Date of Birth: September 11, 1957
Zodiac Sign: Virgo
Biography
David Alan Tepper is an American businessman, hedge fund manager, and philanthropist. He is the founder and president of Appaloosa Management, a global hedge fund based in Miami Beach, Florida. Tepper was born and raised in Pittsburgh, Pennsylvania, and he has become one of the most successful investors in the world. His investment philosophy is characterized by a willingness to go against the grain, especially during times of market distress. Tepper’s significant achievements include turning Appaloosa Management into a financial powerhouse and becoming the owner of the Carolina Panthers of the National Football League (NFL) and Major League Soccer’s (MLS) Charlotte FC. Tepper’s career began in the finance industry in the 1980s, working at Goldman Sachs and other firms before establishing Appaloosa in 1993. His success skyrocketed during the financial crises of 2001 and 2008, where his strategic investments in distressed assets yielded substantial returns. Apart from his financial acumen, Tepper is known for his philanthropic efforts, particularly in education and community development.
5 Interesting Facts about David Tepper
1. David Tepper purchased the Carolina Panthers NFL team in 2018 for a then-record $2.2 billion.
2. He made a fortune during the 2008 financial crisis by purchasing distressed financial stocks.
3. Tepper has donated millions to educational institutions, including Carnegie Mellon University, where the business school is named in his honor.
4. He is known for his bold investment style and often makes significant bets on distressed companies.
5. Tepper relocated Appaloosa Management to Miami Beach, Florida, in 2016, citing a more favorable business environment.
5 Most Interesting Quotes from David Tepper
1. “Sometimes, the hardest thing to do is to do nothing.”
2. “I love to win, but I love the process of winning even more.”
3. “You have to learn to be an investor, and you have to learn to be an entrepreneur.”
4. “Markets adapt, people adapt. Don’t get stuck in the past.”
5. “In investing, what is comfortable is rarely profitable.”
Highest Net Worth Achieved
David Tepper’s highest net worth achieved is estimated to be around $16 billion as of 2023.
Children
David Tepper has three children. He has a son named Brian Tepper and two daughters named Casey Tepper and Randi Tepper.
Relevant Links
1. [David Tepper on Forbes](https://www.forbes.com/profile/david-tepper/
2. [Appaloosa Management Overview](https://www.bloomberg.com/profile/company/0079012D:US
