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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, who runs $19 billion distressed debt hedge fund Appaloosa Management, was on CNBC's "Squawk Box" moments ago. The hedge fund manager talked about the markets, the Fed and the government shutdown. Here's a recap from the show: They're opening ...
Posted: October 15, 2013, 6:45 am
Hedge fund giant David Tepper made a ridiculous amount of money in 2013. Michelle Celarier at the NY Post reports: It could be one heckuva New Year’s Eve party for hedge fund titan David Tepper — again. The founder of Appaloosa Management, with more ...
Posted: December 30, 2013, 6:43 am
David Tepper woke up this morning in Pittsburgh facing a day filled with promise for his Pennsylvania hometown. He would be announcing a $67 million donation to Carnegie Mellon University. Bringing his total gifts to more than $125 million, it would make ...
Posted: November 15, 2013, 10:46 am
Hedge fund billionaire David Tepper once staked 67.5% of his portfolio in financial services stocks close to the height of the financial crisis of 2009. He has since eased off of that concentrated weighting considerably, but it is still his favorite sector ...
Posted: September 20, 2013, 6:50 am
Both Tepper and Einhorn hold a notable stake in General Motors. The gurus are also amongst the top guru shareholders of the stock with Einhorn being the second largest shareholder and Tepper being the sixth largest holder. As of the close of the third ...
Posted: December 24, 2013, 12:01 pm
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