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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...
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David Tepper Latest News

Hedge Fund News: David Tepper, Ray Dalio, Jana Partners

Hedge Fund Manager Tepper Is ‘On Guard’ Toward The Market (CNBC) Hedge fund billionaire David Tepper, who may already have signaled in a recent filing that he is less bullish on markets, is now “on guard” in his approach to trading, according to ...
Posted: August 15, 2016, 2:43 pm

David Tepper Is "On Guard" As "Central Banks Are Starting To Distort Stock Markets"

On Friday, after Appaloosa released its latest 13F, we wondered if David Tepper had caught the "bearish billionaire bug" when, as his latest holding filing showed, he not only eliminated his massive SPY and QQQ call positions, but reduced the overall size ...
Posted: August 14, 2016, 9:43 pm

Hedge Funds 2nd Quarter Most Sought-After Banks

The last time he made an investment in BAC was in 2014. David Tepper (Appaloosa Management): David was a notable seller I wanted to mention. He sold 6.89 million shares. Both bank sell for below book value and have low P/E ratios compared to the overall ...
Posted: August 25, 2016, 9:00 am

Mid-Morning Market Update: Markets Open Higher; USG To Divest L&W Supply For $670M

Equities Trading DOWN Caesars Entertainment Corp (NASDAQ: CZR) shares dropped 16 percent to $6.32. The New York Post reported that David Tepper's Appaloosa Management is likely to win an $11 billion lawsuit versus Caesars Entertainment. Shares of BOS ...
Posted: August 29, 2016, 8:52 am

Caesars Shares Bust on Bankruptcy Ruling

The primary architects of this lawsuit are none other than David Tepper’s Appaloosa Management, Apollo Global and TPG Capital. As the creditor, Appaloosa is making the case that Caesars reneged on its agreement to make good on its debt. Caesars has been ...
Posted: August 29, 2016, 8:15 am
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