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What happened between Bill Ackman and Carl Icahn?
Ackman lost money on his $1 billion short bet against Icahn's Herbalife. “This is not a guy who keeps his word. This is a guy who takes advantage of little people,” Ackman said of Icahn at the time. The two seemingly buried the hatchet a year later when they were photographed hugging at an investors' conference.
Did Ackman make money on Herbalife?
With a 26% stake, Carl Icahn remains Herbalife's largest shareholder. According to TheStreet, Icahn has made almost $1 billion profit from his investment. Meanwhile, Ackman has lost close to $1 billion on Herbalife. In this billionaire brawl, Icahn clearly came out the winner—at least in this round.