David Tepper
$21.3B
Born
Sep 11, 1957
Age
67
Source of Wealth
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
- 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.
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