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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
Handicapping the Fed Futures trading shows a strong chance of a Federal Reserve rate increase next month. Source: Bloomberg David Tepper of Appaloosa Management told the Robin Hood Investor's Conference on Monday that the yuan is massively overvalued ...
Posted: November 17, 2015, 12:47 pm
David Tepper says a yuan devaluation may be coming in China. John Burbank warns that a hard landing there could spark a global recession. Tepper, the billionaire owner of Appaloosa Management, said last week at the Robin Hood Investor’s Conference that ...
Posted: November 23, 2015, 8:04 am
This article is part of a series that provides an ongoing analysis of the changes made to David Tepper's US stock portfolio on a quarterly basis. It is based on Appaloosa Management's regulatory 13F Form filed on 11/13/2015. Please visit our Tracking David ...
Posted: November 17, 2015, 8:22 am
13F Friday is finally here, and therefore investors learn what the picks and pans were from institutional investors over the third quarter. On late Friday, David Tepper’s Appaloosa Management LP disclosed its long equity stakes as of September 30, 2015.
Posted: November 15, 2015, 12:38 pm
What’s ahead for the US stock market? Hedge fund billionaire David Tepper believes that if China (FXI) eases its monetary policy further, the US Fed might raise rates in December. The Fed last raised rates in 2006. Since then, the US interest rate has ...
Posted: November 24, 2015, 8:52 am
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