--- description: Carl Icahn tweeted on Wednesday that he was out of Netflix. He received an awfully lovely parting gift. title: Here's How Much Carl Icahn Made On His Netflix Investment image: https://static.time.com/v3/assets/bltea6093859af6183b/bltba1a356fb9c37287/69885866524fc0bff6df34cd/gettyimages-454014860.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  * [Business](/section/business/) ## Business Update your preferences in [Account Settings](/account/preferences/) Close # Here's How Much Carl Icahn Made On His Netflix Investment by [Claire Zillman / Fortune](/author/fortune/) ## Claire Zillman / Fortune Update your preferences in [Account Settings](/account/preferences/) Close Jun 25, 2015 5:18 PM CUT  CNBC's Scott Wapner interviews Carl Icahn, Chairman, Icahn Enterprises at the CNBC Institutional Investor Delivering Alpha Conference in New York. CNBC's Scott Wapner interviews Carl Icahn, Chairman, Icahn Enterprises at the CNBC Institutional Investor Delivering Alpha Conference in New York.CNBC—NBCU Photo Bank via Getty Images by [Claire Zillman / Fortune](/author/fortune/) ## Claire Zillman / Fortune Update your preferences in [Account Settings](/account/preferences/) Close Jun 25, 2015 5:18 PM CUT Carl Icahn [tweeted on Wednesday](https://twitter.com/Carl%5FC%5FIcahn/status/613718497219076096 "undefined") that he was out of Netflix. He received an awfully lovely parting gift. The famed investor made a [reported $2 billion](http://www.businessinsider.com/carl-icahn-and-netflix-2015-6 "undefined") on his investment in the online streaming service. After announcing a 7-for-1 stock split on Tuesday, Netflix stock reached a record high Wednesday just before Icahn sold the last of his shares. [Icahn became one of Netflix’s largest shareholders in 2012](http://www.marketwatch.com/story/carl-icahn-sells-his-netflix-stock-near-record-highs-2015-06-24 "undefined") after taking a 10% stake at $58 per share. He acquired the stock with the expectation that the company would soon be acquired. Icahn’s prediction was wrong but the trade still paid off. Since the fall of 2012, [Netflix’s stock has spiked more than 12-fold](http://www.marketwatch.com/story/carl-icahn-sells-his-netflix-stock-near-record-highs-2015-06-24 "undefined") and has nearly doubled in this year alone. \[[Business Insider](http://www.businessinsider.com/carl-icahn-and-netflix-2015-6 "undefined")\] ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/3936181/carl-ichan-netflix/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/3936181/carl-ichan-netflix/"},"headline":"Here's How Much Carl Icahn Made On His Netflix Investment","datePublished":"2015-06-25T17:18:29.000Z","dateModified":"2026-04-13T08:05:51.061Z","description":"He received an awfully lovely parting gift","url":"https://time.com/3936181/carl-ichan-netflix/","keywords":["Tech","Netflix","Investing","carl icahn"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/bltba1a356fb9c37287/69885866524fc0bff6df34cd/gettyimages-454014860.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Claire Zillman / Fortune"}],"articleSection":"Business","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/bltba1a356fb9c37287/69885866524fc0bff6df34cd/gettyimages-454014860.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"CNBC Events - Season 2014","caption":"CNBC Events - Season 2014","creditText":"CNBC—NBCU Photo Bank via Getty Images","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/business/","name":"Business"}},{"@type":"ListItem","position":2,"item":{"@id":"https://time.com/3936181/carl-ichan-netflix/","name":"Here's How Much Carl Icahn Made On His Netflix Investment"}}]},{"@context":"https://schema.org","@type":"VideoObject","name":"House of Cards and the Rising Success of Netflix","description":"Netflix used to mail DVDs. 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