Carl Icahn’s fortune has plummeted from a recent peak of about $17.5 billion to roughly $4.8 billion — the biggest drop of his storied career — after a bruising battle with short-seller Hindenburg Research, according to Forbes.

The nearly 75% drop in Icahn’s net worth from 2023 to this year came as Hindenburg accused his firm of inflated valuations and unsustainable dividends — allegations Icahn strongly rejected.

The 89-year-old activist investor — once considered one of Wall Street’s fiercest corporate raiders — insisted in a recent series of interviews with The Wall Street Journal that he’s still a fighter .

He also reportedly enjoys betting on NFL games every week, winning about $80,000 through bets on the San Francisco 49ers and the Seattle Seahawks on Sunday.

Friends of Icah

See Full Page