David Tepper’s profile picture

David Tepper

President and Founder, Appaloosa Management
David Tepper’s profile picture
Net worth 2018: $11 Billion
Industry: Investments
Residence: Miami Beach, Florida
Country: United States
BirthDay: 11 September 1957
Sigh: Libra
Children: 3
Education: Bachelor of Arts / Science, University of Pittsburgh; Master of Business Administration, David A. Tepper School of Business
BIOGRAPHY

David Tepper was bornon 11 September 1957 in Miami Beach, Florida, United States, is President and Founder, Appaloosa Management. David Tepper is #142 in List Billionaires People In The World. David Tepper, arguably the greatest hedge fund manager of his generation, has been steadily returning money to client investors in recent years. Tepper's Appaloosa Management hedge fund firm now manages some $17 billion and is based in Miami Beach, Florida.

NET WORTH STATISTIC
2009

$3 Billion

2010

$4.3 Billion

2011

$5 Billion

2012

$5.5 Billion

2013

$7.9 Billion

2014

$10 Billion

2015

$11.6 Billion

2016

$11.4 Billion

2017

$11 Billion

2018

$11 Billion

I am the animal at the head of the pack. I generally am. I either get eaten or I get the good grass.

David Tepper
TIMELINE
2016

Tepper supported the 2016 Jeb Bush presidential campaign

2014

In 2014, several media outlets reported that he separated from his wife

2013

Further, in November 2013, Carnegie Mellon announced a $67 million gift from Tepper to develop the Tepper Quadrangle on the north campus

2012

In March 2012, Tepper and his former colleague, Alan Fournier founded a political action group, Better Education For Kids

2011

According to the NJ Star Ledger on June 24, 2011, "Last week, the fledgling group launched a $1 million campaign to advertise its mission and solicit donations

2010

In March 2010, the New York Times reported that Tepper's success made him the top-earning hedge fund manager of 2009

2009

On September 25, 2009, Tepper purchased a 5% stake in the Pittsburgh Steelers

2006

In 2006, Tepper donated $1 million to United Jewish Communities of MetroWest New Jersey toward their Israel Emergency Campaign

2003

On March 19, 2003, Tepper announced that he would make a single donation of $55 million to Carnegie Mellon University's business school (then called the Graduate School of Industrial Administration—GSIA)

2001

In 2001, he generated a 61% return by focusing on distressed bonds, and in the fourth quarter of 2005 he pursued what he saw as better opportunities in Standard & Poor's 500 stocks

1992

He left Goldman in December 1992 and started Appaloosa Management in early 1993

1986

In 1986, he married Marlene Resnick Tepper; they have three children: Brian, Randi, and Casey

1984

In 1984, he was recruited to Keystone Mutual Funds (now part of Evergreen Funds) in Boston, and in 1985, Tepper was recruited by Goldman Sachs, which was forming its high yield group

1982

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

1980

, where he helped run junk-bond trading during the late 1980s and early 1990s

1978

He graduated from the University of Pittsburgh in 1978 with a bachelor's degree in economics

1957

David Alan Tepper (born September 11, 1957) is an American investor, hedge fund manager, and philanthropist

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