Jewish billionaire businessman Carl Icahn is encouraging his eldest son to hone his money-making skills — with the help of a $3bn grant.
The American hedge fund manager, 76, allocated the cash to his son, Brett, to invest in listed companies worth up to $10bn.
While Mr Icahn senior will retain overall control of the portfolio of Icahn Enterprises, the family’s $24bn holding company, Brett will have day-to-day discretion over how to invest his grant.
Mr Icahn junior, 33, has worked as an analyst at Icahn Enterprises since he graduated from Princeton University 10 years ago.
