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Carl Icahn Trivia Questions

How much do you really know about Carl Icahn? Below are 8 true or false statements. Click each one to reveal the answer and explanation.

1.

Icahn famously battled with Apple CEO Tim Cook over the company's cash reserves.

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Easy
✓ TRUE

In 2013, Icahn pushed Apple to increase its share buyback program, leading to a public and private campaign that pressured Cook into action.

2.

Icahn served as a special economic advisor to President Donald Trump in 2017.

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Medium
✓ TRUE

He was appointed as a regulatory reform advisor in 2017 but resigned in August of that year, citing political concerns.

3.

Icahn has never lost money on a hostile takeover bid he initiated.

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Medium
✗ FALSE

His bid for Clorox in 2011 failed, and he lost millions on investments in companies like Netflix and Herbalife at different points.

4.

Carl Icahn once tried to buy TWA just to sell it off piece by piece.

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Medium
✓ TRUE

Icahn acquired TWA in 1985 and later sold its routes and assets, famously stripping the airline down before it eventually went bankrupt.

5.

Icahn's net worth once exceeded $20 billion during the 2008 financial crisis.

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Medium
✗ FALSE

His peak net worth was around $25 billion in 2021, not 2008. During the crisis, his wealth actually dropped significantly like many investors.

6.

Icahn made his first million through options trading on a single stock tip.

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Hard
✓ TRUE

In 1968, he used $4,000 in savings to buy options on a company called Tappan, netting about $500,000—his first big win.

7.

Icahn is a lifelong vegetarian and donates heavily to animal rights groups.

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Hard
✗ FALSE

He is known for eating meat and has no public record of major donations to animal rights causes; his philanthropy focuses on education and medical research.

8.

Icahn was a professional chess player before becoming an activist investor.

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Hard
✗ FALSE

He played chess at Princeton but wasn't a professional. He studied philosophy and briefly attended medical school before switching to finance.

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