Icahn Enterprises began in the late 1980s as American Real Estate Partners and later expanded into a broader holding company under the Icahn name. The company is organized as a Delaware master limited partnership and operates through seven primary business segments: investment, energy, automotive, food packaging, real estate, home fashion, and pharma. Icahn Enterprises maintains a portfolio of operating businesses and investments that includes industrial, consumer, and real asset exposure, giving the company a wide mix of market activities across its holdings. The company is a diversified enterprise with ongoing operations across those segments.