Learn the Incredible Wealth of David Tepper
![]()
$10.4 Billion
David Tepper’s Life and Achievements
David Alan Tepper hails from Pittsburgh, Pennsylvania, USA, and is known as a prominent businessman, investor, and hedge fund manager. He is the mastermind behind Appaloosa Management, a company that invests in public equity and fixed income markets globally. Since the late 1970s, he has been making significant strides in his career.
According to Forbes, David Tepper’s colossal net worth is estimated at an impressive $10.4 billion as of early 2016, securing his position as the 60th wealthiest individual in the world. In 2012, he ranked No. 1 for earning a paycheck of $2.2 billion from Institutional Investor’s Alpha.
David Tepper’s Monumental Financial Fortune
David Tepper grew up in Pittsburgh’s East End in a Jewish household, alongside his two siblings. After graduating from Peabody High School, he pursued a BA degree in Economics with honors at the University of Pittsburgh in 1978.
From a young age, Tepper delved into investments. His initial ventures in Pennsylvania Engineering Co. and Career Academies resulted in bankruptcy. Nevertheless, he persevered and kick-started his professional journey in the finance industry. He commenced his career as a credit analyst at Equibank in the Treasury Department. Subsequently, he pursued a MS degree in Industrial Administration at the Carnegie Mellon University’s business school, while working at the Treasury Department at Republic Steel of Ohio.
In 1984, he was recruited by Keystone Mutual Funds, and the following year, he joined Goldman Sachs. Eventually, he became the head trader on the high-yield desk, focusing on bankruptcies and special situations. After successful stints, he departed from Goldman Sachs and established his own company, Appaloosa Management, initially serving as a junk bond investment boutique, which later evolved into a hedge fund.
During the 2000s, the company’s value soared, attracting notable investors such as General Motors. In 2007, its estimated worth was $5.3 billion, which escalated to $12 billion in 2010, and presently stands at $14 billion, serving as the primary source of David’s wealth.
Due to his outstanding career, David Tepper has received numerous awards and accolades. In 2014, Forbes featured David among the 25 Highest-Earning hedge fund managers for 2013.
On a personal note, David Tepper has been happily married to Marlene Tepper since 1986, and together they have three children. They currently reside in Livingston, New Jersey. In his leisure time, he indulges in sports such as baseball, soccer, and softball. Similar to many other billionaires, Tepper is renowned for his philanthropy, having donated over $55 million to the Carnegie Mellon University’s business school, as well as contributing over $1 million to the United Jewish Communities of New Jersey and other charitable causes.
- Structural Info
| Net Worth | $10.4 Billion |
| Date Of Birth | September 11, 1957 |
| Place Of Birth | Pittsburgh, Pennsylvania, United States |
| Profession | Businessperson, Investor |
| Education | Carnegie Mellon University, Peabody High School, University of Pittsburgh |
| Nationality | United States of America |
| Nicknames | David A Tepper |
