P., plummeted over 35% in just two days post the damning Hindenburg report. We also delve into the ramifications of this event, which saw Icahn's net worth take a staggering hit. How did one of Wall Street's most revered figures fall from grace so swiftly? And were his accolades built on shaky foundations? We'll answer all these questions and more, as we dissect the specifics behind Hindenburg's claims. Stay tuned as we shed light on the dramatic fall of a Wall Street titan.

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0:00 - 3:10 Intro
3:11 - 5:40 Icahn investing history
5:41 - 10:05 Hindenburg allegations
10:06 - 12:18 More allegations
12:19 - 13:14 What is all means
13:15 Conclusion