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What To Know About Carl Icahn, Trump's 'Special Adviser'

May 16, 20175:00 AM ET
PETER OVERBY
Donald Trump hadn't yet taken his oath as president when, last Dec. 21, he named Carl Icahn as "special adviser to the president on regulatory reform." He said Icahn would help him deal with "the strangling regulations that our country is faced with."

Icahn is an investor who made his first fortune as a "corporate raider," gaining control of companies through hostile takeovers and then selling assets. He ranks number 26 on the Forbes 400 list of wealthiest Americans, with $15.7 billion. (Forbes says Trump is worth $3.5 billion.).