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David Tepper

David Tepper
Tepper in 2006
Born
David Alan Tepper

(1957-09-11) September 11, 1957 (age 67)
Pittsburgh, Pennsylvania, U.S.
Alma materUniversity of Pittsburgh (BA)
Carnegie Mellon University (MSIA)
OccupationHedge fund manager
EmployerAppaloosa Management
Known forOwner of the Carolina Panthers
Owner of Charlotte FC
President of Appaloosa Management
Spouses
Marlene Tepper
​
​
(m. 1986; div. 2016)​
Nicole Bronish
​
(m. 2019)​
Children3

David Alan Tepper (born September 11, 1957) is an American billionaire hedge fund manager. He is the owner of the Carolina Panthers of the National Football League (NFL) and Charlotte FC in Major League Soccer (MLS). Tepper is the founder and president of Appaloosa Management, a global hedge fund based in Miami Beach, Florida.

He earned a bachelor's degree in economics from the University of Pittsburgh in 1978, and an MBA from Carnegie Mellon University in 1982. In 2013, he donated his largest gift of $67 million to Carnegie Mellon, whose Tepper School of Business is named after him.[1]

For the 2012 tax year, Institutional Investor's Alpha ranked Tepper's $2.2 billion paycheck as the world's highest for a hedge fund manager.[2] He earned the third position on Forbes ''The Highest-Earning Hedge Fund Managers 2018'' with an annual earnings of $1.5 billion.[3] A 2010 profile in New York described him as the object of "a certain amount of hero worship inside the industry," with one investor calling him "a golden god."[4] Tepper revealed plans to eventually convert this hedge fund into a family office.[5]

  1. ^ Cite error: The named reference Forbes was invoked but never defined (see the help page).
  2. ^ Hedge Fund Titans’ Pay Stretching to 10 Figures Archived October 16, 2015, at the Wayback Machine April 15, 2013, New York Times
  3. ^ "The 25 Highest-Earning Hedge Fund Managers And Traders". Forbes. April 17, 2018. Archived from the original on July 7, 2019.
  4. ^ "Ready to Be Rich". NYMag.com. September 22, 2010. Archived from the original on November 18, 2018. Retrieved January 3, 2019.
  5. ^ "David Tepper Sees Path for Family Office". Sovereign Wealth Fund Institute. May 23, 2019. Archived from the original on May 24, 2019.

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