Rank #118
David Tepper
Net worth $23.7B
Hedge funds · United States
- Born
- Sep 11, 1957
- Age
- 68
- Source
- Hedge funds
- Residence
- Palm Beach, Florida
- Citizenship
- United States
- Marital status
- Married
- Children
- 3
- Education
- Master of Business Administration, David A. Tepper School of Business; Bachelor of Arts/Science, University of Pittsburgh
Net worth over time
Biography
- David Tepper, arguably the greatest hedge fund manager of his generation, founded Appaloosa Management in 1993.
- Tepper has been returning client assets over the last decade, and Appaloosa's $17 billion under management now is primarily his own personal capital.
- He decided to move from New Jersey to Florida in 2016 and relocated his hedge fund firm there.
- Tepper bought the Carolina Panthers NFL team in 2018 in a $2.3 billion deal.
- Once the head of the junk bond desk at Goldman Sachs, he left after being passed over for partner to start Appaloosa.
- Tepper gifted $67 million to Carnegie Mellon University, sponsoring the David Tepper Quadrangle, a building aiming to create a collaborative learning environment.