American billionaire Carl Icahn's wealth plunged over $10 billion on Tuesday after Hindenburg Research accused Icahn Enterprises of overvaluing its holdings and relying on a "Ponzi-like" structure to pay dividends. As per Bloomberg, Icahn's wealth fell 41% to $14.6 billion, dropping him from the world's 58th-richest person to the 119th. The billionaire owns over 85% of Icahn Enterprises' units.