David Tepper Biography
Birthday: September 11, 1957 (Virgo)
Born In: Pittsburgh, Pennsylvania, United States
David Tepper is an American businessman, hedge fund manager, and philanthropist. He is also the owner of Carolina Panthers of the National Football League. He is famous for managing one of the most successful hedge fund firms of all time, Appaloosa Management. He has a net worth of approximately $12 billion, according to Forbes’ ‘The World’s Billionaires List’ (2019). Tepper was born in Pittsburgh, Pennsylvania. He earned his bachelor’s degree in economics from the University of Pittsburgh. He got his MBA from Carnegie Mellon University. Along with Jack Walton, he co-founded the Appaloosa Management, an employee-owned hedge fund, in 1993. In the first six months, it delivered 57% returns on its assets, and the funds kept growing over the years. Its assets under management exceeded $20 billion in 2014. Known for his philanthropic works, Tepper has donated a total of $125 million in funds and gifts to Carnegie Mellon University. He has also donated a substantial amount of funds to the University of Pittsburgh.