Carl Icahn: "Net worth of median household is basically nothing"

So Icahn (net worth over $50 billion. He is a major philanthropist.) is saying that the bottom 50% of households have no net worth. They may have income, they may own a house, but when you pile on debt, they have nothing. I'm sure he's not too far wrong.

That was Wall Street billionaire investor Carl Icahn, speaking to CNBC’s Closing Bell on Tuesday, in the aftermath of emergency action taken by the government to mitigate the impact of one of the largest bank failures in U.S. history. The co-founder of Icahn Enterprises says that his investment portfolio is set up for more pain in the U.S. economy, which he notes is being buffeted by rapidly rising interest rates and escalating concerns about its overall health, as the Federal Reserve attempts to prevent inflationary pressures from becoming entrenched.