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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
Five firm founders - Ken Griffin, James Simons, Ray Dalio, David Tepper and Israel Englander - made at least $1 billion. By comparison, the average mutual fund portfolio manager, regardless of size or performance, is expected to make $634,000 in 2016 ...
Posted: November 23, 2016, 9:21 am
David Tepper’s 13F portfolio increased from $3.80B to $4.40B this quarter. Energy Transfer Partners is the largest individual stock position at 9.76% of the portfolio. A large new short position in S&P 500 thru SPY Puts was established during the quarter.
Posted: November 21, 2016, 12:19 am
However, heavyweight investors Leon Cooperman, David Einhorn, Carl Icahn and David Tepper have all been selling their Apple shares over the last couple quarters. Making heads or tails of who wins the Apple battle is anyone’s guess. And so, instead ...
Posted: November 23, 2016, 8:54 am
We call this this type of situation “cheap optionality”. This is where the big money is made. David Tepper, founder of hedge fund Appaloosa Management, is the master of exploiting the cheap optionality in distressed stocks. After the 2008 financial ...
Posted: November 28, 2016, 11:12 am
Dec. 2015: SunEdison revised the terms of its acquisition of Vivint. David Tepper, billionaire hedge-fund founder and 10-percent-owner of TerraForm, sues SunEdison in an attempt to block Vivint assets (and debt) from being moved to the YieldCo Steve ...
Posted: November 27, 2016, 7:59 am
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