Carl Icahn’s big bet on Apple is paying off huge.
During an interview today defending his belief that Apple will make a 65-inch UltraHD TV, the billionaire revealed his investment in Apple starting in 2013 has been one of the greatest trades of all time, netting about $3.4 billion.
Icahn owns more than 52 million shares and stands to make even more if Apple shares reach his current estimated value of $240 (shares closed today at 129.989). Watch what Icahn had to say about his mega-investment below:
With more than $3.4 billion in net profit, Icahn is now in the elite company of other huge traders such as George Soros, who made about $1 billion by shorting the British pound in 1992, and Bill Ackman’s $3 billion bet on General Growth Properties from 2008 to 2014.
Source: CNBC
Buster Hein is a freelance writer who lives in Phoenix, Arizona. Twitter: @bst3r.
