David Tepper - Net Worth, Age, Height, Birthday, Bio, Wiki!

Explore David Tepper net worth, age, height, bio, birthday, wiki, and salary! In this article, we will discover how old is David Tepper? Who is David Tepper dating now & how much money does David Tepper have?

David Tepper Biography

David Tepper is one of the most popular and richest Businessman who was born on September 11, 1957 in Pittsburgh, Pennsylvania, United States.

David Alan Tepper (born September 11, 1957) is an American billionaire businessman, hedge fund manager, and philanthropist. He is the owner of the Carolina Panthers of the National Football League (NFL) and an unnamed Charlotte franchise in Major League Soccer (MLS). Tepper is also the founder and president of Appaloosa Management, a global hedge fund based in Miami Beach, Florida.

He earned a bachelor’s degree in economics from the University of Pittsburgh in 1978, and an MBA from Carnegie Mellon University in 1982. In 2013, he donated his largest gift of $67 million to Carnegie Mellon, whose Tepper School of Business is named after him.

Tepper was born on September 11, 1957. He is the second of three children of Harry, an accountant, and Roberta, an elementary school teacher. He was raised in a Jewish family in the Stanton Heights neighborhood of the East End of Pittsburgh, Pennsylvania. As a boy he “played football and memorized the baseball statistics on the backs of cards given to him by his grandfather—early evidence of what he claims is a photographic memory.” In a 2018 commencement address at Carnegie Mellon University, he revealed that his father had been physically abusive toward him. He attended Peabody High School in Pittsburgh’s East Liberty neighborhood, followed by the University of Pittsburgh, helping pay his way by working at the Frick Fine Arts library. He received a Bachelor of Arts degree in economics and graduated with honors. He also began small scale investing in various markets during college. His first two investments, given to him by his father, were Pennsylvania Engineering Co. and Career Academies. Both companies went bankrupt.

David Tepper Net Worth

Net Worth: According to Forbes, David Tepper’s net worth is estimated to be around 12 billion USD, making him one of the wealthiest businessmen in America. A considerable size of his net worth is allocated in his hedge fund Appaloosa Management, which has an AUM (assets under management) running into several billions of dollars. Additionally, he owns significant stakes in Alibaba and Amazon, two of the world’s most valuable corporations. His wealth is also invested in real estate and sports franchises like the Carolina Panthers of the National Football League and Charlotte FC in Major League Soccer which add significantly to his net worth.

Early Life: Born on September 11, 1957, into a Jewish family in Pittsburgh, Pennsylvania, David Tepper is the second child of Harry and Roberta Tepper. He pursued his Bachelor’s degree in economics from the University of Pittsburgh in 1978, and an MBA from Carnegie Mellon University in 1982, aiding his studies by working in the university’s library.

Career and Financial Growth: Tepper launched his career as a credit analyst at Equibank right after his graduation, but later enrolled at Carnegie Mellon University for a better position. After obtaining his MBA, he held key roles at Republic Steel, Keystone Mutual Funds, before eventually getting recruited by Goldman Sachs, where he became the head trader within six months. Despite not being made a partner at Goldman Sachs, Tepper’s innovative strategy during the 1987 stock market crash earned him considerable fame in the industry. In 1993, he founded his own hedge fund, Appaloosa Management which has consistently been one of the top-performing funds globally, bolstering Tepper’s wealth over the years.

Source of net worth: Tepper’s primary source of income is his hedge fund, Appaloosa Management. However, his investments in Alibaba and Amazon and his ownership of the Carolina Panthers and Charlotte FC have also contributed heavily to his enormous net worth.

Personal Projects and Ventures: Besides his primary business commitments, Tepper made notable investments in sports franchises, purchasing a 5% stake in the National Football League’s (NFL) Pittsburgh Steelers in 2009 and buying the NFL’s Carolina Panthers in 2018. He was also awarded the 30th MLS team, Charlotte FC, in 2019.

Philanthropy: David Tepper’s philanthropic activities are impressive, highlighted by his $67 million contribution to Carnegie Mellon, whose Tepper School of Business is named after him. He along with his ex-wife Marlene have committed millions to University of Pittsburgh’s scholarships and community outreach programs as well as to Rutgers University. His foundations also donated millions towards COVID-19 relief efforts and to Hurricane Ida relief effort.

Recent Developments: In October 2020, Tepper announced his intention to move back to New Jersey for family reasons. This follows his relocation to Miami Beach, Florida in 2016. With regards to economic trends, given the current resilience of the financial market and his hedge fund’s steady performance, his net worth is more likely to increase in the future.

In 1984, he was recruited to Keystone Mutual Funds (now part of Evergreen Funds) in Boston.

In 1985, Tepper was recruited by Goldman Sachs as a credit analyst, which was forming its high yield group in New York City. Within six months he became its head trader, remaining at Goldman for eight years. His primary focus was bankruptcies and special situations.

Ethnicity, religion & political views

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After earning his MBA in 1982, Tepper accepted a position in the treasury department of Republic Steel in Ohio.

Who is David Tepper Dating?

According to our records, David Tepper married to Nicole Tepper (m. 2019), Marlene Resnick Tepper (m. 1986–2014). As of January 13, 2024, David Tepper’s is not dating anyone.

In 1986, he married Marlene Resnick Tepper; they have three children: Brian, Randi, and Casey. In 2014, he separated from his wife. In 2019, he married his girlfriend, Nicole Bronish.

Height, Weight & Body Measurements

David Tepper height Not available right now. David weight Not Known & body measurements will update soon.

After graduation he entered the finance industry, working for Equibank as a credit analyst in the treasury department. In 1980, unsatisfied with this position, he enrolled at Carnegie Mellon University’s business school to pursue its then version of an MBA, a Master of Science in Industrial Administration (MSIA).

He is credited with playing a major role in the survival of Goldman Sachs after the 1987 market crash. He bought underlying bonds in the financial institutions that had been “crippled by the crash”, which soared in value once the market picked up again. He assumed he would be made a Goldman partner but he was passed over, partly because his “loud and profane” manner rubbed other more restrained Goldman executives the wrong way.

Facts & Trivia

David Ranked on the list of most popular Businessman. Also ranked in the elit list of famous people born in United States. David Tepper celebrates birthday on September 11 of every year.

In December 1992, after being passed over for partner at Goldman Sachs twice in two years, Tepper quit. He began operating from a desk in the offices of mutual-fund manager and Goldman client Michael Price, aggressively trading his personal account in hopes of raising enough money to start his own fund. He created Appaloosa Management in early 1993.

Who is the Tepper School of Business named after?

Can you invest in Appaloosa Management?

Where was David Tepper born?

Pittsburgh, PA

How can I contact David Tepper?

David Tepper Email Address @c-c-capital.com.

What does David Tepper do for a living?

Professions

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