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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 names of those vulture funds should be familiar: insider John Paulson's Paulson and Company, David Tepper's Appaloosa Management, Marathon Asset Management, Blue Mountain Capital, and Monarch Alternative Capital. Bloomberg reported on Election Day that ...
Posted: June 20, 2017, 6:07 am
Tepper was born in New Jersey in 1957. He graduated from the University of Pittsburgh and did an MBA at Carnegie Mellon University (where the business school is now named after him) before working for a steel company that was undergoing financial problems.
Posted: June 16, 2017, 5:23 am
Peter Boockvar, chief market analyst at the Lindsey Group, wonders if this isn't "the reverse of the David Tepper moment for markets." The reference is to remarks the hedge fund manager made Sept. 24, 2010, on CNBC that started the "Tepper rally" in stocks.
Posted: June 21, 2017, 11:26 pm
Twenty-six states boast bigger donors, among them Texas, where retired hedge funder John Arnold has coughed up $1.5 billion, and New Jersey, from whence David Tepper cut more than $150 million in checks before hightailing it to Florida. To say nothing of ...
Posted: June 20, 2017, 4:23 am
When asked on CNBC whether his fund was short bonds, famed permabull David Tepper bellowed, “you bet your heinie.” All the ingredients seemed to be there. The Fed was going to raise rates; inflation was sure to pick up as the unemployment crept lower ...
Posted: June 21, 2017, 1:59 pm
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