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Billionaire Carl Icahn prepares to hand over hedge fund to his son

Brett Icahn is emerging as the likely successor to one of the most famous investors of all time. But his father is not ready to hand over the reins just yet.

Carl Icahn
Carl Icahn Photo: Getty Images

At 83, Carl Icahn, the billionaire financier legendary for waging guerrilla warfare with corporate targets from TWA to Dell, finally has a succession plan. It’s a little complicated.

Fed up with New York, Icahn says he’s moving his hedge fund to Miami and laying the groundwork to hand it over to his son, Brett.

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