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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...
David Tepper Latest News
The company is based in New York City. Meet the 5 N.J. men on Forbes 400 richest people in U.S. list Ranked fifth on the magazine's list is David Tepper, the president and founder of the Short Hills-based Appaloosa Management. Tepper earned $700 million ...
Posted: May 18, 2017, 4:47 am
More specifically, David Tepper's Appaloosa sold 2.88 million shares, or 56% of its stake in Teva, while Paulson & Co. jettisoned 4.93 million shares, equal to 30% of its holdings. Teva has four main issues that have weakened in share price recently.
Posted: May 22, 2017, 6:50 am
David Tepper's hedge fund Appaloosa L.P. made only a few notable changes to its U.S. equity holdings during the first quarter, while the value of its holdings increased 7.9%, compared with a 5.5% gain in the S&P 500 SPX, -0.15% during the same time.
Posted: May 12, 2017, 1:29 pm
As is his wont, Third Point’s Dan Loeb is taking a little break (and some profits) from Apple, while David Tepper is hedging his bets. The 13Fs don’t indicate whether the two were showing solidarity with their industry against Warren Buffett, getting ...
Posted: May 15, 2017, 3:16 pm
Yes, David Tepper's Appaloosa bought Snapchat in Q1. No, it wasn't a material amount: he only bought a 100,000 share flier in the name, or under $2.3 million. What is most notable about Tapper's Q1 holdings (aside from the SNAP non-story, of course) is ...
Posted: May 13, 2017, 6:12 am
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