David Tepper Bio | Wiki
David Tepper ( Full Name: David Alan Tepper) is a popular American billionaire hedge fund manager who is the founder and president of Appaloosa Management. He is also the owner of the Carolina Panthers of the National Football League (NFL) and Charlotte FC in Major League Soccer (MLS). On March 19, 2004, David reported that he would make a single donation of $55 million to Carnegie Mellon University’s business school.
His Appaloosa Management holds a $74.9 million stake in Microsoft Corporation (NASDAQ: MSFT) as of March 2023. Appaloosa Management’s largest hedge fund investor in our database of 943 hedge funds is Michael Larson’s Bill & Melinda Gates Foundation Trust with a $11 billion investment and a total, of 289 hedge funds have invested in Microsoft Corporation (NASDAQ: MSFT).
For the 2012 tax year, Institutional Investor’s Alpha ranked David’s $2.2 billion paycheck as the world’s highest for a hedge fund manager. David received the third position on Forbes ”The Highest-Earning Hedge Fund Managers 2018” having annual earnings of $1.5 billion. A 2010 profile in New York described David as the object of “a certain amount of hero worship inside the industry,” with one investor calling him “a golden god.” He disclosed plans to finally change this hedge fund into a family office.
David Tepper Age
David was born on September 11, 1957, in Pittsburgh, Pennsylvania, in the United States. He is 66 years old. David celebrates his birthday on September 11, every year.
David Tepper Height
He is a man of average stature. David stands at a height of 5 ft 7 in ( Approx. 1.7m ).
David Tepper Family
He was born in Pittsburgh, Pennsylvania, the second of three children of Harry who works as an accountant, and Roberta who works as an elementary school teacher. David was brought up in a Jewish family in the Stanton Heights neighborhood of the East End of Pittsburgh, Pennsylvania. He has two siblings, a brother named Robert Tepper and a sister named Terri Tepper Eisenstadt.
David Tepper Wife
David is married to his wife Nicole Bronish. The pair married in 2019 following a long-term relationship. Previously from 1986 to 2016, David was married to Marlene Resnick Tepper. David and Marlene Resnick Tepper have three children: Brian, Randi, and Casey.
David Tepper Daughter
He has a daughter named Casey Tepper who works as a freelance graphic designer. Casey earned a Bachelor of Arts in Digital Arts in 2015 at Union College. Following graduation, she entered the School of Visual Arts and also earned a Certificate in Graphic Design from Shellington Education. David’s other daughter Randi is a Political Science degree holder from Emory University.
David Tepper Education
He went to Peabody High School in Pittsburgh’s East Liberty neighborhood, and later on to the University of Pittsburgh, helping pay his way by serving at the Frick Fine Arts Library. David earned a Bachelor of Arts degree in economics and graduated with honors. David also started small-scale investing in many markets during college. David’s first two investments, given to him by his father, were Pennsylvania Engineering Co. and Career Academies which later went bankrupt.
Following graduation David joined the finance industry, serving for Equibank as a credit analyst in the treasury department. In 1980, unsatisfied with this role, David attended Carnegie Mellon University’s business school to pursue its then-equivalent of MBA, a Master of Science in Industrial Administration (MSIA).
David Tepper Panthers | Carolina Panthers | Buys Panthers
He purchased bought the NFL’s Carolina Panthers from former owner and founder Jerry Richardson in May 2018, and became forced to market his Steelers shares. David beat out a rival bidder with more ties to the Carolinas, Ben Navarro, appreciates both to speedy NFL vetting (his Steelers part-ownership allowed the league’s owners to bypass the process) plus his $2.2 billion bid, the highest in NFL history, lacking other investors (unlike Navarro’s). The group’s lease on Bank of America Stadium expired following the 2018 season. In a statement, David committed to keeping the team in the Carolinas.
David Tepper House
David bought the Quail Hollow mansion formerly owned by retired Panthers head coach John Fox for $5.35 million. Additionally, he owns an oceanfront mansion in the Hamptons, which tabloids have named his “revenge estate.” David purchased that property in 2011 from retired New Jersey governor, Jon Corzine, his previous Goldman Sachs boss who’d passed him over twice for partnership. Following buying it, David tore the house down and built one twice its size in its place.
David Tepper Portfolio | Portfolio 2022
In 2020 the highest parts of his portfolio are Alibaba with 13% and Amazon with 11%. He also made some big trades in his $1.3 billion Appaloosa stock portfolio last quarter, according to 13F filings with the Sec.
David Tepper Rock Hill
His company and the city of Rock Hill agree to settle for $20M in the bankruptcy case over the failed Panthers’ headquarters.
David Tepper Interview
His CNBC interview and FinTV’s coverage of it caused a ripple in the markets. In his interview, David made a number of points and observations, which resulted in his “leaning short” of the markets including he is “leaning short” right now. Meaning, to me, he may change his mind at any time.
David Tepper Book
On October 31, 2014, Maneet Ahuja published a book titled The Alpha Masters: Unlocking the Genius of the World’s Top Hedge Funds. The book disclosed The Cool Childhood Of Hedge Fund God David. In Ahuja’s book, David describes himself as a shy and quiet kid.
David Tepper Richest Nfl Owner
Not only is David the richest owner in the NFL, but he’s also the eighth-richest owner of any sports team in the globe, making him the only NFL owner to crack the world’s best-10 list, according to Forbes.
David Tepper Family Office
David created Appaloosa Management in early 1993. In 2019, David reported plans to return outside money to investors and change Appaloosa into a family office. Around 90% of the assets now belong to David and other employees of the firm. His firm still has a negative outlook on markets and has not made acquisitions in recent months.
David Tepper Foundation | Charitable Foundation
In 2020, together with other philanthropists, David donated $2.65 million through David A. Tepper Foundation to assist Chicago with its share of the struggle from the coronavirus pandemic. All offers to the fund will be distributed to nonprofit organizations, which will assist give citizens wider access to the help they need, including basic supplies, food, utility, mortgage and rent, household funds, and safety and operations assistance. In April 2020, David’s cumulative donations toward COVID-19 relief efforts surpassed $22 million.
In September 2021, it was reported that the Nicole & David Tepper Foundation and the David A. Tepper Charitable Foundation would offer $1 million to the Hurricane Ida relief effort.
David Tepper Email
His Address is Carolina Panthers. 800 South Mint Street. Charlotte, NC 28202 and Telephone. Switchboard: 704-358-7000. Tickets: 704-358-7800.
David Tepper Will Levis
A league source talking with Ellis Williams from the Charlotte Observer claimed David has already set his sights on Will Levis, the Kentucky prospect who will be one of the best polarizing figures during the all-important assessment process leading up to the draft.
David Tepper New Jersey
He, whose 2015 move to Florida made a substantial hit to New Jersey’s annual tax revenue, is once again a New Jerseyan, as for one of the state’s top elected officials. In a debate in the New Jersey Senate over a bill that would add the tax rate on residents with incomes of over $1 million, Republican Sen. Joe Pennacchio used David’s decision to domicile in Florida as an example of how the rich would flee New Jersey due to the higher tax rate.
David Tepper Real Estate
His real estate firm, GT Real Estate Holdings LLC, has filed for Chapter 11 bankruptcy, as for a report from Joseph Person and Daniel Kaplan of The Athletic. Per the report, David’s real estate company went bankrupt after the issues related to the team’s new facility slated for Rock Hill, S.C. His GT Real Estate Holdings LLC had liabilities between $100 million and $500 million, assets between $100 million and $500 million, and up to 49 creditors.
David Tepper Stock Market
He has had a great year on the stock market so far. And 2023 saw quite a bit of shakeup in his portfolio also. Discounting puts, calls, bonds, notes, and ETFs, the billionaire investor’s Q1 2023 investment portfolio had held shares of 25 companies.
David Tepper Steelers
On September 25, 2009, David bought a 5% stake in the National Football League’s (NFL) Pittsburgh Steelers.
David Tepper Young
He was brought up in a Jewish family in the Stanton Heights neighborhood of the East End of Pittsburgh, Pennsylvania. As a boy David “played football and memorized the baseball statistics on the backs of cards given to him by his grandfather—early proof of what David claims is a photographic memory.”
David Tepper Press Conference
He takes questions during a press conference at Bank of America Stadium in Charlotte, N.C., Monday, Oct. 10, 2022. David fired Panthers head coach Matt Rhule on Monday.
David Tepper Stocks | Stock Holdings | Holdings
– EQT Corporation (NYSE: EQT)
– FedEx Corporation (NYSE: FDX)
– Microsoft Corporation (NASDAQ: MSFT)
– UnitedHealth Group Incorporated (NYSE: UNH)
– Salesforce, Inc.
– NVIDIA Corporation (NASDAQ: NVDA)
– Tesla, Inc. (NASDAQ: TSLA)
– HCA Healthcare, Inc. (NYSE: HCA)
Mark Tepper Related To David Tepper
Although they share the surname “Tepper”, Mark and David have no kinship ties. Mark Tepper is an American financial analyst and author who works as the CEO of Strategic Wealth Partners. As an effective communicator, Mark’s expertise is sought by national media outlets including Fox Business.
David Tepper Private Jet
In 2016, David spoke about his Airline Investments Nosedive. Presently, David has not disclosed much regarding his private jet.
David Tepper Yacht
He owns a yacht with a length of 222 feet. David can sleep 12 guests in 6 cabins and 18 crew in 8 cabins and have trips to the Netherlands and the Caribbean often seen as the norm.
David Tepper 13f
His 13F portfolio value grew to approximately $1.89B, with the number of holdings rising from 23 to 28.
David Tepper Salary
He earns a satisfying amount from his work as a billionaire hedge fund manager who is the founder and president of Appaloosa Management, owner of Carolina Panthers of the National Football League (NFL), and Charlotte FC in Major League Soccer (MLS). David’s average salary is $1.6 billion per year.
David Tepper Net Worth
He gets his wealth from his work as a billionaire hedge fund manager who is the founder and president of Appaloosa Management, owner of Carolina Panthers of the National Football League (NFL), and Charlotte FC in Major League Soccer (MLS). Therefore, David has accumulated a decent fortune over the years. David’s net worth is $18.5 billion.
How Old Is David Tepper
David is a 66-year-old who was born on September 11, 1957, in Pittsburgh, Pennsylvania, in the United States. David celebrates his birthday on September 11, every year.
How Did David Tepper Make His Money
His way to becoming one of the wealthiest people on the globe was through managing capital and through his skills of trading and investing with the leverage of other people’s capital.
Is David Tepper Married
Yes, he married Nicole Bronish in 2019 following a long-term relationship. From 1986 to 2016, David was married to Marlene Resnick Tepper. He and Marlene Resnick Tepper have three children: Brian, Randi, and Casey.
Who Is David Tepper
He is an American billionaire hedge fund manager who is the founder and president of Appaloosa Management, owner of Carolina Panthers of the National Football League (NFL), and Charlotte FC in Major League Soccer (MLS). On September 25, 2009, David bought a 5% stake in the National Football League’s (NFL) Pittsburgh Steelers.
David Tepper Social Media Account
Twitter – @DavidTepper5