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David Tepper Net Worth is $5.1 Billion.

David Tepper Net Worth is $5.1 Billion. David Tepper net worth: David Tepper is an American businessman and philanthropist with a net worth of $5.1 billion dollars which makes him one of the richest people in New Jersey. Born in Pittsburgh, Pennsylva David Alan Tepper is an American hedge fund manager and the founder of Appaloosa Management. His investment specialty is distressed companies. In recent years he's become known as a philanthropist, his largest gift going to Carnegie Mellon University, whose Tepper School of Business is named after him. He earned his BA in Economics from the University of Pittsburgh in 1978 and his MBA from Carnegie Mellon in 1982.
Tepper was raised in the East End of Pittsburgh in the city section known as Stanton Heights and attended Peabody High School in the East Liberty neighborhood of Pittsburgh, Pennsylvania. At the University of Pittsburgh he paid his way through school by working at the Frick Fine Arts library. He graduated with honors receiving his Bachelor of Arts degree in Economics. He also dabbled in the markets during college.
After graduation he entered the finance industry working for Equibank as a Credit Analyst in the Treasury...
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David Tepper Latest News

Israel Englander Breaks Into Barron’s Top 100 Performing Hedge Funds, as Ex-Underling Takes No. 1 Spot

It had no rank in 2014. Meanwhile, David Tepper’s Appaloosa Management slipped in its ranking to 35 from 25 in 2014, with its $18 billion Palomino Limited fund turning in a 17.50% return in the same timeframe. Hedge funds, which utilize a variety of ...
Posted: June 20, 2016, 5:26 pm

3 Catalysts for U.S. Equity Market Correction (KMI, SWN)

Billionaire David Tepper, co-founder of the hugely successful hedge fund Appaloosa Management, is someone to listen to, since he has been right much more often than wrong over the past 20 years. His hedge fund has made so much money that he has several ...
Posted: June 13, 2016, 9:00 pm

Hedge Funds Still Can't Figure Out a Way to Avoid a $25 Billion Tax Bill

The combined bill for the likes of Steven Cohen, David Tepper and John Paulson could reach tens of billions. Charities could benefit too, because the best way for the rich to cut liabilities is to donate to an IRS-approved cause. The $100 billion number ...
Posted: June 21, 2016, 9:17 am

Caesars Entertainment's Survival May Depend on Billionaire Dropping Bankruptcy Fight

And that deal may rest on the appetite of a few billionaires to either drop the fight or keep it going. David Tepper, the hedge fund manager at Appaloosa Management L.P., is one of the lead holdouts in Caesars Entertainment's proposed restructuring plan.
Posted: June 17, 2016, 2:19 pm

SolarCity Corp (SCTY) And Sunedison Inc (SUNEQ) Stock: Here's Why They Should Make The Most Of The Next Four Months

However, to Sunedison’s dismay the deal brought bad fate to the company. Earlier, David Tepper from Appaloosa Management criticized the deal calling it one sided and benefitting only Sunedison. Later, Sunedison had issues with Terraform after the yield ...
Posted: June 23, 2016, 2:57 pm
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