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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
David Tepper’s Appaloosa Management bought 3.7 million shares, valued at $520 million as of June 30 -- making it the third-biggest disclosed position in the firm’s stock portfolio. Stanley Druckenmiller’s Duquesne Family Office bought a $100 million ...
Posted: August 14, 2017, 5:11 pm
Remember when several months ago the news that David Tepper disclosed that his Appaloosa bought a (tiny 100,000 share) take in Snapchat in Q1, sending the stock briefly higher, especially after he said that he would add more if the price fell below its IPO ...
Posted: August 14, 2017, 6:12 am
The “Fast Money Halftime Report” traders discuss remarks from David Tepper, Appaloosa Management founder and president, about the stock market being relatively cheap to bonds and his market outlook.
Posted: August 15, 2017, 9:00 am
David Tepper of Appaloosa Management is rejecting fears that the market has become overvalued. Tepper sees a combination of low interest rates and strong global growth as underpinning stocks. The hedge fund billionaire is best known for kicking off the ...
Posted: August 15, 2017, 4:16 pm
David Tepper's Appaloosa Management sold its entire stake in the SPDR S&P 500 exchange-traded fund in the quarter. That ETF aims to track the performance of the broader market. Appaloosa had more than $350 million in the ETF at one point in the quarter.
Posted: August 14, 2017, 11:48 pm
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