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David Tepper Bio Data :
David Tepper was born on September 11, 1957, and he was born in the city of Pittsburgh in the state of Pennsylvania, in the United States. In addition to being an accountant, his father Harry worked as a high school English teacher, and his mother Roberta was also an English teacher. His forefathers and foremothers were of Jewish heritage. The University of Pittsburgh, where he spent four years studying economics, awarded him a bachelor’s degree in economics in 2010.
A few years later, he received his MBA from Carnegie Mellon University, which he has since used. Tepper married Marlene Resnick Tepper in 1986, and they have two children. There were three children born to the marriage, named Brian, Randi, and Casey. In 2014, he and his wife were said to have divorced, according to several media sites at the time. The following year, they decided to separate permanently. In 2016, he and his family relocated to Miami Beach, Florida, in order to be closer to their extended family. United States-based businessman, hedge fund manager, and philanthropist David Tepper is well-known for his achievements in the financial industry.
In addition to this, he owns the Carolina Panthers of the National Football League, which is his second commercial operation. Among the most successful hedge fund firms in history, Appaloosa Management, which he started and ran, is regarded as one of the most successful in the world. He is estimated to have a net worth of roughly $12 billion, according to the Forbes “The World’s Billionaires List,” which was released in 2012. (2019). Tepper was born in the city of Pittsburgh, in the state of Pennsylvania, and raised there until his death. He received a bachelor’s degree in economics from the University of Pittsburgh, where he graduated with distinction.
His MBA degree was obtained at Carnegie Mellon University in Pittsburgh. He teamed up with Jack Walton in 1993 to start Appaloosa Management, an employee-owned hedge fund that has been in operation to the present day. After six months, it achieved a return on its assets of 57%, and the funds have continued to expand over the course of a number of years. In 2014, the company’s assets under control exceeded $20 billion for the first time. Tepper is well-known for his humanitarian endeavors, and he has made a total of $125 million in financial and in-kind contributions to Carnegie Mellon University throughout the course of his career. Additionally, he has made considerable gifts to the endowment of the University of Pittsburgh.
David Tepper graduated from high school in 1982 and went on to work as a financial analyst in the treasury department of Republic Steel in Ohio. He has been with the company since. The Keystone Mutual Funds in Boston approached him after two years and offered him a position. He accepted the employment. He began working for Goldman Sachs in 1985 as a credit analyst, and he has remained with the organization ever since. With only six months under his belt, he had climbed to the position of chief trader, and he played a critical role in the company’s survival following the 1987 stock market crash.
He made the decision to depart the company in 1992. During the first quarter of 1993, he joined forces with Jack Walton, a former co-worker at Goldman Sachs who had become his business partner. A large amount of growth was seen by the company, which invests in public stock and fixed income markets around the world, in its early years. According to the corporation, within six months, it had delivered 57 percent of its assets and had risen to $300 million in 1994, $450 million in 1995, and $800 million in 1996, before going public in 1997.
In 2014, its assets under management reached a total of $20 billion, an increase over the previous year’s total of $19 billion. In the past few years, the corporation has made the majority of its investments in the loans of businesses that are experiencing financial difficulties. A distressed steel company that was in the process of being liquidated as a result of a bankruptcy procedure was the site of its first investment.
After incurring huge losses during the collapse of the junk bond market in 2002, Appaloosa slowly recovered in the following years by putting wagers on faltering firms such as Enron, Worldcom, and Marconi Corporation. As a side interest to his financial endeavors, David Tepper has a strong interest in football. During the month of September 2009, he made a 5 percent investment in the Pittsburgh Steelers of the National Football League, giving him a 5 percent ownership position in the franchise.
Jerry Richardson, the team’s original owner and creator, passed away earlier this year and he completed the purchase of the Carolina Panthers from him. Throughout his career, David Tepper has made substantial contributions to the business schools at Carnegie Mellon and the University of Pittsburgh’s Graduate School of Business. In 2006, he made a $1 million donation to the United Jewish Communities of MetroWest New Jersey as part of their Israel Emergency Campaign, which was used to assist the organization.
Alan Fournier and he formed the Better Education For Kids political action group in 2012, with the goal of improving educational opportunities for children in the United States and around the world. In response to Hurricane Sandy’s devastation, he distributed gift cards totaling $200,000 to families who had been affected. His involvement on various boards and committees for philanthropic and communal organizations demonstrates his commitment to the community, which he considers to be his calling.
|David Tepper Contact Address, Phone Number, Email ID, Website|
|Fanmail Address (residence address)||David Tepper |
K Hall Agency
Austin, TX 78702
|Phone Number||(512) 476-7523|
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K Hall Agency
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